[Executive Summary & Business Overview](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Overview) [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Trimble announced strong financial results for the second quarter of 2025, exceeding expectations with record annualized recurring revenue (ARR) and gross margin, reflecting ongoing business momentum and successful execution of its Connect & Scale strategy - Trimble delivered record annualized recurring revenue of **$2.21 billion** and surpassed expectations on both the top and bottom lines, reflecting ongoing momentum and validation of the Connect & Scale strategy[3](index=3&type=chunk) Second Quarter 2025 Financial Highlights | Metric | Value | | :-------------------------------- | :------------------- | | Revenue | $875.7 million (up 1% YoY, 8% organic) | | Annualized Recurring Revenue (ARR) | $2.21 billion (up 5% YoY, 13% organic) | | GAAP Operating Income | $127.8 million (14.6% of revenue) | | Non-GAAP Operating Income | $222.6 million (25.4% of revenue) | | GAAP Net Income | $89.2 million | | Non-GAAP Net Income | $169.4 million | | GAAP Diluted EPS | $0.37 | | Non-GAAP Diluted EPS | $0.71 | | Adjusted EBITDA | $239.9 million (27.4% of revenue) | | Share Repurchase (Q2) | $50.0 million | | Share Repurchase (YTD) | $677.4 million | [Executive Commentary](index=1&type=section&id=Executive%20Commentary) Rob Painter, President and CEO, highlighted the record ARR and exceeding financial expectations, attributing success to business momentum and the Connect & Scale strategy, leading to an upward revision of full-year 2025 guidance - CEO Rob Painter stated that record annualized recurring revenue of **$2.21 billion** and exceeding top and bottom-line expectations validate the Connect & Scale strategy[3](index=3&type=chunk) - The company is raising its full-year 2025 guidance based on first-half performance and underlying business momentum[3](index=3&type=chunk) [Company Overview](index=1&type=section&id=Company%20Overview) Trimble is a global technology company that bridges the physical and digital worlds through innovation in precise positioning, modeling, and data analytics, serving essential industries like construction, geospatial, and transportation to enhance productivity and progress - Trimble is a global technology company connecting physical and digital worlds, transforming work through precise positioning, modeling, and data analytics[7](index=7&type=chunk) - The company serves essential industries including construction, geospatial, and transportation, focusing on infrastructure, building design, supply chain optimization, and mapping[7](index=7&type=chunk) [Forward-Looking Guidance](index=1&type=section&id=Forward-Looking%20Guidance) Trimble has raised its full-year 2025 financial guidance and provided expectations for the third quarter of 2025, reflecting strong performance and the impact of the Mobility divestiture Full-Year 2025 Guidance | Metric | Low End (Millions) | High End (Millions) | | :-------------------- | :-------- | :------- | | Revenue | $3,480 | $3,560 | | GAAP EPS | $1.55 | $1.70 | | Non-GAAP EPS | $2.90 | $3.06 | | GAAP Tax Rate | 21.0% | | | Non-GAAP Tax Rate | 17.4% | | | Shares Outstanding | ~242 million | | Third Quarter 2025 Guidance | Metric | Low End (Millions) | High End (Millions) | | :-------------------- | :-------- | :------- | | Revenue | $850 | $890 | | GAAP EPS | $0.34 | $0.43 | | Non-GAAP EPS | $0.67 | $0.75 | | GAAP Tax Rate | 19.0% | | | Non-GAAP Tax Rate | 17.5% | | | Shares Outstanding | ~240 million | | - Full-year 2025 guidance incorporates the closing of the Mobility divestiture on February 8, 2025[5](index=5&type=chunk) [Investor Relations Information](index=1&type=section&id=Investor%20Relations%20Information) Trimble will host a conference call and webcast on August 6, 2025, to discuss its second quarter 2025 results, with details provided for access and replay - A conference call to review Q2 2025 results will be held on August 6, 2025, at 8:00 a.m. ET[6](index=6&type=chunk) - An accompanying slide presentation and live webcast will be available on Trimble's investor relations website, with registration required for dial-in access[6](index=6&type=chunk) [Safe Harbor Statement](index=2&type=section&id=Safe%20Harbor%20Statement) This section provides a safe harbor statement, cautioning that forward-looking statements are subject to risks and uncertainties, including macroeconomic conditions, supply chain issues, geopolitical developments, and business model transitions, which could cause actual results to differ materially - Statements in the press release are forward-looking and subject to change, with actual results potentially differing due to various risks and uncertainties[9](index=9&type=chunk) - Risks include inability to market new products, integrate acquisitions, macroeconomic weakness, supply chain disruptions, geopolitical developments, foreign exchange fluctuations, and the transition to a subscription model[9](index=9&type=chunk) - Undue reliance should not be placed on forward-looking statements, and the company disclaims any undertaking to update or revise them[9](index=9&type=chunk) [Condensed Consolidated Financial Statements](index=3&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statements of Income](index=3&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20INCOME) Trimble's income statement shows a slight increase in total revenue for Q2 2025 year-over-year, driven by subscription and services growth, leading to a significant rise in GAAP operating income and gross margin percentage, despite a lower net income primarily due to a large divestiture gain in the prior year Condensed Consolidated Statements of Income (Q2 2025 vs Q2 2024) | Metric | Q2 2025 (Millions) | Q2 2024 (Millions) | Change (YoY) | | :---------------------------------- | :------------------ | :------------------ | :------------- | | Total Revenue | $875.7 | $870.8 | +0.6% | | Product Revenue | $292.8 | $320.4 | -8.6% | | Subscription and Services Revenue | $582.9 | $550.4 | +5.9% | | Total Cost of Sales | $277.8 | $324.9 | -14.5% | | Gross Margin | $597.9 | $545.9 | +9.5% | | Gross Margin (%) | 68.3% | 62.7% | +5.6 pp | | Total Operating Expense | $470.1 | $484.3 | -2.9% | | Operating Income | $127.8 | $61.6 | +107.5% | | Divestitures Gain, net | $2.6 | $1,714.1 | -99.8% | | Net Income | $89.2 | $1,316.4 | -93.2% | | Diluted EPS | $0.37 | $5.34 | -93.1% | Condensed Consolidated Statements of Income (First Two Quarters 2025 vs 2024) | Metric | YTD 2025 (Millions) | YTD 2024 (Millions) | Change (YoY) | | :---------------------------------- | :------------------ | :------------------ | :------------- | | Total Revenue | $1,716.3 | $1,824.1 | -5.9% | | Product Revenue | $564.4 | $687.5 | -17.9% | | Subscription and Services Revenue | $1,151.9 | $1,136.6 | +1.3% | | Total Cost of Sales | $557.6 | $684.6 | -18.5% | | Gross Margin | $1,158.7 | $1,139.5 | +1.7% | | Gross Margin (%) | 67.5% | 62.5% | +5.0 pp | | Total Operating Expense | $933.4 | $968.7 | -3.6% | | Operating Income | $225.3 | $170.8 | +31.9% | | Divestitures Gain, net | $4.8 | $1,717.6 | -99.7% | | Net Income | $155.9 | $1,373.6 | -88.7% | | Diluted EPS | $0.64 | $5.56 | -88.5% | [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Trimble's balance sheet as of Q2 2025 shows a decrease in total assets and current assets compared to year-end 2024, primarily due to a significant reduction in cash and cash equivalents and the divestiture of assets held for sale. Total liabilities also decreased, while stockholders' equity remained relatively stable Condensed Consolidated Balance Sheets (As of Q2 2025 vs Year End 2024) | Metric | Q2 2025 (Millions) | Year End 2024 (Millions) | Change (Millions) | | :-------------------------------- | :------------------ | :----------------------- | :------- | | Cash and Cash Equivalents | $265.9 | $738.8 | -$472.9 | | Accounts Receivable, net | $539.5 | $725.8 | -$186.3 | | Assets Held for Sale | — | $312.0 | -$312.0 | | Total Current Assets | $1,289.6 | $2,270.4 | -$980.8 | | Goodwill | $5,247.6 | $4,988.4 | +$259.2 | | Equity Investments | $630.7 | $361.0 | +$269.7 | | Total Assets | $9,099.2 | $9,488.3 | -$389.1 | | Short-term Debt | $71.0 | — | +$71.0 | | Deferred Revenue | $781.2 | $800.4 | -$19.2 | | Income Taxes Payable | $18.8 | $325.0 | -$306.2 | | Liabilities Held for Sale | — | $62.6 | -$62.6 | | Total