L3harris Technologies, Inc. · NYSE:LHX
L3harris Technologies — Harris — Q1 FY2015 Earnings Presentation
9 slides from L3harris Technologies's earnings presentation, September 2020
Slide 1: Fiscal 2015 First Quarter Earnings Call Presentation
Fiscal 2015 First Quarter Earnings Call Presentation harris.com | Fiscal 2015 First Quarter Earnings Call Presentation |1
Slide 2: Forward-looking statements
Forward-looking statements Statements in this presentation that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor pro
Slide 3: 1Q fiscal 2015 summary
1Q fiscal 2015 summary • EPS $1.18 on revenue down 3% • Operating performance solid – lower costs and good execution • Investing in R&D to drive growth – up 5% to 5.4% of revenue • Strong revenue and orders growth in Government Communications Systems and in International Tactical Radio • Total compa
Slide 4: 1Q fiscal 2015 results
1Q fiscal 2015 results ($million, except per share amounts) 1Q 2014 1Q 2015 Orders $ 1,204 $ 1,114 % increase -7% Revenue 1,192 1,155 % increase -3% Income from continuing operations 128 125 % increase -2% Operating margin 17.6% 17.1% Earnings per share from continuing operations 1.18 1.18 % increas
Slide 5: RF Communications
RF Communications ($million) 1Q 2014 1Q 2015 Orders $ 348 $ 374 Tactical Communications 225 288 Public Safety and Professional Communications 123 86 Revenue 423 387 Tactical Communications 305 276 Public Safety and Professional Communications 118 111 Operating income 135 117 Operating margin 32.0% 3
Slide 6: Government Communications
Government Communications ($million) 1Q 2014 1Q 2015 Revenue $ 412 $ 461 % increase 12% Operating income 64 74 Operating margin 15.5% 16.0% • Revenue, orders and operating income – all up significantly • 4th consecutive quarter delivering growth in constrained government market – customer diversific
Slide 7: Integrated Network Solutions
Integrated Network Solutions ($million) 1Q 2014 1Q 2015 Revenue $ 376 $ 326 % increase -13% Operating income 30 23 Operating margin 7.9% 7.1% • Revenue growth in Commercial CapRock and Healthcare more than offset primarily by wind-down of two major programs in IT Services • Healthcare wins – Phoebe
Slide 8: 1Q fiscal 2015 financial highlights
1Q fiscal 2015 financial highlights ($million) 1Q 2014 1Q 2015 Cash and cash equivalents $ 337 $ 449 Depreciation and amortization 50 51 Capital expenditures 33 41 Cash flow from operations 173 80 Free cash flow 166 46 Effective tax rate 32.2% 28.7% Reference non-GAAP reconciliation on the Harris in
Slide 9: Fiscal 2015 guidance
Fiscal 2015 guidance Guidance Revenue EPS and op margin FY 14 FY 15 FY 14 FY 15 Harris Corporation $ 5.01B -1 to -3% $5.00 $ 4.75 – 5.00 Other information RF Communications 1.83B flat to -3% 30.7% 30% – 31% Government Communications 1.80B flat to +2% 15.4% ~15.0% Integrated Network Solutions 1.46B -