Form 8-K · Current Report · Filed 2024-08-06
Trimble Inc. Reports Strong Q2 2024 Financial Results with Earnings Beat and Guidance Raise
Trimble Inc. reported its financial results for the second quarter of 2024, showing a record annualized recurring revenue (ARR) and gross margin, despite a year-over-year revenue decline. The company exceeded earnings per share (EPS) guidance and raised its full-year 2024 revenue and EPS guidance. Additionally, Trimble disclosed material weaknesses in its internal control over financial reporting related to IT and revenue-related systems, with ongoing efforts to remediate these issues.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000195
- CIK
- 0000864749
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$49.82
Next session
+1.5%
Since filing
+19.4%
Latest close
$59.47
What happened, not what will happen — closing prices around the filing date.
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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