Operating Margin: Second quarter operating margin increased 280 bps largely due to the absence of a non-cash charge that impacted 2023, improved operational and program performance, including the impact of the LHX NeXt cost savings initiative.
* A reconciliation is not available. See the note on page 2 and Non-GAAP Financial Measures on page 6 for more information.
IMS
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Second Quarter |
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Year to Date |
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2024 Guidance* |
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($ millions) |
2024 |
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2023 |
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Change |
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2024 |
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2023 |
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Change |
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Revenue |
$ |
1,729 |
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$ |
1,735 |
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— |
% |
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$ |
3,398 |
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$ |
3,435 |
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(1 |
)% |
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$6,500 - $6,700 (Prior $6,400 - $6,600) |
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Operating margin |
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11.9 |
% |
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9.3 |
% |
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260 bps |
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11.7 |
% |
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10.1 |
% |
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160 bps |
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mid 11%* (Prior low-mid 11%) |
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