Trimble Doubled Down on Capital Returns in December With a New $1B Repurchase Plan

Core Viewpoint - Trimble Inc. has announced a new share repurchase authorization of up to $1.0 billion, reflecting its commitment to optimizing capital allocation and returning value to shareholders [1][2][3]. Group 1: Share Repurchase Program - The new share repurchase program replaces the previous $1.0 billion authorization, with approximately $273 million remaining unused at the end of Q3 FY25 [1]. - The repurchases may be conducted through various methods, including open-market transactions and block trades, with no expiration date on the new authorization [2]. Group 2: Financial Performance - In Q3 FY25, Trimble reported $957 million in revenue, an 8% increase year-over-year, with adjusted EPS of $0.67 and $167 million in free cash flow [3]. - Management emphasized strong recurring revenue momentum and an increased software mix, which supports the company's long-term strategy [3]. Group 3: Company Overview - Trimble Inc. provides technology solutions for industries such as construction, agriculture, transportation, and logistics, focusing on positioning, modeling, connectivity, and data analytics [4].