Trimble(TRMB)2025-05-07 11:03Revenue 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].