Trimble Q2 revenue $994M +6% YoY; record ARR $1.88B up 14% organic

TRIMBLE INC.

2023-Q2 EPS reported $0.70 revenue$1,909,000,000

Revenue $993.6M (+6% YoY; +3% organic); GAAP EPS $0.18, non-GAAP EPS $0.64.
Record annualized recurring revenue $1.88B (+24% YoY; +14% organic).
GAAP gross margin 60.8%; non-GAAP 64.2%; adjusted EBITDA $251.5M (25.3% of revenue).
Q3 2023 guidance: revenue $945M-$985M, GAAP EPS $0.20-$0.27, non-GAAP EPS $0.56-$0.64.
FY2023 guidance: revenue $3,845M-$3,925M, GAAP EPS $1.22-$1.37, non-GAAP EPS $2.57-$2.73.

item 2.02 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 Full-year 2023 results: revenue revenue between $3,845 million and $3,925 million, EPS GAAP EPS of $1.22 to $1.37, and non-GAAP EPS of $2.57 to $2.73.

Period: Full-year 2023
Revenue: revenue between $3,845 million and $3,925 million
EPS: GAAP EPS of $1.22 to $1.37, and non-GAAP EPS of $2.57 to $2.73
Result: guidance update

Exact text from the filing

For the full-year 2023, Trimble now expects to report revenue between $3,845 million and $3,925 million, GAAP EPS of $1.22 to $1.37, and non-GAAP EPS of $2.57 to $2.73.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TRIMBLE INC. reported Second Quarter 2023 results: revenue Revenue of $993.6 million, net income GAAP net income was $44.6 million and non-GAAP net income was $159.0 million, EPS Diluted earnings per share ("EPS") was $0.18 on a GAAP basis and $0.64 on a non-GAAP basis.

Period: Second Quarter 2023
Revenue: Revenue of $993.6 million
Net income: GAAP net income was $44.6 million and non-GAAP net income was $159.0 million
EPS: Diluted earnings per share ("EPS") was $0.18 on a GAAP basis and $0.64 on a non-GAAP basis
Result: reported results

Exact text from the filing

Trimble Inc. (NASDAQ: TRMB) today announced financial results for the second quarter of 2023. Second Quarter 2023 Financial Highlights • Revenue of $993.6 million, up 6 percent on a year-over-year basis, up 3 percent year-over-year on an organic basis • Annualized recurring revenue ("ARR") was $1.88 billion, up 24 percent year-over-year, up 14 percent on an organic basis • GAAP operating income was $93.6 million and non-GAAP operating income was $231.0 million • GAAP net income was $44.6 million and non-GAAP net income was $159.0 million • Diluted earnings per share ("EPS") was $0.18 on a GAAP basis and $0.64 on a non-GAAP basis

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRIMBLE INC. reported Third quarter of 2023 results: revenue revenue between $945 million and $985 million, EPS GAAP EPS of $0.20 to $0.27, and non-GAAP EPS of $0.56 to $0.64.

Period: Third quarter of 2023
Revenue: revenue between $945 million and $985 million
EPS: GAAP EPS of $0.20 to $0.27, and non-GAAP EPS of $0.56 to $0.64
Result: guidance update

Exact text from the filing

For the third quarter of 2023, Trimble expects to report revenue between $945 million and $985 million, GAAP EPS of $0.20 to $0.27, and non-GAAP EPS of $0.56 to $0.64.

View on SEC.gov

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TRIMBLE INC. filing history →

Source: SEC EDGAR

accession 0000864749-23-000171

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