L3Harris Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More

L3Harris Technologies Inc (NYSE:LHX) reported third-quarter financial results after the market close on Thursday. Here’s a rundown of the print.

Q3 Earnings: L3Harris reported third-quarter revenue of $5.3 billion, beating the consensus estimate of $5.28 billion. The defense contractor reported adjusted earnings of $3.34 per share, beating analyst estimates of $3.26 per share, according to Benzinga Pro.

Total revenue was up 8% on a year-over-year basis, primarily driven by the acquisition of Aerojet Rocketdyne. L3Harris noted that organic revenue was up 5% year-over-year. Adjusted earnings also jumped 5% on a year-over-year basis.

L3Harris generated $780 million in operating cash flow and $728 million in adjusted free cash flow during the quarter, up 44% and 18% respectively. The company noted that orders grew to $7.2 billion in the quarter.

“We are making impressive progress on our LHX NeXt initiative and expect to exceed ...