Current Liabilities | $1,377.1 | $1,788.0 | -$410.9 | | Long-term Debt | $1,441.4 | $1,390.6 | +$50.8 | | Total Liabilities | $3,411.1 | $3,743.0 | -$331.9 | | Total Stockholders' Equity | $5,688.1 | $5,745.3 | -$57.2 | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the first two quarters of 2025, Trimble experienced a significant decrease in net cash provided by operating activities and a net cash outflow from investing activities, largely due to the absence of a major divestiture gain seen in the prior year. Financing activities also resulted in a substantial cash outflow, primarily driven by share repurchases and debt payments, leading to an overall net decrease in cash and cash equivalents Condensed Consolidated Statements of Cash Flows (First Two Quarters 2025 vs 2024) | Metric | YTD 2025 (Millions) | YTD 2024 (Millions) | Change (Millions) | | :------------------------------------------ | :------------------ | :------------------ | :------- | | Net Income | $155.9 | $1,373.6 | -$1,217.7 | | Divestitures Gain, net (Operating Adjustments) | -$4.8 | -$1,717.6 | +$1,712.8 | | Net Cash Provided by Operating Activities | $102.1 | $321.4 | -$219.3 | | Divestiture of Businesses, net of cash divested | -$7.3 | $1,927.0 | -$1,934.3 | | Net Cash (Used in) Provided by Investing Activities | -$27.2 | $1,871.1 | -$1,898.3 | | Repurchases of Common Stock | -$677.4 | -$175.0 | -$502.4 | | Payments on Debt and Revolving Credit Lines | -$227.3 | -$1,799.3 | +$1,572.0 | | Net Cash Used in Financing Activities | -$582.6 | -$1,479.9 | +$897.3 | | Net (Decrease) Increase in Cash and Cash Equivalents | -$481.9 | $705.2 | -$1,187.1 | | Cash and Cash Equivalents - End of Period | $265.9 | $944.1 | -$678.2 | [Reporting Segments](index=6&type=section&id=Reporting%20Segments) [Segment Performance Overview](index=6&type=section&id=Segment%20Performance%20Overview) In Q2 2025, the AECO and Field Systems segments demonstrated revenue growth and improved operating income percentages year-over-year, while the T&L segment experienced a decline in both revenue and operating income, reflecting varied performance across Trimble's business areas Segment Performance (Second Quarter 2025 vs 2024) | Segment | Q2 2025 Revenue (Millions) | Q2 2024 Revenue (Millions) | YoY Change (Revenue) | Q2 2025 Operating Income (Millions) | Q2 2024 Operating Income (Millions) | YoY Change (Operating Income) | Q2 2025 Operating Income % | Q2 2024 Operating Income % | | :---------------- | :------------------------ | :------------------------ | :------------------- | :-------------------------- | :-------------------------- | :---------------------------- | :------------------------- | :------------------------- | | AECO | $350.3 | $299.7 | +16.9% | $106.4 | $79.1 | +34.5% | 30.4% | 26.4% | | Field Systems | $392.7 | $379.3 | +3.5% | $121.0 | $109.8 | +10.2% | 30.8% | 28.9% | | T&L | $132.7 | $191.8 | -30.8% | $28.6 | $35.9 | -20.4% | 21.6% | 18.7% | Segment Performance (First Two Quarters 2025 vs 2024) | Segment | YTD 2025 Revenue (Millions) | YTD 2024 Revenue (Millions) | YoY Change (Revenue) | YTD 2025 Operating Income (Millions) | YTD 2024 Operating Income (Millions) | YoY Change (Operating Income) | YTD 2025 Operating Income % | YTD 2024 Operating Income % | | :---------------- | :------------------------ | :------------------------ | :------------------- | :-------------------------- | :-------------------------- | :---------------------------- | :------------------------- | :------------------------- | | AECO | $685.7 | $638.8 | +7.3% | $198.0 | $205.8 | -3.8% | 28.9% | 32.2% | | Field Systems | $751.9 | $798.5 | -5.8% | $227.6 | $208.1 | +9.4% | 30.3% | 26.1% | | T&L | $278.7 | $386.8 | -27.9% | $54.7 | $72.2 | -24.2% | 19.6% | 18.7% | [Non-GAAP Financial Measures & Reconciliations](index=7&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [GAAP to Non-GAAP Reconciliation Tables](index=7&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliation%20Tables) Trimble provides detailed reconciliations from GAAP to non-GAAP measures for key financial metrics, including gross margin, operating income, net income, diluted EPS, Adjusted EBITDA, and free cash flow, for both the second quarter and