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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
