The earnings call reflected a strong performance in ARR growth and gross margin improvements, driven by strategic initiatives in various segments. However, ongoing audit delays and certain revenue challenges presented notable concerns.
Company Guidance
During the Trimble third-quarter 2024 earnings call, the company provided optimistic guidance for the remainder of the year, highlighting key performance metrics. Trimble achieved an ARR of $2.187 billion, reflecting a 14% organic growth, and a record gross margin of 68.5%. The company noted a 4% revenue growth that exceeded expectations, with an EBITDA margin of 27.1% and an EPS of $0.70, surpassing the high end of their guidance range. The AECO segment reported an 18% organic growth in ARR, contributing to a Rule of 47 performance. Trimble's guidance anticipates ARR growth of 11% to 13%, with total company revenue projected between $925 million and $965 million for the fourth quarter, including an additional 53rd week. The full-year EPS midpoint has been increased by $0.09 to $2.83, with an expected as-adjusted EBITDA margin between 27.5% and 27.8%. The company remains focused on maximizing long-term free cash flow, with a strong capital allocation strategy, including potential tuck-in acquisitions and a share buyback with $625 million remaining under the current authorization.
Strong ARR Growth
Trimble reported ARR of $2.187 billion in Q3, up 14% organically. Excluding the mobility business, ARR would have grown 16%.
Record Gross Margin
Achieved a record gross margin of 68.5% in Q3, a significant increase from 57.7% in 2019.
AECO Segment Success
AECO segment delivered a record ARR of $1.21 billion, growing 18% organically with a 29% operating income margin.
Field Systems ARR Growth
Field Systems reported 19% ARR growth, driven by strong sales of Catalyst solution and Machine Control-as-a-Service offerings.
Transportation and Logistics Performance
Segment exceeded expectations with double-digit ARR growth for Transporeon and high single-digit growth for MAS.
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Trimble (DE:TB5) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:TB5 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2024
€56.04
€66.28
+18.27%
Aug 06, 2024
€44.01
€46.85
+6.45%
May 03, 2024
€54.26
€51.80
-4.53%
Feb 12, 2024
€48.48
€50.70
+4.58%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trimble (DE:TB5) report earnings?
Trimble (DE:TB5) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Trimble (DE:TB5) earnings time?
Trimble (DE:TB5) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.