Trimble Q3 beats guidance; record ARR $2.19B, gross margin 68.5%; raises FY2024 outlook

TRIMBLE INC.

2024-Q3 EPS reported $5.73 revenue$2,699,900,000

Revenue $875.8M (-9% reported, +3% organic); GAAP EPS $0.16, non-GAAP EPS $0.70.
Record ARR $2.19B (+13% YoY, +14% organic); record gross margin 68.5%.
Adjusted EBITDA $237.4M (27.1% of revenue); non-GAAP operating income $224.8M (25.7% of revenue).
Full-year 2024 guidance raised: revenue $3,625-$3,665M; non-GAAP EPS $2.79-$2.87.
CEO cites strong execution, Mobility divestiture to simplify business; investor day Dec 10, 2024.

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