year-to-date periods of 2025 and 2024, as well as forecasted diluted EPS GAAP to Non-GAAP Gross Margin Reconciliation (Q2 2025 vs Q2 2024) | Metric | Q2 2025 (Millions) | Q2 2024 (Millions) | | :------------------------------------ | :------------------ | :------------------ | | GAAP Gross Margin | $597.9 | $545.9 | | Amortization of purchased intangible assets | $16.1 | $28.0 | | Stock-based compensation / deferred compensation | $4.2 | $4.2 | | Restructuring and other costs | $0.4 | $0.6 | | Non-GAAP Gross Margin | $618.6 | $578.7 | | Non-GAAP Gross Margin % | 70.6% | 66.5% | GAAP to Non-GAAP Operating Income Reconciliation (Q2 2025 vs Q2 2024) | Metric | Q2 2025 (Millions) | Q2 2024 (Millions) | | :------------------------------------ | :------------------ | :------------------ | | GAAP Operating Income | $127.8 | $61.6 | | Amortization of purchased intangible assets | $42.9 | $54.5 | | Acquisition / divestiture items | $2.7 | $33.9 | | Stock-based compensation / deferred compensation | $40.8 | $38.1 | | Restructuring and other costs | $8.4 | $6.3 | | Non-GAAP Operating Income | $222.6 | $194.4 | | Non-GAAP Operating Income % | 25.4% | 22.3% | GAAP to Non-GAAP Diluted Net Income Per Share Reconciliation (Q2 2025 vs Q2 2024) | Metric | Q2 2025 (Per Share) | Q2 2024 (Per Share) | | :------------------------------------ | :------------------ | :------------------ | | GAAP Diluted Net Income Per Share | $0.37 | $5.34 | | Amortization of purchased intangible assets | $0.18 | $0.22 | | Acquisition / divestiture items | — | -$6.82 | | Stock-based compensation | $0.16 | $0.15 | | Restructuring and other costs | $0.05 | $0.05 | | Non-GAAP tax adjustments | -$0.05 | $1.68 | | Non-GAAP Diluted Net Income Per Share | $0.71 | $0.62 | Forecasted GAAP to Non-GAAP Diluted Net Income Per Share (Q3 2025 & Full Year 2025) | Metric | Q3 2025 Low End (Per Share) | Q3 2025 High End (Per Share) | FY 2025 Low End (Per Share) | FY 2025 High End (Per Share) | | :------------------------------------ | :-------------- | :--------------- | :-------------- | :--------------- | | Forecasted GAAP Diluted Net Income Per Share | $0.34 | $0.43 | $1.55 | $1.70 | | Amortization of purchased intangible assets | $0.18 | $0.18 | $0.71 | $0.71 | | Acquisition / divestiture items | $0.02 | $0.02 | $0.05 | $0.05 | | Stock-based compensation | $0.15 | $0.15 | $0.61 | $0.61 | | Restructuring and other costs | $0.04 | $0.04 | $0.17 | $0.17 | | Non-GAAP tax adjustments | -$0.06 | -$0.07 | -$0.19 | -$0.18 | | Forecasted Non-GAAP Diluted Net Income Per Share | $0.67 | $0.75 | $2.90 | $3.06 | [Non-GAAP Definitions and Explanations](index=10&type=section&id=Non-GAAP%20Definitions%20and%20Explanations) This section clarifies Trimble's non-GAAP financial measures, explaining their purpose in providing insight into core operating performance by excluding non-cash items, non-recurring charges, and transactions not reflective of ongoing results. It details the specific adjustments made for non-GAAP gross margin, operating expenses, operating income, non-operating expense, income tax provision, net income, diluted EPS, and Adjusted EBITDA - Non-GAAP financial measures provide useful information for understanding 'core operating performance' by excluding non-cash items, certain variable charges not expected to recur, and transactions not meaningful for period-to-period comparisons[23](index=23&type=chunk) - Non-GAAP gross margin excludes amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs[24](index=24&type=chunk) - Adjusted EBITDA is defined as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, excluding specific non-operating items[31](index=31&type=chunk) - Non-GAAP adjustments (A) through (G) include amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation/deferred compensation, restructuring and other costs, non-GAAP items tax effected, and differences in GAAP and non-GAAP tax rates[36](index=36&type=chunk) [Non-GAAP Gross Margin](index=10&type=section&id=Non-GAAP%20Gross%20Margin) - Non-GAAP gross margin excludes amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs to understand product mix, pricing, and manufacturing cost influence[24](index=24&type=chunk) [Non-GAAP Operating