Trimble Inc. (NASDAQ: TRMB), a provider of navigation systems and data collection systems, on Friday reported an increase in revenues for the first quarter of 2024.
- Q1 revenue increased 4% year-over-year to $953.3 million; the top line was flat on an organic basis
- Annualized recurring revenue was $2.03 billion in Q1, up 23% year-over-year and up 13% on an organic basis
- Q1 operating income, on a reported basis, was $109.2 million; at $234.4 million, adjusted operating income was 24.6% of revenue
- Net income decreased to $57.2 million or $0.23 per share in the March quarter from $128.8 million or $0.52 per share a year earlier
- Unadjusted earnings, on a per-share basis, decreased to $0.64 during the three months from $0.72 a year earlier
- Adjusted EBITDA increased 26.3% year-over-year to $250.9 million in the first quarter
- During the quarter, Trimble repurchased $175.0 million of its common shares
- For fiscal 2024, the company expects revenue to be between $3,570 million and $3,670 million and adjusted earnings per share between $2.60 and $2.80
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
