secwatch.observer — SEC 8-K summary
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Issuer:     TRIMBLE INC. (TRMB)
CIK:        0000864749
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000864749-23-000074
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864749/000086474923000074/0000864749-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864749/000086474923000074/trmb-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000864749-23-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer