Core Viewpoint - Trimble Navigation (TRMB) reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, but down from $0.64 per share a year ago, indicating a 3.39% earnings surprise [1] Financial Performance - The company achieved revenues of $840.6 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.11%, although this is a decrease from $953.3 million in the same quarter last year [2] - Over the last four quarters, Trimble has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Trimble shares have declined approximately 10.4% since the beginning of the year, compared to a 4.7% decline in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.61 on revenues of $823.21 million, and for the current fiscal year, it is $2.89 on revenues of $3.42 billion [7] - The trend of earnings estimate revisions for Trimble is mixed, which may change following the recent earnings report [6] Industry Context - The Manufacturing - General Industrial industry, to which Trimble belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $841 million, up 3% organically and up 10% after adjusting for the timing of January 1 term license revenue [5][22] - Annual Recurring Revenue (ARR) reached $2.11 billion, up 17% organically, exceeding expectations across segments [5][22] - Earnings per share (EPS) was reported at $0.61, also ahead of expectations [5][22] - Gross margins expanded by 180 basis points to 69.9%, and EBITDA margins increased by 100 basis points year over year to 25.9% [22] Business Line Data and Key Metrics Changes - AECO segment delivered a record ARR of $1.29 billion, with 19% growth for the quarter [24] - Field Systems revenue was up 6%, with ARR growth of 25%, driven by strong performance in civil construction and subscription offerings [25] - Transportation and Logistics segment saw revenue and ARR both increase by 67%, with over 90% of revenue now recurring following divestitures [26] Market Data and Key Metrics Changes - Modest softness was noted in the public sector in the U.S., with slightly longer sales cycles for enterprise customers [11] - Strength was observed in small to mid-sized construction companies and sectors such as data centers, renewables, and mining [12] - In Europe, the automotive segment is down, while retail and construction materials are up, indicating varied market health [17] Company Strategy and Development Direction - The company is focused on AI integration to enhance customer service and operational efficiency, with a clear strategy to leverage AI across various functions [6][8] - The leadership emphasizes maintaining a strong competitive position during economic downturns by capitalizing on cross-sell and upsell opportunities [10] - The company aims to continue its transformation towards a software-centric model, with a significant portion of revenue now derived from subscriptions [4][24] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious yet optimistic outlook, maintaining guidance for the year while acknowledging macroeconomic uncertainties [6][28] - The company sees opportunities in the current environment, believing it can outperform weaker competitors during potential downturns [10][11] - There is a focus on capital allocation towards attractive market opportunities, particularly in data centers and infrastructure [20] Other Important Information - The company repurchased $627 million of shares in Q1 2025, with $373 million remaining in authorization [21] - A change in auditors to KPMG was announced for the fiscal year 2025 [19] Q&A Session Summary Question: Performance of Field Systems business relative to peers - Management highlighted the large, underserved market and the strength of their product and dealer channel, contributing to resilience in performance [34][36] Question: Customer sentiment in AECO and project outlook - Management noted steady performance with pockets of strength and weakness, indicating longer sales cycles but no fundamental changes in decision-making [46][48] Question: Impact of tariffs on pricing - Management confirmed a 4% surcharge to offset the $10 million quarterly tariff impact, primarily from Canada and Mexico [58][86] Question: AI potential for customers - Management emphasized the unique data scope Trimble possesses, which positions the company well for AI-driven solutions and customer insights [64][66] Question: Machine control as a service and new business - Management reported over 50% of new customers in the quarter were new logos, indicating successful market expansion through subscription offerings [68][70] Question: Stickiness of software business and churn - Management reported a net retention rate of 110%, with growth in smaller customer segments, indicating resilience in the software business [74][76]

Trimble Inc. First Quarter 2025 Earnings Summary © 2025 Trimble, Inc - All Rights Reserved Forward-Looking Statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results and expecta ...

