Trimble (TRMB) delivered first-quarter 2024 non-GAAP earnings of 64 cents per share, which surpassed the Zacks Consensus Estimate by 8.47% but decreased 11.1% on a year-over-year basis.Revenues of $953.3 million beat the Zacks Consensus Estimate by 2.29% and increased 4.1% year over year.Product revenues (accounted for 38.5% of total revenues) totaled $367.1 million, down 15.5% on a year-over-year basis. Subscription and services revenues (61.5% of total revenues) increased 22% year over year to $586.2 mill ...

Operator Phil Sawarynski Okay. And then, can I separately on the ARR, nice acceleration in performance in the quarter, really across the segments. As we think about what the Transporeon rolling into the mix will look like and it feels like you're looking for an acceleration based on about looking side 15 [ph] across the segments, putting the pieces together across the total company. Could we see ARR accelerating on an organic basis in the mid to high teams from an exit rate standpoint, beyond the full year ...

WESTMINSTER, Colo., May 3, 2024 - Trimble Inc. (NASDAQ: TRMB) today announced financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights Executive Quote "We had a strong start to the year, delivering record annualized recurring revenue of $2.03 billion and record first quarter gross margin. And on April 1, we closed our agriculture joint venture with AGCO," said Rob Painter, Trimble's president and chief executive officer. "With our new reporting segment and organization struct ...

Analysts on Wall Street project that Trimble Navigation (TRMB) will announce quarterly earnings of $0.59 per share in its forthcoming report, representing a decline of 18.1% year over year. Revenues are projected to reach $921.15 million, increasing 0.6% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Be ...

ULM, Germany, April 29, 2024 /PRNewswire/ -- Transporeon, a Trimble Company, has released "The 2024 Green Freight Report: Is Transportation on Track?" The report covers the road freight sector's decarbonization efforts and priorities as an information source for scenario planning, decarbonization strategies, target setting and action planning. Transporeon, a Trimble Company, has released “The 2024 Green Freight Report: Is Transportation on Track?” The report covers the road freight sector’s decarbonizati ...

Trimble (TRMB) is strengthening its presence in the forestry sector driven by an expanding clientele. It recently announced that Holmen, a prominent player in the Swedish forestry industry, selected CONNECTED FOREST as its comprehensive forest management system.The selection marks a move for Holmen Skog, the division responsible for monitoring Holmen’s vast land holdings spanning approximately 1.3 million hectares. It became the first entity in Sweden and Scandinavia to integrate the Trimble CONNECTED FORES ...

As one of the largest forest owners in Sweden, Holmen is committed to become more data-driven in its forestry operations WESTMINSTER, Colo., April 16, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that Holmen, a leading Swedish forestry company, has selected Trimble CONNECTED FOREST® as its new, comprehensive forest management system for Holmen Skog. ForestX, Trimble's service partner in Sweden, will implement the digital transformation project. Holmen Skog, responsible for managing and develo ...

WESTMINSTER, Colo., April 12, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it will change the reporting of its segment financial results to better reflect the Company's organizational structure and business models. Starting with first quarter 2024 results, Trimble will report revenue and operating income based on three operating segments as follows: Architects, Engineers, Construction and Owners ("AECO"). This segment primarily provides software solutions, which sell through a direct ch ...

Certification by Texas Department of Information Resources Ensures Trimble's Cloud Solutions Meet Rigorous Data Security Standards for Texas State Agencies Managing Infrastructure  WESTMINSTER, Colo., March 14, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today two of its cloud software solutions that support asset lifecycle management have received a Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). The two Trimble solutions ...

It has been about a month since the last earnings report for Trimble Navigation (TRMB) . Shares have added about 13.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Trimble due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Trimble Q4 Earnings Beat Estimates, Reven ...