Thread regarding L3Harris Technologies layoffs

The Kube delivers for Wall Street

L3Harris Technologies, Inc. LHX reported fourth-quarter 2024 adjusted earnings (from continuing operations) of $3.47 per share, which beat the Zacks Consensus Estimate of $3.43 by 1.2%. The bottom line also increased 3.6% from the year-ago quarter’s $3.35.

"Through our LHX NeXt initiative, we exceeded our cost-savings target for 2024, achieving $800 million, and are raising our overall cost-savings goal to $1.2 billion by the end of 2025"

Cost-savings... I wonder how they plan to squeeze more money out of the employees oops I mean company.

by Anonymous
| 2520 views | | 11 replies (last ) | Reply
Post ID: @OP+1jjwttddm
Comment! It's anonymous!

11 replies (most recent on top)

Kube is just another way to say "blockhead"...

by Anonymous
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Post ID: @4ag+1jjwttddm

LHX down over 14% in the last 6 months. I wouldn't call that delivering value to the investors. I would call that Chris K. trying to get fired. He's going to have to lay off more than 5% of the workforce to make up the deficit this time. Serves the company right. They went woke, and now they're going broke.

by Anonymous
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Post ID: @388+1jjwttddm
I see it is now down to 194

I dumped the stock that I still own. I foresee a long ways yet to go downhill

by Anonymous
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Post ID: @37q+1jjwttddm

A week or so ago some stock analyst said LHX would drop to 198. At the time it was around 208-210

I see it is now down to 194

by Not Jim Cramer
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Post ID: @34e+1jjwttddm
Trusted Disruptor? Are you kidding me?

That's a good point. They're certainly not Disrupting the Wall Street Playbook.

by Anonymous
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Post ID: @16z+1jjwttddm

Nearly all earnings are sent to investors and nothing reinvested in people and technology.

That is a plan for becoming obsolete. Trusted Disruptor? Are you kidding me?

by Anonymous
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Post ID: @155+1jjwttddm

DoD spending growth... check... program execution... got it...

Capital deployment decisions???

by Anonymous
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Post ID: @14q+1jjwttddm

LHX (Sell): Our $198 12-month price target is derived from targeting a 6.50% FCF yield on our 2025E estimates. Risks include (1) DoD spending growth and priorities; (2) program execution; and (3) capital deployment decisions.

by Anonymous
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Post ID: @142+1jjwttddm

Bilking those who built the business is the name of the game.

by Anonymous
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Post ID: @106+1jjwttddm

His days are numbered

by Anonymous
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Post ID: @cz+1jjwttddm

Since reducing the workforce by 5% last year pay it off, and since it looks like future reductions are in the offing, it's a foregone conclusion that he will do it again.

by Anonymous
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Post ID: @cy+1jjwttddm

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