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Trimble Reports Impressive First Quarter Results for 2025

Trimble Inc., a leading technology company, announced its financial results for the first quarter of 2025, showcasing a robust annualized recurring revenue (ARR) figure. The financial details released on May 7, 2025, reflected both challenges and strengths in the company's performance, continuing the execution of its Connect and Scale strategy.

Financial Highlights

Trimble's revenue for Q1 2025 reached $840.6 million, marking a 12% year-over-year decrease but showing a 2% increase on an organic basis. The ARR was impressive, coming in at $2.18 billion, which is a 7% increase year-over-year and a 15% rise on an organic basis.

Detailed Financial Metrics

• - GAAP Operating Income: Registered at $97.5 million, which is 11.6% of revenue.
• - Non-GAAP Operating Income: Notched up to $198.2 million or 23.6% of revenue.
• - GAAP Net Income: Stood at $66.7 million, while non-GAAP net income was reported at $151.4 million.
• - Diluted Earnings Per Share (EPS): The diluted EPS was $0.27 (GAAP) and $0.61 (non-GAAP).
• - Adjusted EBITDA: Came in at $212.1 million, representing 25.2% of revenue.
• - A notable share repurchase program saw $627.4 million allocated towards buying back shares.

Executive Insights

Rob Painter, Trimble's President and CEO, stated, "We began the year with strong momentum, delivering a first quarter record annualized recurring revenue of $2.18 billion and surpassing expectations on both top and bottom lines. With current market uncertainties in mind, we are maintaining our full year 2025 guidance."

Guidance for 2025

Looking ahead, Trimble anticipates reporting revenue between $3.37 billion and $3.47 billion for the full year of 2025. The expected GAAP EPS is forecasted to be between $1.43 and $1.64, while non-GAAP EPS could range from $2.76 to $2.98. For Q2 2025 alone, revenue is expected between $815 million and $845 million, with GAAP EPS anticipated to be between $0.26 and $0.32.

Strategic Updates

It is worth noting that the full-year guidance accounts for the recent closing of the mobility divestiture, which was completed on February 8, 2025. As Trimble continues to pivot its business model towards a more subscription-based approach, these figures provide insight into its growth potential.

Investor Engagement

On the same day of the earnings announcement, Trimble hosted a conference call at 8:00 AM ET to discuss these results in detail. Investors and interested participants were invited to listen in and access supplemental materials on the company's official website under the Investor section.

About Trimble

Trimble, traded under the Nasdaq symbol TRMB, specializes in connecting the physical and digital worlds to enhance operational efficiencies across various industries. From construction to transportation, their innovative solutions are at the forefront of the industry's digital transformation. For further information, visit Trimble's website.

Conclusion

Trimble Inc.’s latest financial results emphasize a solid start to 2025, driven by heightened demand for their services. As the company navigates challenges and opportunities within its growth trajectory, maintaining a clear focus on future guidance will be vital in sustaining its momentum.