Trimble Q4 Earnings & Revenues Surpass Estimates, Increase Y/Y

Core Insights - Trimble (TRMB) reported non-GAAP earnings of 89 cents per share for Q4 2024, exceeding the Zacks Consensus Estimate by 1.14% and reflecting a 41.3% year-over-year increase [1] - Revenues reached $983.4 million, surpassing the Zacks Consensus Estimate by 4.18$2.26 billion, a 14% increase year-over-year, indicating strong growth potential [3] Financial Performance - The non-GAAP gross margin for Q4 2024 was 71.7%, an expansion of 640 basis points year-over-year [7] - Operating expenses accounted for 42.9% of total revenues, up 180 basis points year-over-year, while the non-GAAP operating margin expanded to 28.8%, a 450 basis point increase [7] - Cash and cash equivalents at the end of Q4 2024 were $738.8 million, down from$1,036.9 million in Q3 2024, while total debt decreased to $1.39 billion from$1.79 billion [8] Segment Performance - The AECO segment, which represents 42.1% of total revenues, reported revenues of $413.8 million, up 43.3$362.8 million, but achieved 21% ARR growth [6] - Transportation and Logistics revenues increased by 7.9% year-over-year to $206.8 million, with 8$794 million and $824 million, and adjusted revenues between$774 million and $804 million [10] - The company anticipates non-GAAP earnings per share between 55 cents and 61 cents for Q1 2025, with ARR expected to grow 12-14$3.37 billion and $3.47 billion, with non-GAAP earnings expected between$2.76 and $2.98 per share [12]