The defense contractor reported a book-to-bill ratio of 1.2. The measure showed orders exceeded revenue during the second quarter.
Revenue increased 8% to $5.9 billion. L3Harris raised its full-year guidance for consolidated revenue and earnings per share.
Operating margin rose 60 basis points to 11.1%. Segment operating margin reached 16%.
Diluted earnings per share increased 28% to $3.13. The company also reported double-digit growth during the first half.
Operating cash flow rose 37% to $879 million. Free cash flow increased 37% to $771 million.
“Our Trusted Disruptor culture, underpinned by early and strategic investments and leveraging our commercial business model, continues to deliver results,” Chairman and CEO Christopher Kubasik said. “We deploy capabilities to support the warfighter’s need to sense, connect and respond, addressing today’s complex threat environment quickly and at scale.”
“Our purpose-built portfolio and focus on execution drove outstanding second quarter results,” Kubasik added. “Strong orders, record backlog and double-digit first half growth reinforce our multi-year track record of delivering on our financial commitments.”
