Trimble Q1 revenue $915M (-8% YoY); record ARR $1.65B; updates FY guidance for Transporeon

TRIMBLE INC.

2023-Q1 EPS reported $0.52 revenue$915,400,000

GAAP EPS $0.52, non-GAAP EPS $0.72; record GAAP gross margin 61.3%, non-GAAP 64.2%.
Annualized recurring revenue $1.65B, up 12% YoY, 13% organic; total revenue down 8% YoY.
Full-year 2023 revenue guidance $3,835M-$3,935M; non-GAAP EPS $2.52-$2.72.
Q2 2023 revenue guidance $962M-$992M; non-GAAP EPS $0.55-$0.61.
Board member Sandra MacQuillan passed away April 27, 2023; Board now 10 directors.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRIMBLE INC. reported the quarter ended March 31, 2023 results: revenue $915.4 million, net income $128.8 million, EPS $0.52 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $915.4 million
Net income: $128.8 million
EPS: $0.52 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights • Revenue of $915.4 million, down 8 percent on a year-over-year basis, down 3 percent year-over-year on an organic basis • Annualized recurring revenue ("ARR") was $1.65 billion, up 12 percent year-over-year, up 13 percent on an organic basis • GAAP operating income was $137.0 million and non-GAAP operating income was $226.1 million • GAAP net income was $128.8 million and non-GAAP net income was $177.9 million • Diluted earnings per share ("EPS") was $0.52 on a GAAP basis and $0.72 on a non-GAAP basis • Adjusted EBITDA of $248.8 million, 27.2 percent of revenue

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Source: SEC EDGAR

accession 0000864749-23-000074

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