Expenses](index=10&type=section&id=Non-GAAP%20Operating%20Expenses) - Non-GAAP operating expenses exclude amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs to evaluate non-GAAP spending relative to revenue[25](index=25&type=chunk) [Non-GAAP Operating Income](index=10&type=section&id=Non-GAAP%20Operating%20Income) - Non-GAAP operating income excludes amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs to understand operating income trends driven by revenue, gross margin, and spending[26](index=26&type=chunk) [Non-GAAP Non-Operating Expense, Net](index=10&type=section&id=Non-GAAP%20Non-Operating%20Expense%2C%20Net) - Non-GAAP non-operating expense, net, excludes acquisition/divestiture items, deferred compensation, and restructuring and other costs to help evaluate non-operating expense trends[27](index=27&type=chunk) [Non-GAAP Income Tax Provision](index=10&type=section&id=Non-GAAP%20Income%20Tax%20Provision) - Non-GAAP income tax provision excludes specific charges and benefits like deferred tax impacts from intercompany IP transfers, global intangible low-taxed income, and significant reserve releases to provide consistent treatment of excluded items[28](index=28&type=chunk) [Non-GAAP Net Income](index=10&type=section&id=Non-GAAP%20Net%20Income) - Non-GAAP net income excludes amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments to provide a supplemental view of net income trends[29](index=29&type=chunk) [Non-GAAP Diluted Net Income Per Share](index=10&type=section&id=Non-GAAP%20Diluted%20Net%20Income%20Per%20Share) - Non-GAAP diluted net income per share excludes amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments to measure non-GAAP operating performance per share[30](index=30&type=chunk) [Adjusted EBITDA](index=11&type=section&id=Adjusted%20EBITDA) - Adjusted EBITDA is defined as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, excluding specific items like goodwill impairment and amortization of purchased intangibles[31](index=31&type=chunk) - Adjusted EBITDA offers a useful view of overall business operations by removing differences caused by variations unrelated to operating performance, such as capital structures, income taxes, and depreciation[31](index=31&type=chunk) [Free Cash Flow](index=11&type=section&id=Free%20Cash%20Flow) - Free cash flow is defined as cash flow from operating activities minus capital expenditures, serving as an important measure for investors evaluating cash flow generation[32](index=32&type=chunk) [Explanations of Non-GAAP Adjustments (A-G)](index=11&type=section&id=Explanations%20of%20Non-GAAP%20Adjustments%20(A-G)) - Amortization of purchased intangible assets (A) is excluded from non-GAAP gross margin and operating expenses[36](index=36&type=chunk) - Acquisition/divestiture items (B) are external and incremental costs directly from M&A activities, including legal, due diligence, integration, and one-time charges, which are excluded as they are not indicative of core operating performance[36](index=36&type=chunk) - Stock-based compensation/deferred compensation (C) and restructuring and other costs (D) are also excluded from non-GAAP measures[36](index=36&type=chunk) - Non-GAAP tax adjustments (E) and the difference in GAAP and non-GAAP tax rates (F) are applied to reflect the tax effect of non-GAAP items and exclude specific deferred tax impacts[36](index=36&type=chunk) [Other Key Metrics](index=11&type=section&id=Other%20Key%20Metrics) Trimble defines additional key performance indicators beyond traditional financial measures, including Annualized Recurring Revenue (ARR), Organic Annualized Recurring Revenue, and Organic Revenue, to provide investors with supplementary insights into the company's recurring revenue streams and underlying business growth - Annualized Recurring Revenue (ARR) is a supplementary indicator representing the estimated annualized value of recurring revenue, calculated from subscription and maintenance/support revenue plus term license contract value[35](index=35&type=chunk) - Organic annualized recurring revenue excludes the impacts of foreign currency translation and acquisitions/divestitures that closed in the prior 12 months[37](index=37&type=chunk) - Organic revenue refers to revenue excluding the impacts of foreign currency translation and acquisitions/divestitures that closed in the prior 12 months[38](index=38&type=chunk)

