Form 8-K · Current Report · Filed 2024-11-06
Trimble Announces Record ARR and Raises Guidance
Trimble Inc. reported its third-quarter 2024 results, highlighting a record annualized recurring revenue (ARR) of $2.19 billion, up 13% year-over-year, and raising its full-year 2024 guidance for revenue and earnings per share (EPS). The company also reported non-GAAP results, showing a significant increase in non-GAAP net income and EPS. The financial performance was driven by strong execution of its Connect & Scale strategy, with a record gross margin of 68.5%. The results reflect both organic growth and contributions from the recent Mobility divestiture.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000251
- CIK
- 0000864749
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$61.62
Next session
+17.1%
Since filing
-3.5%
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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