L3Harris Technologies, Inc. (NYSE:LHX) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET
Company Participants
Daniel Gittsovich - VP, IR
Christopher Kubasik - Chair and CEO
Kenneth Bedingfield - SVP and CFO
Conference Call Participants
Sheila Kahyaoglu - Jefferies
Myles Walton - Wolfe Research
Richard Safran - Seaport Research Partners
Douglas Harned - Bernstein
Matthew Akers - Wells Fargo
David Strauss - Barclays
Michael Ciarmoli - Truist
Gautam Khanna - TD Cowen
Peter Skibitski - Alembic Global
Seth Seifman - JPMorgan
Peter Arment - Baird
Jeremy Jason - Citi
Operator
Good morning everyone. Welcome to the L3Harris Technologies Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions]. Also, today's call is being recorded. [Operator Instructions]
Now at this time, I'll turn things over to Mr. Dan Gittsovich, Vice President, Investor Relations. Please go ahead, sir.
Daniel Gittsovich
Thank you, Bob. Good morning and welcome to our third quarter 2024 earnings call. Joining me this morning are Chris and Ken. Yesterday, we published our third quarter earnings release detailing our financial results and guidance. We have also provided a supplemental earnings presentation on our website.
Today's discussion will include certain matters that constitute forward-looking statements. These statements involve risks, assumptions, and uncertainties that could cause actual results to differ materially. For more information, please reference our earnings release and SEC filings. We will also discuss non-GAAP financial measures, which are reconciled to GAAP measures in the earnings release.
With that, I'll turn it over to Chris for some opening remarks.
Christopher Kubasik
Good morning, everyone, and thanks Dan.
We had a very strong quarter, and our strategy is delivering results. We achieved record order volume, an impressive book-to-bill, robust segment operating margins and solid free cash flow. We're proud of the progress we've made so far this year, and are confident that we are on track to deliver on the commitments we made to our stakeholders.
Our customers tell us that we're agile, fast and fully aligned with their priorities. This empowers us to deliver the right capabilities at the right time, meeting the evolving needs of our nation and its allies. Our business model enables us to operate, as either a prime, a sub or merchant supplier, offering commercial pricing or utilizing the traditional government acquisition approach.