L3Harris and Howmet Report Higher Third-Quarter Profit and Revenue

what happened

L3Harris Technologies (LHX) earned $613 million, or $3.28 per share, in the third quarter, up from $462 million, or $2.46 per share, a year earlier. Revenue grew 7.1% to $6.060 billion from $5.659 billion. For the full year, the company expects EPS of $12.25 to $12.35 and revenue of $23.5 billion to $23.7 billion.

Howmet Aerospace (HWM) reported earnings of $567 million, or $1.42 per share, compared with $385 million, or $0.95 per share, last year. Excluding items, adjusted earnings were $584 million, or $1.46 per share. Revenue rose 29.4% to $2.703 billion from $2.089 billion. Howmet guides to EPS of $1.49 to $1.51 for the next quarter and $5.49 to $5.51 for the full year.

The figures are reported by TradingView, which distributes material from RTTNews and dpa-AFX.

why it matters

For markets, the results point to strong demand across the US aerospace and defense sector. Simultaneous revenue and profit growth at two suppliers may support investor interest in the industry, though share reactions depend on how well these numbers matched expectations.

market impact

US aerospace stocks: revenue and profit growth supports the sector

• ▲US aerospace stocks pressure up — strong revenue and profit growth at two major suppliers supports sector interest

tags

instruments