Core Insights - Trimble Inc. reported record annualized recurring revenue of $2.21 billion for Q2 2025, exceeding expectations on both revenue and earnings, indicating strong business momentum and validation of its Connect & Scale strategy [2][9] - The company raised its full-year 2025 revenue guidance to a range of $3,480 million to $3,560 million, reflecting positive performance in the first half of the year [3][9] Financial Performance - Q2 2025 revenue was $875.7 million, a 1% increase year-over-year and an 8% increase on an organic basis [9] - GAAP operating income for Q2 2025 was $127.8 million, representing 14.6% of revenue, while non-GAAP operating income was $222.6 million, or 25.4% of revenue [9] - GAAP net income was $89.2 million, with diluted earnings per share (EPS) of $0.37; non-GAAP net income was $169.4 million, with non-GAAP diluted EPS of $0.71 [9] Guidance and Expectations - For Q3 2025, Trimble expects revenue between $850 million and $890 million, with GAAP EPS projected at $0.34 to $0.43 and non-GAAP EPS at $0.67 to $0.75 [4] - The full-year 2025 guidance assumes a tax rate of 21.0% for GAAP and 17.4% for non-GAAP, with approximately 242 million shares outstanding [3][4] Segment Performance - The company reported segment revenues of $350.3 million for AECO, $392.7 million for Field Systems, and $132.7 million for T&L in Q2 2025 [15] - Operating income percentages for segments were 30.4% for AECO, 30.8% for Field Systems, and 21.6% for T&L [15] Cash Flow and Capital Management - Trimble generated $102.1 million in net cash from operating activities in the first half of 2025, with free cash flow of $89.6 million [14][28] - The company repurchased $50 million of its common stock in Q2 2025, totaling $677.4 million year-to-date [9]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Trimble Navigation (TRMB) despite lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Trimble is expected to report quarterly earnings of $0.63 per share, reflecting a year-over-year increase of +1.6%, while revenues are projected to be $836.98 million, down 3.9% from the previous year [3]. - The earnings report is scheduled for release on August 6, and better-than-expected results could lead to a stock price increase, whereas disappointing results may cause a decline [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Trimble is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.64%, suggesting a bullish outlook from analysts [12]. Earnings Surprise History - Trimble has a history of beating consensus EPS estimates, having surpassed expectations in the last four quarters, including a +3.39% surprise in the most recent quarter [13][14]. Industry Context - In comparison, Oshkosh (OSK), another player in the manufacturing sector, is expected to report earnings of $2.98 per share, indicating a year-over-year decline of -10.8%, with revenues projected at $2.65 billion, down 7% [18]. - Oshkosh's consensus EPS estimate has been revised 0.3% higher recently, but a lower Most Accurate Estimate results in a negative Earnings ESP of -0.91%, complicating predictions for an earnings beat [19].

Core Viewpoint - Trimble Navigation (TRMB) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1]. Company Performance - Trimble has a strong track record of surpassing earnings estimates, with an average surprise of 2.26% over the last two quarters [2]. - In the last reported quarter, Trimble achieved earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, resulting in a surprise of 3.39% [3]. - For the previous quarter, the company reported earnings of $0.89 per share against an expected $0.88 per share, delivering a surprise of 1.14% [3]. Earnings Estimates - Earnings estimates for Trimble have been trending upward, influenced by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +0.64%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [8]. Predictive Metrics - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]. Upcoming Events - Trimble's next earnings report is anticipated to be released on August 6, 2025 [8].

Group 1 - Regal Rexnord (RRX) and Trimble Navigation (TRMB) are both considered for investment in the Manufacturing - General Industrial sector, with a focus on identifying undervalued stocks [1] - Both companies currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - Value investors utilize various traditional metrics, including P/E ratio, P/S ratio, earnings yield, and cash flow per share, to identify undervalued companies [4] Group 2 - RRX has a forward P/E ratio of 15.93, while TRMB has a forward P/E of 29.36, suggesting RRX may be more attractively priced [5] - RRX's PEG ratio is 1.59, compared to TRMB's PEG ratio of 2.94, indicating RRX's expected earnings growth is more favorable relative to its valuation [5] - RRX has a P/B ratio of 1.62, while TRMB's P/B ratio is 3.75, further supporting RRX as the superior value option based on these valuation metrics [6]

Group 1 - Trimble will hold a conference call on August 6, 2025, at 8 a.m. ET to review its second quarter 2025 results [1] - The conference call will be broadcast live on the web, and participants can register to join [1] - Trimble is a global technology company that connects the physical and digital worlds, focusing on industries such as construction, geospatial, and transportation [2] Group 2 - The company emphasizes innovation in precise positioning, modeling, and data analytics to enhance productivity [2] - Trimble's solutions assist in building and maintaining infrastructure, designing buildings, optimizing supply chains, and mapping [2] - For more information, Trimble's website is available at www.trimble.com [2]

Core Insights - APEX Technologies has been named the newest Trimble Technology Outlet, expanding its offerings of Trimble technology to customers using John Deere construction equipment across multiple states in the central U.S. [1][2] - The partnership aims to enhance jobsite productivity and profitability by providing Trimble grade control solutions, site positioning systems, and correction services directly to customers [4][5] Company Overview - APEX Technologies is the technology division of McCoy Construction & Forestry, which specializes in sales, parts, and service for construction technology related to GPS/GNSS, machine control, and laser equipment [7] - McCoy Construction & Forestry operates as a family-owned John Deere dealer with 25 locations across the central U.S., offering new and used equipment sales, rentals, and extensive product support [8] Industry Context - Trimble's strategy includes expanding its distribution network through authorized resellers, making it easier for users of various machine types to access and utilize Trimble technology [3] - The collaboration with APEX is expected to provide superior support, including installation, service, and training, to enhance customer experience and operational efficiency [4][5]

Group 1: Partnership and Technology Integration - KT Corporation has partnered with Trimble Inc. to enhance precise positioning services in South Korea, integrating Trimble RTX Fast with KT's telecom infrastructure [1][8] - Trimble RTX Fast provides real-time centimeter-level positioning, significantly improving safety and performance in critical applications compared to traditional GPS [2][3] - The collaboration aims to support automotive OEMs in developing Advanced Driver Assistance Systems (ADAS) and Vehicle-to-Everything (V2X) applications, ensuring ASIL-certified accuracy [3][4] Group 2: KT's Strategic Initiatives - KT is transforming into an AICT company, launching a Korean AI model with Microsoft and enhancing its media business through AI innovations, resulting in a 10.2% year-over-year increase in AI/IT revenues in Q1 2025 [5][6] - The company is focusing on B2B growth by launching KT Secure Public Cloud and targeting various sectors to accelerate AI and cloud adoption [6] - KT has streamlined its operations by selling two subsidiaries and cutting low-margin businesses to concentrate on growth areas [5][6] Group 3: Market Performance - KT's stock has increased by 21.6% over the past three months, outperforming the Zacks Wireless Non-US industry, which grew by 17.5% [7]

Core Insights - Regal Rexnord (RRX) and Trimble Navigation (TRMB) are two stocks in the Manufacturing - General Industrial sector, with RRX currently presenting a better value opportunity compared to TRMB [1] Valuation Metrics - RRX has a forward P/E ratio of 15.15, while TRMB has a significantly higher forward P/E of 27.35 [5] - The PEG ratio for RRX is 1.52, indicating a more favorable valuation relative to its expected earnings growth, compared to TRMB's PEG ratio of 2.74 [5] - RRX's P/B ratio stands at 1.54, whereas TRMB's P/B ratio is 3.49, further highlighting RRX's superior valuation metrics [6] Earnings Outlook - RRX holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook due to recent revisions in earnings estimates, while TRMB has a Zacks Rank of 4 (Sell) [3][4] - The solid earnings outlook for RRX, combined with its favorable valuation metrics, positions it as the superior value option in comparison to TRMB [6]

Group 1 - Trimble and KT Corporation are collaborating to provide precise positioning services across South Korea using the Trimble RTX Fast network, targeting automotive OEMs and IoT companies [1][2] - The Trimble RTX Fast network offers real-time centimeter-level positioning, enhancing safety, performance, and productivity for connected applications [2][3] - The partnership aims to extend Trimble's existing technology coverage, which already spans over seven million square miles (18 million square kilometers) globally, to support a wide range of applications [3] Group 2 - The collaboration will enable automotive manufacturers to test and develop advanced driving applications, utilizing ASIL-certified positioning solutions tailored for vehicles with ADAS and V2X capabilities [4] - KT Corporation's extensive wired and wireless network infrastructure across various terrains in Korea will facilitate the testing and validation of automotive and IoT systems [5] - Key benefits of the combined solution include seamless integration with existing IoT infrastructure, simultaneous purchase of correction services and connectivity, and access to local expertise and support [8]