L3Harris Reports Second Quarter 2020 Results
- 2Q20 revenue
- 2Q20 margin and earnings
- 2Q20 cash flow
MELBOURNE, Fla. — (BUSINESS WIRE) — July 31, 2020 — L3Harris Technologies, Inc. (NYSE: LHX) reported second quarter 2020 revenue of $4.4 billion, up 138% and flat versus prior-year GAAP and pro forma1, respectively, and up 2.3% on an organic2 basis. Net income was $278 million, up 4% and down 33% versus prior-year GAAP and pro forma, respectively. Adjusted EBIT3 was $810 million, up 9% versus prior-year adjusted pro forma, and margin increased 150 basis points (bps) to 18.2%. GAAP EPS was $1.30, down...