Form 8-K · Current Report · Filed 2024-02-12
Trimble Reports Strong Full Year 2023 Financial Results
Trimble Inc. announced its financial results for the quarter and full year ended December 29, 2023, reporting a record annualized recurring revenue of $1.98 billion, an increase of 24% year-over-year. The company also reported full-year GAAP gross margin of 61.4% and non-GAAP gross margin of 64.7%. Full-year GAAP operating income was $448.8 million, and non-GAAP operating income was $934.7 million. For the full year 2024, Trimble expects revenue between $3,570 million and $3,670 million and non-GAAP EPS of $2.60 to $2.80.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000034
- CIK
- 0000864749
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$52.51
Next session
+6.6%
Since filing
+13.3%
Latest close
$59.47
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Precedent
Previous filings from TRMB reporting the same item, with the next session's move:
Exhibits (1)
About Trimble Inc.
Trimble Inc. is a technology company that develops positioning and productivity solutions for various industries. It focuses on connecting the physical and digital worlds through advanced integrated solutions. Trimble's portfolio includes industries like agriculture, construction, geospatial, transportation, and natural resources, where accurate positioning and measurement are crucial. The company offers products such as GPS receivers, laser rangefinders, unmanned aerial vehicle systems, and software tools. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has consistently contributed to technological advancements by providing systems that improve productivity, quality, safety, and compliance. Trimble's solutions are vital in automating and streamlining workflows, thus fostering efficiency and innovation across sectors. Its presence is felt globally as it enables businesses to make data-driven decisions, promoting sustainable practices and operational intelligence.
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