- L3Harris Technologies (LHX, Financial) reports strong Q1 2025 results, updating its full-year guidance.
- First quarter revenue was $5.1 billion, with a GAAP operating margin of 10.2% and a non-GAAP diluted EPS of $2.41.
- Company repurchased $569 million in shares, part of an $800 million return to shareholders this quarter.
L3Harris Technologies (LHX) has announced its financial results for the first quarter of 2025, showcasing a robust performance with a reported revenue of $5.1 billion and a GAAP operating margin of 10.2%. The company also achieved a non-GAAP diluted EPS of $2.41, representing a 7% increase from the previous year.
The company has reaffirmed its commitment to its capital deployment strategy by returning nearly $800 million to shareholders in the first quarter through share repurchases and an increased dividend. In total, $569 million was used for share buybacks, underlining L3Harris's focus on delivering value to its shareholders.
The financial guidance for the remainder of 2025 has been updated, considering the recent divestiture of the Commercial Aviation Solutions business and strong Q1 performance. The revised non-GAAP diluted EPS is now projected to be within the $10.30-$10.50 range. The company also aims to achieve adjusted free cash flow between $2.4 billion and $2.5 billion.
CEO Christopher E. Kubasik commented on the results, emphasizing the company's solid execution and program performance, which align with key national security priorities. L3Harris remains well-positioned to support evolving defense priorities and is focused on delivering mission-critical solutions rapidly. The company continues to benefit from strategic partnerships, which form the core of its Trusted Disruptor strategy.