Revenue Performance - Trimble reported record annualized recurring revenue of $2.18 billion, up 7% year-over-year and 15% on an organic basis[9]. - Total revenue for Q1 2025 was $840.6 million, down 12% year-over-year but up 2% on an organic basis[9]. - Segment revenue for AECO in Q1 2025 was $335.4 million, a decrease of 1.1% from $339.1 million in Q1 2024[19]. - GAAP revenue for Q1 2025 was $840.6 million, down 11.8% from $953.3 million in Q1 2024[21]. - Non-GAAP gross margin for Q1 2025 was $581.7 million, representing 69.2% of revenue, compared to $627.1 million or 65.8% in Q1 2024[21]. - Organic Revenue also excludes foreign currency translation and acquisitions/divestitures from the prior 12 months, focusing on the company's core revenue performance[39]. Income and Earnings - GAAP net income for Q1 2025 was $66.7 million, with diluted earnings per share of $0.27[9]. - Non-GAAP net income for Q1 2025 was $151.4 million, with diluted earnings per share of $0.61[9]. - GAAP operating income for Q1 2025 was $97.5 million, representing 11.6% of revenue[9]. - Non-GAAP operating income for Q1 2025 was $198.2 million, representing 23.6% of revenue[9]. - GAAP operating income for Q1 2025 was $97.5 million, slightly down from $109.2 million in Q1 2024, maintaining an operating income margin of 11.6%[22]. - Non-GAAP operating income for Q1 2025 was $198.2 million, accounting for 23.6% of revenue, compared to $234.4 million or 24.6% in Q1 2024[22]. - GAAP net income for Q1 2025 was $66.7 million, an increase from $57.2 million in Q1 2024[22]. - Non-GAAP net income for Q1 2025 was $151.4 million, slightly down from $159.1 million in Q1 2024[22]. - Forecasted GAAP diluted net income per share for Q2 2025 is between $0.26 and $0.32, while the forecasted non-GAAP diluted net income per share is between $0.59 and $0.65[22]. Cash Flow and Guidance - Trimble expects full-year 2025 revenue guidance between $3,370 million and $3,470 million[4]. - For Q2 2025, Trimble anticipates revenue between $815 million and $845 million[5]. - The company maintained its full-year 2025 guidance despite current market uncertainties[4]. - Trimble's cash and cash equivalents decreased to $290.0 million from $738.8 million year-over-year[15]. - Free cash flow for Q1 2025 was $149.0 million, down from $233.8 million in Q1 2024[22]. - Adjusted EBITDA for Q1 2025 was $212.1 million, representing 25.2% of revenue, compared to $250.9 million or 26.3% in Q1 2024[22]. Annualized Recurring Revenue - Trimble's Annualized Recurring Revenue (ARR) is calculated by taking subscription and maintenance revenue for the current quarter, adding the contract value of term licenses, and annualizing it, providing a supplementary indicator of recurring revenue value[36]. - Organic Annualized Recurring Revenue excludes the impacts of foreign currency translation and acquisitions/divestitures closed in the prior 12 months, offering a clearer view of underlying revenue growth[38].

Record first quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy Maintaining full year 2025 guidanceWESTMINSTER, Colo., May 7, 2025 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2025.First Quarter 2025 Financial Highlights Revenue of $840.6 million, down 12 percent on a year-over-year basis, up 2 percent on an organic basis Annualized recurring revenue ("ARR") was $2.18 billion, up 7 percent year-over-ye ...

Built on the ESRI ArcGIS® platform, the computerized asset management system solution will help streamline maintenance for the third busiest airport in California.SAN DIEGO, May 1, 2025 /PRNewswire/ -- The San Diego County Regional Airport Authority has selected Woolpert to implement the Trimble Unity Maintain™ enterprise asset management system for San Diego International Airport (SAN).Under the contract, Woolpert will provide implementation, configuration, training, maintenance, and technical support serv ...

Murphy to Sell and Support Trimble Grade Control, Site Positioning and Correction Services for Deere, Hamm Equipment WESTMINSTER, Colo., May 1, 2025 /PRNewswire/ -- Trimble® (Nasdaq: TRMB) today announced Murphy Tractor & Equipment Co., Inc. as the newest Trimble Technology Outlet. Based in Park City, Kansas, Murphy Tractor is the first John Deere dealer to become an authorized Trimble civil construction reseller. Murphy Tractor Becomes First Trimble Technology Outlet for John Deere Construction Equipme ...

WESTMINSTER, Colo., April 29, 2025 /PRNewswire/ -- Trimble Inc. ("the Company") (Nasdaq: TRMB) announced today that the Audit Committee of its Board of Directors has appointed KPMG LLP as the Company's independent registered public accounting firm, effective as of April 25, 2025, and dismissed Ernst & Young LLP as the Company's independent registered public accounting firm, effective as of April 25, 2025.  About TrimbleTrimble is a global technology company that connects the physical and digital worlds, tra ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Trimble Navigation (TRMB) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat.This GPS manufacturer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters w ...

WESTMINSTER, Colo., April 25, 2025 /PRNewswire/ -- Trimble Inc. (the "Company") (Nasdaq: TRMB) announced today that it has filed its Annual Report on Form 10-K for the year ended January 3, 2025 with the Securities and Exchange Commission. There were no changes to the Company's financial statements as presented during the earnings call held by the Company on February 19, 2025. About Trimble Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets ...