US Market News
1月前
Trimble Announces First Quarter 2026 ResultsMay 6, 2026 6:55 AM
PR Newswire (US) Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord first quarter gross margins and operating income marginsFirst quarter results exceeded expectationsShare repurchases of $317 millionRaising full year 2026 guidanceWESTMINSTER, Colo., May 6, 2026 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2026.First Quarter 2026 Financial HighlightsRevenue of $939.9 million, up 12 percent on a year-over-year basis, up 12 percent on an organic basisAnnualized recurring revenue ("ARR") was $2.43 billion, up 12 percent year-over-year, up 12 percent on an organic basisGAAP operating income was $144.0 million, 15.3 percent of revenue, and non-GAAP operating income was $243.2 million, 25.9 percent of revenueGAAP net income was $98.9 million and non-GAAP net income was $186.9 millionDiluted earnings per share ("EPS") was $0.42 on a GAAP basis and $0.79 on a non-GAAP basisAdjusted EBITDA was $257.7 million, 27.4 percent of revenueDuring the first quarter, Trimble repurchased approximately 4.7 million shares for $316.9 millionExecutive Quote"We began the year with strong momentum, delivering record annualized recurring revenue of $2.435 billion in the first quarter, and surpassing expectations on both top and bottom lines," said Rob Painter, president and CEO of Trimble. "Our Connect & Scale strategy connects people, data, workflow and ecosystems. In an AI-forward world, Trimble is the intelligence and execution layer that reconciles the digital model with physical reality."Forward-Looking GuidanceFor the full-year 2026, Trimble expects to report revenue between $3,835 million and $3,915 million, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 235 million shares outstanding.For the second quarter of 2026, Trimble expects to report revenue between $938 million and $963 million, GAAP earnings per share of $0.38 to $0.42, and non-GAAP earnings per share of $0.78 to $0.82. GAAP guidance assumes a tax rate of 23.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 234 million shares outstanding.A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.Investor Conference Call / Webcast DetailsTrimble will hold a conference call on May 6, 2026 at 8:00 a.m. ET to review its first quarter of 2026 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://investor.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/544327873?pwd=s5ilhwSm. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.About TrimbleTrimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.Safe Harbor Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships, including with Platform Science. The Company's results could also be negatively impacted due to the general global macroeconomic outlook, including heightened trade tensions and related uncertainty of tariffs (including certain tariff refunds) and export control restrictions between the U.S. and its trading partners, and associated supply chain disruptions, slowing growth, inflationary pressures, and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels; adverse geopolitical tensions and the ongoing impact of volatility and conflict in the political and economic environment, including the Middle East conflict, and the direct and indirect impact on our business; fluctuations in foreign currency exchange rates; the pace that we transition our business model towards a subscription model; the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures; and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.FTRMBCONDENSED CONSOLIDATED STATEMENTS OF INCOME(In millions, except per share data)(Unaudited)
First Quarter of
2026
2025Revenue:
Product$ 311.2
$ 271.6Subscription and services628.7
569.0Total revenue939.9
840.6Cost of sales:
Product158.2
143.7Subscription and services119.3
119.7Amortization of purchased intangible assets16.1
16.4Total cost of sales293.6
279.8Gross margin646.3
560.8Gross margin (%)68.8 %
66.7 %Operating expense:
Research and development169.5
158.5Sales and marketing176.1
153.2General and administrative126.7
121.5Restructuring2.9
4.5Amortization of purchased intangible assets27.1
25.6Total operating expense502.3
463.3Operating income 144.0
97.5Non-operating (expense) income, net:
Interest expense, net(19.5)
(15.6)Income from equity method investments, net0.8
1.0Other income, net6.0
3.5Total non-operating expense, net(12.7)
(11.1)Income before taxes131.3
86.4Income tax provision 32.4
19.7Net income$ 98.9
$ 66.7Earnings per share:
Basic$ 0.42
$ 0.27Diluted$ 0.42
$ 0.27Shares used in calculating earnings per share:
Basic234.5
243.3Diluted236.9
246.2 CONDENSED CONSOLIDATED BALANCE SHEETS(In millions)(Unaudited)
As of
First Quarter of
Year End
2026
2025Assets
Current assets:
Cash and cash equivalents$ 234.1
$ 253.4Accounts receivable, net617.5
856.0Inventories188.0
186.3Prepaid expenses122.8
102.7Other current assets230.3
233.5Total current assets1,392.7
1,631.9Property and equipment, net180.8
182.8Goodwill5,213.6
5,239.7Other purchased intangible assets, net872.1
924.1Deferred income tax assets256.4
260.0Equity investments616.8
610.8Other non-current assets458.6
462.7Total assets$ 8,991.0
$ 9,312.0Liabilities and Stockholders' Equity
Current liabilities:
Short-term debt$ 10.3
$ —Accounts payable175.7
168.3Accrued compensation and benefits125.4
211.7Deferred revenue863.2
894.0Income taxes payable15.5
17.7Other current liabilities183.6
211.7Total current liabilities1,373.7
1,503.4Long-term debt1,402.5
1,392.2Deferred revenue, non-current107.5
104.7Deferred income tax liabilities189.1
190.5Other non-current liabilities281.0
285.0Total liabilities3,353.8
3,475.8Stockholders' equity:
Common stock0.2
0.2Additional paid-in-capital2,448.6
2,437.9Retained earnings3,217.2
3,387.6Accumulated other comprehensive (loss) income(28.8)
10.5Total stockholders' equity5,637.2
5,836.2Total liabilities and stockholders' equity$ 8,991.0
$ 9,312.0 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)
First Quarter of
2026
2025Cash flow from operating activities:
Net income$ 98.9
$ 66.7Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization49.9
48.9Deferred income taxes4.3
(26.7)Stock-based compensation41.8
38.4Other, net(2.3)
4.0(Increase) decrease in assets:
Accounts receivable, net234.1
206.1Inventories(0.8)
3.4Other current and non-current assets(17.0)
35.8Increase (decrease) in liabilities:
Accounts payable8.4
(1.4)Accrued compensation and benefits(85.4)
(120.1)Deferred revenue(26.2)
(13.5)Income taxes payable(2.3)
(50.2)Other current and non-current liabilities(28.7)
(35.8)Net cash provided by operating activities274.7
155.6Cash flow from investing activities:
Divestitures of businesses, net of cash divested—
(7.3)Purchases of property and equipment(6.1)
(6.6)Other, net1.0
(0.6)Net cash used in investing activities(5.1)
(14.5)Cash flow from financing activities:
Issuance of common stock, net of tax withholdings16.7
16.3Repurchases of common stock(322.8)
(627.4)Proceeds from debt and revolving credit lines167.2
114.7Payments on debt and revolving credit lines(147.0)
(114.7)Net cash used in financing activities(285.9)
(611.1)Effect of exchange rate changes on cash and cash equivalents(3.0)
12.2Net decrease in cash and cash equivalents(19.3)
(457.8)Cash and cash equivalents - beginning of period (1)253.4
747.8Cash and cash equivalents - end of period$ 234.1
$ 290.0
Supplemental cash flow disclosure:
Cash paid for income taxes, net$ 11.4
$ 48.3
(1) Includes $9.0 million of cash and cash equivalents classified as held for sale as of January 3, 2025. REPORTING SEGMENTS(In millions)(Unaudited)
Reportable Segments
AECO
Field Systems
T&LFirst Quarter of 2026
Segment revenue
$ 391.1
$ 409.2
$ 139.6Cost of sales
62.7
175.0
34.4Operating expense
205.3
116.2
71.4Operating income
$ 123.1
$ 118.0
$ 33.8Operating income %
31.5 %
28.8 %
24.2 %
First Quarter of 2025
Segment revenue
$ 335.4
$ 359.2
$ 146.0Cost of sales
58.9
154.2
44.6Operating expense
184.9
98.4
75.3Operating income
$ 91.6
$ 106.6
$ 26.1Operating income %
27.3 %
29.7 %
17.9 %
GAAP TO NON-GAAP RECONCILIATION(Dollars in millions, except per share data)(Unaudited)
First Quarter of
2026
2025
Dollar
Amount% of
Revenue
Dollar
Amount% of
RevenueREVENUE:
GAAP revenue:
$ 939.9
$ 840.6
GROSS MARGIN:
GAAP gross margin:
$ 646.368.8 %
$ 560.866.7 %
Amortization of purchased intangible assets(A)
16.1
16.4
Stock-based compensation / deferred compensation(C)
4.2
4.3
Restructuring and other costs(D)
0.3
0.2
Non-GAAP gross margin:
$ 666.971.0 %
$ 581.769.2 %
OPERATING EXPENSES:
GAAP operating expenses:
$ 502.353.4 %
$ 463.355.1 %
Amortization of purchased intangible assets(A)
(27.1)
(25.6)
Acquisition / divestiture items(B)
(5.9)
(8.9)
Stock-based compensation / deferred compensation(C)
(39.5)
(33.2)
Restructuring and other costs(D)
(6.1)
(12.1)
Non-GAAP operating expenses:
$ 423.745.1 %
$ 383.545.6 %
OPERATING INCOME:
GAAP operating income:
$ 144.015.3 %
$ 97.511.6 %
Amortization of purchased intangible assets(A)
43.2
42.0
Acquisition / divestiture items(B)
5.9
8.9
Stock-based compensation / deferred compensation(C)
43.7
37.5
Restructuring and other costs(D)
6.4
12.3
Non-GAAP operating income:
$ 243.225.9 %
$ 198.223.6 %
NON-OPERATING EXPENSE, NET:
GAAP non-operating expense, net:
$ (12.7)
$ (11.1)
Acquisition / divestiture items(B)
(4.1)
(5.3)
Deferred compensation(C)
(2.0)
0.9
Restructuring and other costs(D)
1.9
0.1
Non-GAAP non-operating expense, net:
$ (16.9)
$ (15.4)
Tax Rate %
Tax Rate %
(F)
(F)INCOME TAX PROVISION:
GAAP income tax provision:
$ 32.424.7 %
$ 19.722.8 %
Non-GAAP items tax effected(E)
7.0
11.7
Non-GAAP income tax provision:
$ 39.417.4 %
$ 31.417.2 %
NET INCOME:
GAAP net income:
$ 98.9
$ 66.7
Amortization of purchased intangible assets(A)
43.2
42.0
Acquisition / divestiture items(B)
1.8
3.6
Stock-based compensation(C)
41.7
38.4
Restructuring and other costs(D)
8.3
12.4
Non-GAAP tax adjustments(E)
(7.0)
(11.7)
Non-GAAP net income:
$ 186.9
$ 151.4
DILUTED NET INCOME PER SHARE:
GAAP diluted net income per share:
$ 0.42
$ 0.27
Amortization of purchased intangible assets(A)
0.18
0.17
Acquisition / divestiture items(B)
0.01
0.01
Stock-based compensation(C)
0.18
0.16
Restructuring and other costs(D)
0.03
0.05
Non-GAAP tax adjustments(E)
(0.03)
(0.05)
Non-GAAP diluted net income per share:
$ 0.79
$ 0.61
ADJUSTED EBITDA:
GAAP operating income:
$ 144.015.3 %
$ 97.511.6 %
Amortization of purchased intangible assets(A)
43.2
42.0
Acquisition / divestiture items(B)
5.9
8.9
Stock-based compensation / deferred compensation(C)
43.7
37.5
Restructuring and other costs(D)
6.4
12.3
Non-GAAP operating income:
243.225.9 %
198.223.6 %
Depreciation expense and cloud computing amortization
11.8
12.0
Income from equity method investments, net
2.7
1.9
Adjusted EBITDA:
$ 257.727.4 %
$ 212.125.2 %
First Quarter of
2026
2025FREE CASH FLOW:
Net cash provided by operating activities
$ 274.7
$ 155.6
Capital expenditures
6.1
6.6
Free cash flow
$ 268.6
$ 149.0
Second Quarter of 2026
Year 2026
Low EndHigh End
Low EndHigh EndFORECASTED DILUTED NET INCOME PER SHARE:
Forecasted GAAP diluted net income per share:
$ 0.38$ 0.42
$ 2.05$ 2.21
Amortization of purchased intangible assets(A)
0.180.18
0.720.72
Acquisition / divestiture items(B)
0.060.06
0.090.09
Stock-based compensation(C)
0.180.18
0.670.67
Restructuring and other costs(D)
0.030.03
0.130.13
Non-GAAP tax adjustments(E)
(0.05)(0.05)
(0.19)(0.18)
Forecasted non-GAAP diluted net income per share:
$ 0.78$ 0.82
$ 3.47$ 3.64FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATIONThis press release includes GAAP financial measures as well as non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP measures. We believe non-GAAP financial measures provide useful information to investors and others in understanding our "core operating performance", which excludes (i) the effect of non-cash items and certain variable charges not expected to recur and (ii) transactions that are not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.The non-GAAP definitions and explanations to the adjustments to comparable GAAP measures are included below:Non-GAAP DefinitionsNon-GAAP gross marginWe define Non-GAAP gross margin as GAAP gross margin, excluding the effects of amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.Non-GAAP operating expensesWe define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.Non-GAAP operating incomeWe define Non-GAAP operating income as GAAP operating income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.Non-GAAP non-operating expense, netWe define Non-GAAP non-operating expense, net as GAAP non-operating (expense) income, net, excluding acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.Non-GAAP income tax provisionWe define non-GAAP income tax provision as the GAAP income tax provision adjusted for the tax effects of the non-GAAP pre-tax adjustments (A) through (D), excluding certain tax charges and benefits such as net deferred tax impacts resulting from tax amortization related to a non-U.S. intercompany transfer of intellectual property and certain acquisitions, deferred tax impacts from net controlled foreign corporation tested income ("net CFC tested income", formerly referred to as global intangible low-taxed income or "GILTI"), significant reserve releases upon the expiration of statute of limitations and audit closures, and tax law changes. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation.Non-GAAP net incomeWe define Non-GAAP net income as GAAP net income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.Non-GAAP diluted net income per shareWe define Non-GAAP diluted net income per share as GAAP diluted net income per share, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the Company.Adjusted EBITDAWe define Adjusted EBITDA as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, excluding our proportionate share of items such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation, amortization of purchased intangibles and cloud computing costs, and income from equity method investments, net.Free Cash FlowWe define free cash flow as cash flow from operating activities minus capital expenditures. We believe this measure is important to investors evaluating our generation of cash flow.Explanations of Non-GAAP adjustments(A) Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.
(B) Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude costs consisting of external and incremental costs resulting directly from acquisitions, divestitures, and strategic investment activities such as legal, due diligence, integration, and other costs, including the acceleration of acquisition stock awards and adjustments to the fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes one-time acquisition/divestiture charges, including foreign currency exchange rate gains/losses related to an acquisition, divestiture gains/losses, and strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not indicative of our core operating performance.
(C) Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-based compensation and income or expense associated with movement in our non-qualified deferred compensation plan liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the income or expense in the plan liabilities.
(D) Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring costs composed of termination benefits related to reductions in employee headcount, closure or exit of facilities, and cancellation of certain contracts, and other costs composed of one-time incremental expenses resulting from the re-audit and related remediation of control deficiencies. Non-GAAP non-operating expense net, excludes our proportionate share of items recorded in income from equity method investment items, such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs.
(E) Non-GAAP items tax effected. This amount represents the income tax effect of non-GAAP pre-tax adjustments, excluding certain tax charges and benefits, which reconcile the GAAP income tax provision to the non-GAAP income tax provision.
(F) Tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes. OTHER KEY METRICSAnnualized Recurring Revenue In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue. ARR is calculated by taking our subscription and maintenance and support revenue for the current quarter and adding the portion of the contract value of all our term licenses attributable to the current quarter, then dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.Organic Annualized Recurring RevenueOrganic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months.Organic RevenueOrganic revenue refers to revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months. View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-announces-first-quarter-2026-results-302763530.htmlSOURCE Trimble Original: Trimble Announces First Quarter 2026 Results
US Market News
2月前
Trimble to Acquire Document Crunch to Add AI-Powered Risk Management and Document Compliance to Trimble Construction One Project Delivery EcosystemApril 2, 2026 6:30 AM
PR Newswire (US)
Acquisition to help customers identify and neutralize project risks such as payment disputes and notification failuresWESTMINSTER, Colo., April 2, 2026 /PRNewswire/ -- Trimble (Nasdaq: TRMB) announced today it has signed an agreement to acquire Document Crunch, a leader in construction-specific AI document analysis and risk management across the project lifecycle. The acquisition will allow Trimble to incorporate document intelligence and compliance automation across the Trimble® Construction ecosystem, enhancing existing workflows in project management and construction ERP systems. Financial terms were not disclosed.
Document Crunch's purpose-built AI for construction addresses critical pain points that can directly impact profitability for contractors, such as critical risk provisions, payment disputes, specification non-compliance and notification failures. The addition of Document Crunch further complements Trimble's focus on solving discrete, high-value business problems for customers within the industries it serves."Success in construction relies on the ability of every stakeholder to understand and mitigate risk in real-time," said Mark Schwartz, senior vice president of AECO software at Trimble. "Document Crunch will provide a 'contractual rule set' to serve as the intelligent DNA for the entire Trimble Construction One (TC1) suite, automatically pushing critical obligations, compliance requirements and payment terms into Trimble's robust project delivery ecosystem."Solving high-value pain points
Document Crunch serves general contractors and subcontractors, along with a growing base of designers, owners and insurance carriers, and other users with an interest in reducing risk in construction. The acquisition brings proven market validation (having been deployed on 10,000+ projects), industry leadership, and a seasoned AI engineering team directly into Trimble to drive immediate ROI for customers by:Preventing Costly Errors: Catching invoice payment term mismatches as well as broader contract, compliance and scope risks before they escalate into disputes.Reducing Administrative Burden: Streamlining the review and generation of critical documentation, such as risk reviews, project playbooks and delay notifications.Infusing Intelligence: Providing a contractual rule set that can push obligations and compliance requirements directly into project management and ERP workflows."The construction industry is at a tipping point for AI adoption and our focus on risk reduction and automated compliance has positioned us to lead this next phase for the industry," said Josh Levy, co-founder and CEO of Document Crunch. "We're excited to build upon the strategic foundation of Trimble to help customers unlock new dimensions of value from data that resides across the construction lifecycle. Joining Trimble allows us to scale our vision and evolve to a core component of a widely comprehensive construction platform."Document Crunch will be reported as part of Trimble's AECO segment. The transaction is not expected to have a material impact on 2026 financial guidance. The transaction is expected to close in the second quarter of 2026.Availability
As a component of the Trimble Ventures portfolio and current Trimble Marketplace partner, Document Crunch already integrates with Trimble ProjectSight® project management software to help users anticipate, understand, manage and mitigate contractual risks throughout the project lifecycle.Document Crunch's risk reduction platform is currently available for North American civil and building contractors: https://www.documentcrunch.com. Integrations within the Trimble Construction ecosystem are planned as part of the future product roadmap.About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.Forward-Looking Statements
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including but not limited to the timing of the acquisition closing; plans to incorporate and scale Document Crunch solutions across the Trimble Construction ecosystem; and the development of Document Crunch as a core component of a comprehensive construction platform. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition, including Trimble's ability to integrate Document Crunch, and provide valuable, compelling offerings to customers, (ii) risks inherent in the use of artificial intelligence, including errors and hallucinations; and (iii) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward-looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.FTRMB
View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-to-acquire-document-crunch-to-add-ai-powered-risk-management-and-document-compliance-to-trimble-construction-one-project-delivery-ecosystem-302731851.htmlSOURCE Trimble
Original: Trimble to Acquire Document Crunch to Add AI-Powered Risk Management and Document Compliance to Trimble Construction One Project Delivery Ecosystem
US Market News
4月前
Trimble Announces Fourth Quarter and Full Year 2025 Results and Initiates 2026 GuidanceFebruary 10, 2026 6:55 AM
PR Newswire (US)
Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord fourth quarter and full year gross margins and operating income marginsFourth quarter results exceeded expectationsEstablishing full year 2026 guidanceWESTMINSTER, Colo., Feb. 10, 2026 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the fourth quarter and full year 2025.Fourth Quarter 2025 Financial HighlightsRevenue of $969.8 million, down 1 percent on a year-over-year basis, up 4 percent on an organic basisAnnualized recurring revenue ("ARR") was $2.39 billion, up 6 percent year-over-year, up 14% on an organic basisGAAP operating income was $216.2 million, 22.3 percent of revenue, and non-GAAP operating income was $313.1 million, 32.3 percent of revenueGAAP net income was $156.6 million and non-GAAP net income was $240.8 millionDiluted earnings per share ("EPS") was $0.65 on a GAAP basis and $1.00 on a non-GAAP basisAdjusted EBITDA was $324.8 million, 33.5 percent of revenueDuring the fourth quarter, Trimble repurchased approximately 1.9 million shares for $148.1 millionExecutive Quote"Our fourth quarter results surpassed expectations on both top and bottom lines, punctuating a strong close to 2025 and positioning us well to deliver on our 2027 financial targets," said Rob Painter, president and CEO of Trimble. "For the year, the Trimble team delivered record annualized recurring revenue of $2.39 billion, record fourth quarter revenue of $970 million, with record levels of gross margin and operating margin profitability. We thank all of our Trimble colleagues for their dedication and hard work in 2025, and we look forward to further executing and progressing Connect & Scale in 2026 and beyond."Fiscal 2025 Financial HighlightsRevenue of $3,587.3 million, down 3 percent on a year-over-year basis, up 6 percent on an organic basisGAAP operating income was $592.0 million, 16.5 percent of revenue, and non-GAAP operating income was $988.1 million, 27.5 percent of revenueGAAP net income was $424.0 million and non-GAAP net income was $756.3 millionDiluted EPS was $1.76 on a GAAP basis, and $3.13 on a non-GAAP basisAdjusted EBITDA was $1,046.2 million, 29.2 percent of revenueDuring fiscal 2025, Trimble repurchased approximately 12.2 million shares for $875.4 million.Forward-Looking GuidanceFor the full-year 2026, Trimble expects to report revenue between $3,810 million and $3,910 million, GAAP earnings per share of $2.04 to $2.23, and non-GAAP earnings per share of $3.42 to $3.62. GAAP guidance assumes a tax rate of 22.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 239 million shares outstanding.For the first quarter of 2026, Trimble expects to report revenue between $893 million and $918 million, GAAP earnings per share of $0.32 to $0.36, and non-GAAP earnings per share of $0.69 to $0.74. GAAP guidance assumes a tax rate of 25.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 239 million shares outstanding.A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.Investor Conference Call / Webcast DetailsTrimble will hold a conference call on February 10, 2026 at 8:00 a.m. ET to review its fourth quarter and full year 2025 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://www.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/345704027?pwd=d%23tLa2%3C%3D. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.About TrimbleTrimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.Safe Harbor Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results and expectations regarding the execution, impact and potential of the Connect and Scale strategy. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships, including with AGCO and Platform Science. The Company's results could also be negatively impacted due to weakness and deterioration in the U.S. and global macroeconomic outlook, including heightened trade tensions and related imposition of tariffs and export control restrictions between the U.S. and its trading partners; supply chain shortages and disruptions; slowing growth, inflationary pressures and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels, adverse geopolitical tensions and volatility and conflict in the political and economic environment and the direct and indirect impact on our business, fluctuations in foreign currency exchange rates; the pace we transition our business model towards a subscription model, the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures, and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.FTRMB CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
Fourth Quarter of
Year of
2025
2024
2025
2024Revenue:
Product$ 268.3
$ 288.9
$ 1,135.2
$ 1,284.0Subscription and services701.5
694.5
2,452.1
2,399.3Total revenue969.8
983.4
3,587.3
3,683.3Cost of sales:
Product139.5
153.6
576.5
698.3Subscription and services115.9
130.0
467.7
495.4Amortization of purchased intangible
assets16.3
18.6
65.2
93.3Total cost of sales271.7
302.2
1,109.4
1,287.0Gross margin698.1
681.2
2,477.9
2,396.3Gross margin (%)72.0 %
69.3 %
69.1 %
65.1 %Operating expense:
Research and development156.0
175.0
630.7
662.3Sales and marketing175.6
167.4
646.0
603.8General and administrative126.5
137.5
483.1
547.9Restructuring(3.4)
1.8
19.3
15.9Amortization of purchased intangible
assets27.2
26.0
106.8
105.7Total operating expense481.9
507.7
1,885.9
1,935.6Operating income 216.2
173.5
592.0
460.7Non-operating (expense) income, net:
Divestitures (loss) gain, net(1.2)
(7.1)
3.0
1,687.9Interest expense, net(18.7)
(13.3)
(74.4)
(90.7)Loss from equity method investments,
net(3.0)
(57.4)
(0.2)
(48.1)Other (loss) income, net(8.7)
2.1
(11.0)
(3.9)Total non-operating (expense)
income, net(31.6)
(75.7)
(82.6)
1,545.2Income before taxes184.6
97.8
509.4
2,005.9Income tax provision 28.0
7.6
85.4
501.5Net income$ 156.6
$ 90.2
$ 424.0
$ 1,504.4Earnings per share:
Basic$ 0.66
$ 0.37
$ 1.77
$ 6.13Diluted$ 0.65
$ 0.36
$ 1.76
$ 6.09Shares used in calculating earnings per share:
Basic237.4
245.9
239.2
245.5Diluted239.8
248.2
241.5
247.2 CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)At the End of Year2025
2024Assets
Current assets:
Cash and cash equivalents$ 253.4
$ 738.8Accounts receivable, net856.0
725.8Inventories186.3
194.3Prepaid expenses102.7
103.3Other current assets233.5
196.2Assets held for sale—
312.0Total current assets1,631.9
2,270.4Property and equipment, net182.8
188.4Goodwill5,239.7
4,988.4Other purchased intangible assets, net924.1
998.1Deferred income tax assets260.0
294.4Equity investments610.8
361.0Other non-current assets462.7
387.6Total assets$ 9,312.0
$ 9,488.3Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$ 168.3
$ 161.6Accrued compensation and benefits211.7
227.2Deferred revenue894.0
800.4Income taxes payable17.7
325.0Other current liabilities211.7
211.2Liabilities held for sale—
62.6Total current liabilities1,503.4
1,788.0Long-term debt1,392.2
1,390.6Deferred revenue, non-current104.7
95.6Deferred income tax liabilities190.5
199.9Other non-current liabilities285.0
268.9Total liabilities3,475.8
3,743.0Stockholders' equity:
Common stock0.2
0.2Additional paid-in-capital2,437.9
2,369.4Retained earnings3,387.6
3,757.6Accumulated other comprehensive income (loss)10.5
(381.9)Total stockholders' equity5,836.2
5,745.3Total liabilities and stockholders' equity$ 9,312.0
$ 9,488.3 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Year of
2025
2024Cash flow from operating activities:
Net income$ 424.0
$ 1,504.4Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization199.9
232.0Deferred income taxes2.3
27.0Stock-based compensation146.5
158.6Divestitures gain, net(3.0)
(1,687.9)Other, net88.5
93.9(Increase) decrease in assets:
Accounts receivable, net(119.9)
(135.1)Inventories4.9
11.0Other current and non-current assets(72.9)
(116.3)Increase (decrease) in liabilities:
Accounts payable(5.4)
5.7Accrued compensation and benefits(22.5)
56.5Deferred revenue85.7
168.5Income taxes payable(311.2)
265.6Other current and non-current liabilities(30.7)
(52.5)Net cash provided by operating activities386.2
531.4Cash flow from investing activities:
Divestiture of businesses, net of cash divested(4.4)
1,923.4Acquisitions of businesses, net of cash acquired(4.4)
(22.0)Purchases of property and equipment(25.3)
(33.6)Other, net(2.9)
(6.7)Net cash (used in) provided by investing activities(37.0)
1,861.1Cash flow from financing activities:
Issuance of common stock, net of tax withholdings0.6
(6.5)Repurchases of common stock(863.4)
(175.0)Proceeds from debt and revolving credit lines577.2
521.2Payments on debt and revolving credit lines(577.2)
(2,199.4)Other, net(5.6)
(4.5)Net cash (used in) financing activities(868.4)
(1,864.2)Effect of exchange rate changes on cash and cash equivalents24.8
(19.4)Net (decrease) increase in cash and cash equivalents(494.4)
508.9Cash and cash equivalents - beginning of period (1)747.8
238.9Cash and cash equivalents - end of period (1)$ 253.4
$ 747.8
Supplemental cash flow disclosure:
Cash paid for income taxes, excluding tax for the Ag divestiture$ 150.1
$ 106.1Cash tax paid for the Ag divestiture277.4
122.0
(1) Includes $9.0 million and $9.1 million of cash and cash equivalents classified as held for sale as of January 3, 2025 and
December 29, 2023. REPORTING SEGMENTS
(In millions)
(Unaudited)
Reportable Segments
AECO
Field Systems
T&LFourth Quarter of 2025
Segment revenue
$ 454.4
$ 378.9
$ 136.5Cost of sales
57.8
153.2
34.7Operating expense
196.4
111.9
70.6Operating income
$ 200.2
$ 113.8
$ 31.2Operating income %
44.1 %
30.0 %
22.9 %
Fourth Quarter of 2024
Segment revenue
$ 413.8
$ 362.8
$ 206.8Cost of sales
57.9
147.2
71.2Operating expense
187.1
105.4
93.7Operating income
$ 168.8
$ 110.2
$ 41.9Operating income %
40.8 %
30.4 %
20.3 %
Reportable Segments
AECO
Field Systems
T&LYear of 2025
Segment revenue
$ 1,498.6
$ 1,539.5
$ 549.2Cost of sales
235.1
636.7
145.2Operating expense
751.4
424.7
283.5Operating income
$ 512.1
$ 478.1
$ 120.5Operating income %
34.2 %
31.1 %
21.9 %
Year of 2024
Segment revenue
$ 1,358.6
$ 1,535.9
$ 788.8Cost of sales
220.4
666.3
280.2Operating expense
674.6
427.6
353.5Operating income
$ 463.6
$ 442.0
$ 155.1Operating income %
34.1 %
28.8 %
19.7 %
GAAP TO NON-GAAP RECONCILIATION
(Dollars in millions, except per share data)
(Unaudited)
Fourth Quarter of
Year of
2025
2024
2025
2024
Dollar
Amount% of
Revenue
Dollar
Amount% of
Revenue
Dollar
Amount% of
Revenue
Dollar
Amount% of
RevenueREVENUE:
GAAP revenue:
$ 969.8
$ 983.4
$ 3,587.3
$ 3,683.3
GROSS MARGIN:
GAAP gross margin:
$ 698.172.0 %
$ 681.269.3 %
$ 2,477.969.1 %
$ 2,396.365.1 %
Amortization of purchased intangible assets(A)
16.3
18.6
65.2
93.3
Stock-based compensation / deferred
compensation(C)
3.5
4.7
15.7
17.4
Restructuring and other costs(D)
5.4
0.7
6.8
3.6
Non-GAAP gross margin:
$ 723.374.6 %
$ 705.271.7 %
$ 2,565.671.5 %
$ 2,510.668.2 %
OPERATING EXPENSES:
GAAP operating expenses:
$ 481.949.7 %
$ 507.751.6 %
$ 1,885.952.6 %
$ 1,935.652.6 %
Amortization of purchased intangible assets(A)
(27.2)
(26.0)
(106.8)
(105.7)
Acquisition / divestiture items(B)
(6.2)
(6.4)
(19.1)
(81.6)
Stock-based compensation / deferred
compensation(C)
(33.1)
(43.8)
(135.8)
(146.1)
Restructuring and other costs(D)
(5.2)
(9.9)
(46.7)
(28.8)
Non-GAAP operating expenses:
$ 410.242.3 %
$ 421.642.9 %
$ 1,577.544.0 %
$ 1,573.442.7 %
OPERATING INCOME:
GAAP operating income:
$ 216.222.3 %
$ 173.517.6 %
$ 592.016.5 %
$ 460.712.5 %
Amortization of purchased intangible assets(A)
43.5
44.6
172.0
199.0
Acquisition / divestiture items(B)
6.2
6.4
19.1
81.6
Stock-based compensation / deferred
compensation(C)
36.6
48.5
151.5
163.5
Restructuring and other costs(D)
10.6
10.6
53.5
32.4
Non-GAAP operating income:
$ 313.132.3 %
$ 283.628.8 %
$ 988.127.5 %
$ 937.225.4 %
NON-OPERATING EXPENSE, NET:
GAAP non-operating (expense) income, net:
$ (31.6)
$ (75.7)
$ (82.6)
$ 1,545.2
Acquisition / divestiture items(B)
10.1
4.2
8.4
(1,688.5)
Deferred compensation(C)
(1.1)
(0.2)
(5.0)
(4.9)
Restructuring and other costs(D)
1.0
57.3
6.8
64.1
Non-GAAP non-operating expense, net:
$ (21.6)
$ (14.4)
$ (72.4)
$ (84.1)
Tax Rate
%
Tax Rate
%
Tax Rate
%
Tax Rate
%
(F)
(F)
(F)
(F)INCOME TAX PROVISION:
GAAP income tax provision:
$ 28.015.2 %
$ 7.67.8 %
$ 85.416.8 %
$ 501.525.0 %
Non-GAAP items tax effected(E)
22.7
40.1
74.0
(352.8)
Non-GAAP income tax provision:
$ 50.717.4 %
$ 47.717.7 %
$ 159.417.4 %
$ 148.717.4 %
NET INCOME:
GAAP net income:
$ 156.6
$ 90.2
$ 424.0
$ 1,504.4
Amortization of purchased intangible assets(A)
43.5
44.6
172.0
199.0
Acquisition / divestiture items(B)
16.3
10.6
27.5
(1,606.9)
Stock-based compensation(C)
35.5
48.3
146.5
158.6
Restructuring and other costs(D)
11.6
67.9
60.3
96.5
Non-GAAP tax adjustments(E)
(22.7)
(40.1)
(74.0)
352.8
Non-GAAP net income:
$ 240.8
$ 221.5
$ 756.3
$ 704.4
DILUTED NET INCOME PER SHARE:
GAAP diluted net income per share:
$ 0.65
$ 0.36
$ 1.76
$ 6.09
Amortization of purchased intangible assets(A)
0.18
0.18
0.71
0.80
Acquisition / divestiture items(B)
0.07
0.04
0.11
(6.50)
Stock-based compensation(C)
0.15
0.20
0.61
0.64
Restructuring and other costs(D)
0.05
0.27
0.25
0.39
Non-GAAP tax adjustments(E)
(0.10)
(0.16)
(0.31)
1.43
Non-GAAP diluted net income per share:
$ 1.00
$ 0.89
$ 3.13
$ 2.85
ADJUSTED EBITDA:
GAAP operating income:
$ 216.222.3 %
$ 173.517.6 %
$ 592.016.5 %
$ 460.712.5 %
Amortization of purchased intangible assets(A)
43.5
44.6
172.0
199.0
Acquisition / divestiture items(B)
6.2
6.4
19.1
81.6
Stock-based compensation / deferred
compensation(C)
36.6
48.5
151.5
163.5
Restructuring and other costs(D)
10.6
10.6
53.5
32.4
Non-GAAP operating income:
313.132.3 %
283.628.8 %
988.127.5 %
937.225.4 %
Depreciation expense and cloud computing
amortization
12.2
14.5
48.8
49.3
(Loss) income from equity method
investments, net
(0.5)
—
9.3
13.9
Adjusted EBITDA:
$ 324.833.5 %
$ 298.130.3 %
$ 1,046.229.2 %
$ 1,000.427.2 %
Year of
2025
2024
FREE CASH FLOW:
Net cash provided by operating activities
$ 386.2
$ 531.4
Capital expenditures
25.3
33.6
Free cash flow
$ 360.9
$ 497.8
First Quarter of
2026
Year 2026
Low EndHigh
End
Low EndHigh
End
FORECASTED DILUTED NET INCOME PER SHARE:
Forecasted GAAP diluted net income per share:
$ 0.32$ 0.36
$ 2.04$ 2.23
Amortization of purchased intangible assets(A)
0.180.18
0.720.72
Acquisition / divestiture items(B)
0.020.02
0.050.05
Stock-based compensation(C)
0.180.18
0.660.66
Restructuring and other costs(D)
0.040.04
0.110.11
Non-GAAP tax adjustments(E)
(0.05)(0.04)
(0.16)(0.15)
Forecasted non-GAAP diluted net income per share:
$ 0.69$ 0.74
$ 3.42$ 3.62
FOOTNOTES TO GAAP TO NON-GAAP RECONCILIATIONThis press release includes GAAP financial measures as well as non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP measures. We believe non-GAAP financial measures provide useful information to investors and others in understanding our "core operating performance", which excludes (i) the effect of non-cash items and certain variable charges not expected to recur and (ii) transactions that are not meaningful in comparison to our past operating performance or not reflective of ongoing financial results. Lastly, we believe that our core operating performance offers a supplemental measure for period-to-period comparisons and can be used to evaluate our historical and prospective financial performance, as well as our performance relative to competitors.The non-GAAP definitions and explanations to the adjustments to comparable GAAP measures are included below:Non-GAAP DefinitionsNon-GAAP gross marginWe define Non-GAAP gross margin as GAAP gross margin, excluding the effects of amortization of purchased intangible assets, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP gross margin as a way of understanding how product mix, pricing decisions, and manufacturing costs influence our business.Non-GAAP operating expensesWe define Non-GAAP operating expenses as GAAP operating expenses, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe this measure is important to investors evaluating our non-GAAP spending in relation to revenue.Non-GAAP operating incomeWe define Non-GAAP operating income as GAAP operating income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, deferred compensation, and restructuring and other costs. We believe our investors benefit by understanding our non-GAAP operating income trends, which are driven by revenue, gross margin, and spending.Non-GAAP non-operating expense, netWe define Non-GAAP non-operating expense, net as GAAP non-operating (expense) income, net, excluding acquisition/divestiture items, deferred compensation, and restructuring and other costs. We believe this measure helps investors evaluate our non-operating expense trends.Non-GAAP income tax provisionWe define non-GAAP income tax provision as the GAAP income tax provision adjusted for the tax effects of the non-GAAP pre-tax adjustments (A) through (D), excluding certain tax charges and benefits such as net deferred tax impacts resulting from tax amortization related to a non-U.S. intercompany transfer of intellectual property and certain acquisitions, deferred tax impacts from global intangible low-taxed income, significant reserve releases upon the expiration of statute of limitations and audit closures, and tax law changes. We believe this measure helps investors because it provides for consistent treatment of excluded items in our non-GAAP presentation.Non-GAAP net incomeWe define Non-GAAP net income as GAAP net income, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. This measure provides a supplemental view of net income trends, which are driven by non-GAAP income before taxes and our non-GAAP tax rate.Non-GAAP diluted net income per shareWe define Non-GAAP diluted net income per share as GAAP diluted net income per share, excluding the effects of amortization of purchased intangible assets, acquisition/divestiture items, stock-based compensation, restructuring and other costs, and non-GAAP tax adjustments. We believe our investors benefit by understanding our non-GAAP operating performance as reflected in a per share calculation as a way of measuring non-GAAP operating performance by ownership in the Company.Adjusted EBITDAWe define Adjusted EBITDA as non-GAAP operating income plus depreciation expense, cloud computing amortization, and income from equity method investments, net, excluding our proportionate share of items such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs. Other companies may define Adjusted EBITDA differently. Adjusted EBITDA is a performance measure that we believe offers a useful view of the overall operations of our business because it facilitates operating performance comparisons by removing potential differences caused by variations unrelated to operating performance, such as capital structures (interest expense), income taxes, depreciation, amortization of purchased intangibles and cloud computing costs, and income from equity method investments, net.Free Cash FlowWe define free cash flow as cash flow from operating activities minus capital expenditures. We believe this measure is important to investors evaluating our generation of cash flow.Explanations of Non-GAAP adjustments(A)Amortization of purchased intangible assets. Non-GAAP gross margin and operating expenses exclude the amortization of purchased intangible assets, which primarily represents technology and/or customer relationships already developed.
(B)Acquisition / divestiture items. Non-GAAP gross margin and operating expenses exclude costs consisting of external and incremental costs resulting directly from acquisitions, divestitures, and strategic investment activities such as legal, due diligence, integration, and other costs, including the acceleration of acquisition stock awards and adjustments to the fair value of earn-out liabilities. Non-GAAP non-operating expense, net, excludes one-time acquisition/divestiture charges, including foreign currency exchange rate gains/losses related to an acquisition, divestiture gains/losses, and strategic investment gains/losses. These are one-time costs that vary significantly in amount and timing and are not indicative of our core operating performance.
(C)Stock-based compensation / deferred compensation. Non-GAAP gross margin and operating expenses exclude stock-based compensation and income or expense associated with movement in our non-qualified deferred compensation plan liabilities. Changes in non-qualified deferred compensation plan assets, included in non-operating expense, net, offset the income or expense in the plan liabilities.
(D)Restructuring and other costs. Non-GAAP gross margin and operating expenses exclude restructuring costs composed of termination benefits related to reductions in employee headcount, closure or exit of facilities, and cancellation of certain contracts, and other costs composed of one-time incremental expenses resulting from the re-audit and related remediation of control deficiencies. Non-GAAP non-operating expense net, excludes our proportionate share of items recorded in income from equity method investment items, such as goodwill impairment, amortization of purchased intangibles, stock-based compensation, and restructuring costs.
(E)Non-GAAP items tax effected. This amount represents the income tax effect of non-GAAP pre-tax adjustments, excluding certain tax charges and benefits, which reconcile the GAAP income tax provision to the non-GAAP income tax provision.
(F)Tax rate percentages. These percentages are defined as GAAP income tax provision as a percentage of GAAP income before taxes and non-GAAP income tax provision as a percentage of non-GAAP income before taxes. OTHER KEY METRICSAnnualized Recurring Revenue In addition to providing non-GAAP financial measures, Trimble provides an ARR performance measure in order to provide investors with a supplementary indicator of the value of the Company's current recurring revenue contracts. ARR represents the estimated annualized value of recurring revenue. ARR is calculated by taking our subscription and maintenance and support revenue for the current quarter and adding the portion of the contract value of all our term licenses attributable to the current quarter, then dividing that sum by the number of days in the quarter and then multiplying that quotient by 365. ARR should be viewed independently of revenue and deferred revenue as it is a performance measure and is not intended to be combined with or to replace either of those items.Organic Annualized Recurring RevenueOrganic annualized recurring revenue refers to annualized recurring revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months.Organic RevenueOrganic revenue refers to revenue excluding the impacts of (i) foreign currency translation, and (ii) acquisitions and divestitures that closed in the prior 12 months.
View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-announces-fourth-quarter-and-full-year-2025-results-and-initiates-2026-guidance-302683288.htmlSOURCE Trimble
Original: Trimble Announces Fourth Quarter and Full Year 2025 Results and Initiates 2026 Guidance
PENNY_STOCKS
18年前
Trimble Enters into Definitive Agreement to Acquire TopoSys to Extend Its Geospatial Solutions Business
SUNNYVALE, Calif., Sep. 26 /PRNewswire-FirstCall/ -- Trimble (NASDAQ:TRMB) today announced that it has entered into a definitive agreement to acquire TopoSys GmbH of Biberach an der Riss, Germany in an all-cash transaction. TopoSys is a leading provider of aerial data collection systems comprised of LiDAR and metric cameras. Closing of the transaction, anticipated to occur in the fourth quarter, is subject to certain closing conditions. Financial terms were not disclosed.
TopoSys aerial data collection systems are used by service companies collecting geospatial data by LiDAR and photogrammetry as well as state authorities and municipalities involved in supplying geospatial information. Typical applications include mapping for coastline protection, floodplain control, city modeling, opencast pit mining, and corridor mapping.
Over the last two years, TopoSys has evolved from an aerial services business to an aerial data collection systems developer and integrator. The acquisition of TopoSys extends Trimble's portfolio of engineering scale mapping and asset management solutions. TopoSys will also provide a European footprint to support Trimble's aerial mapping customers, who face short flight seasons, with regional support.
"TopoSys complements the aerial imaging solutions offered by our subsidiaries Applanix and INPHO. As an integrator of the Applanix POSTrack direct georeferencing and flight management system and RolleiMetric aerial industrial camera, TopoSys has developed high productivity aerial data collection systems for engineering scale mapping and asset management," said Ken Spratlin, director for strategy and business development for Trimble. "As part of the Trimble Connected Site solutions, these systems will provide high accuracy as-builts, enabling advanced process and workflow integration from the design phase through construction to the subsequent maintenance phase- delivering significant improvements in productivity."
"With Trimble's focus on the geospatial solutions business, joining the company accelerates TopoSys' evolution to an aerial data collection systems developer and integrator," said Svein Vatslid, managing director of TopoSys. "We are pleased to become a part of Trimble."
Svein Vatslid and the staff of TopoSys will join Trimble and will be reported as part of the Engineering and Construction segment.
About TopoSys GmbH
TopoSys, founded in 1995, commercialized the airborne fiber optic laser scanner together with a line camera to obtain information of the topography. Today, TopoSys has customers in service companies as well as state authorities and municipalities who use its aerial data collection solutions and services for coastline protection, floodplain control, city modeling, opencast pit mining, and corridor mapping.
For more information, visit: http://www.toposys.com/
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location - including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information, visit: http://www.trimble.com/
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, continued customer use and future market adoption of TopoSys solutions and, more generally, aerial data collection and processing solutions, Trimble's ability to integrate its portfolio of aerial imaging and data collection solutions or to provide compelling solutions that deliver significant improvements in productivity to users, and changing economic trends and competitive pressures in the industry. Additional risks and uncertainties include: the risks inherent in integrating acquisitions; the ability to realize synergies through the integration of TopoSys and its products; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
GTRMB
DATASOURCE: Trimble
CONTACT: Willa McManmon, Investor Relations, +1-408-481-7838,
, or Lea Ann McNabb, Media, +1-408-481-7808,
, both of Trimble
Web site: http://www.trimble.com/
http://www.toposys.com/
PENNY_STOCKS
18年前
New Trimble Reference Receiver Raises the Bar for GNSS CORS Infrastructure and Network Applications
SAVANNAH, Ga., Sept. 16 /PRNewswire-FirstCall/ -- Trimble (NASDAQ:TRMB) today introduced an innovative Global Navigation Satellite System (GNSS) reference receiver for precise scientific and network infrastructure applications -- the Trimble(R) NetR8(TM) GNSS reference receiver. The new reference receiver is versatile and can support the most demanding applications for the earth science community and for the surveying, construction, mapping or agricultural industries.
The announcement was made today at the ION GNSS 2008 Conference.
The NetR8 reference station can operate as a campaign receiver for post processing, as a Continuously Operating Reference Station (CORS) receiver, portable base station for Real Time Kinematic (RTK) applications or as a scientific reference station collecting information for specialized studies.
Full featured and offering the complete functionality of a geodetic reference station, the Trimble NetR8 reference receiver can be used as a standalone receiver or as part of a network solution. Specific applications include high-accuracy positioning as part of a Trimble VRS(TM) network, support for differential global positioning system (DGPS) MSK beacons, and integrity monitoring of networks and physical infrastructure such as bridges, dams and mines. It is also an ideal solution for expanding the geographic coverage area of an existing network, or for adding GNSS support through Sparse GLONASS technology, a unique Trimble technology that provides dual- constellation, fully-modeled RTK data when widely spaced GLONASS-capable Trimble reference stations are implemented in a network comprised mainly of GPS-only receivers. The Trimble NetR8 is also able to support installation as a dedicated rover for VRS network performance analysis.
The Trimble NetR8 receiver has four gigabytes of onboard memory and 50 Hz operation speed, making it the fastest reference receiver in the industry to date. Large-capacity onboard data storage allows post-processed results for reference stations to be computed when data connectivity is not available, or for specific scientific applications.
Using Trimble's exclusive R-Track(TM) technology, the NetR8 reference receiver has 76 channels and supports GPS L1, L2, L2C and L5 signals as well as GLONASS L1/L2 signals. Supporting these signals provides users with every possible combination for signal processing from today's GNSS constellations. There are also four channels dedicated to tracking Space Based Augmentation Systems (SBAS), including Wide Area Augmentation System (WAAS) in North America, European Geostationary Navigation Overlay System (EGNOS) in Europe, Multi-functional Satellite Augmentation System (MSAS) in Japan, Omnistar services and others.
Optimized for field use, the lightweight and rugged Trimble NetR8 reference receiver consumes little power and can be used for projects with remote connectivity and in extreme weather conditions. It is IP67-rated and the physical memory is built into the circuit board, providing greater protection of data. Multiple built-in serial ports supply communications and power to support field use, whether connecting to a radio for RTK surveys, direct communication with a satellite phone for remote operations or Bluetooth communication with a cell phone for real-time data streaming. In addition, both power and Ethernet can be conveniently supplied over a single cable using Power over Ethernet (PoE) technology.
"The Trimble NetR8 represents the ultimate performance in today's modern CORS technology," said Pierre Desjardins, business manager for Trimble's Infrastructure business area. "Trimble has once again redefined the industry standard for ultra-fast, high-reliability, multi-constellation reference receivers and is committed to developing solutions with the latest GNSS technology that meet the complex needs of our customers."
The Trimble NetR8 reference receiver is expected to begin shipping on October 25, 2008. For more information, visit http://www.trimble.com/, call 1-800-767-4822 (U.S. only), +1-303-323-4111 (outside of the U.S.) or email .
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location -- including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information, visit: http://www.trimble.com/.
GTRMB
DATASOURCE: Trimble
CONTACT: Investors: Willa McManmon, +1-408-481-7838,
, or Media: Lea Ann McNabb, +1-408-481-7808,
, both of Trimble
Web site: http://www.trimble.com/
PENNY_STOCKS
18年前
Croatia Taps Trimble to Provide a Nationwide GNSS Infrastructure Network
SUNNYVALE, Calif., May 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Trimble (Nasdaq: TRMB) announced today it has been chosen by the Central Financing and Contracting Unit (CFCU) at the Croatian Ministry of Finance to supply 31 Trimble(R) NetR5(TM) Reference Stations, 31 Trimble Zephyr Geodetic(TM) antennas and Trimble VRS(TM) (Virtual Reference Station) technology to establish a nationwide Global Navigation Satellite System (GNSS) infrastructure network for the Republic of Croatia called the CROatian POsitioning System (CROPOS). The Trimble VRS network will provide a geospatial infrastructure for surveying, engineering and geographic information system (GIS) professionals that enables high-accuracy, real-time kinematic (RTK) GNSS positioning without the need for separate base stations, significantly increasing efficiency and productivity.
The CROPOS network, the largest and only nation-wide network in the country, will be operated by the State Geodetic Administration of the Republic of Croatia - Drzavna Geodetska Uprava (DGU). The turn-key VRS solution by Trimble includes installation of the control center as well as third-party components including communications and IT devices. In addition, Trimble is also providing Trimble R8 GNSS rover systems for survey and control work.
Croatia plans to use CROPOS as the basis for the country's new geodetic reference coordinate system. The VRS network will provide a highly reliable, cost-effective means for surveyors and other geospatial professionals to work faster and achieve accurate GNSS results for a variety of positioning applications including geodetic and cadastral surveying, road and bridge construction, earthquake and tectonic plate movement monitoring and analysis, and scientific research, as well as other high-accuracy positioning applications.
The Croatia network follows more than 200 Trimble infrastructure installations throughout the world including: Australia, Austria, Belgium, Brazil, Brunei, Canada, China, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, India, Ireland, Italy, Japan, Lithuania, Malaysia, Netherlands, New Caledonia, New Zealand, Norway, Poland, Portugal, Republic of South Africa, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom and U.S. For a partial reference list of Trimble VRS installations visit: http://www.trimble.com/vrsinstallations.shtml.
About DGU
Drzavna Geodetska Uprava is the state authority for administrative and professional works in the area of geodesy, cartography, cadastre and photogrammetry. It is also tasked with the modernization of the country's cadastre and geospatial system as well as providing official state cartography (1:5 000, 1:25 000, 1:100 000, 1:200 000), geodetic documentation, statistics of real-estate cadastre, spatial units and utility and geodetic and cadastre works for border of the state. For more information, visit: http://www.dgu.hr
About CFCU
CFCU is the Central Financing and Contracting Unit at the Croatian Ministry of Finance and is in charge of the realization of National Phare 2005 Programs financed by EU.
About Trimble VRS Technology
Trimble VRS technology uses Trimble RTKNet(TM) software and provides high-accuracy, RTK GNSS positioning for wider areas. The VRS network can be continuously available without setting up a base station and provides common control anywhere in the network.
Because Trimble RTKNet software is able to process the entire network simultaneously, Trimble VRS networks offer greater quality control and higher data accuracy at longer distances. In the field, the farther users get from a reference station using conventional RTK, the more susceptible they become to reduced accuracy and performance due to systematic errors such as ionospheric and tropospheric effects. In a Trimble VRS network, RTKNet software provides a fully modeled solution that factor in potential systematic errors. Users connect into the system using a wireless connection; the software acknowledges the users field positions and allows them to operate as though there is a reference station right next to their rover. As a result, the PPM error is eliminated or significantly reduced, allowing surveyors to achieve RTK precision over much greater distances with fewer reference stations. Users can also retrieve stored GNSS and modeled data from the control center via the Internet for post-processing.
About Trimble's Engineering and Construction Business
Trimble, a world leader in GPS, construction lasers, robotic total stations and machine control solutions, is creating a broad range of innovative solutions that changes the way construction work is done. The Engineering and Construction business of Trimble is focusing on the development of technology and solutions in the core areas of surveying, construction and infrastructure. From concept to completion, Trimble's integrated systems streamline jobs and improve productivity.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
SOURCE Trimble
http://www.trimble.com
http://investor.trimble.com/releasedetail.cfm?ReleaseID=312758
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