Trimble's earnings call reflects strong financial performance with significant growth in ARR and gross margins, driven by strategic initiatives and resilience in the transportation segment. However, challenges such as accounting filing delays, a tough freight market, and variability in geographical performance present notable headwinds.

Company Guidance

During the Trimble Fourth Quarter 2024 Earnings Conference Call, the company reported strong financial performance, exceeding the midpoint of their guidance with fourth-quarter revenue of $983 million, annual recurring revenue (ARR) of $2.26 billion, and earnings per share (EPS) of $0.89. On an as-adjusted basis, revenue increased by 9% for the quarter and 6% for the year, with a notable 16% growth in ARR. The company achieved a gross margin of 71.7%, marking the first time it surpassed the 70% level. Over the period from 2019 to 2024, Trimble's ARR grew from $1.2 billion to over $2.26 billion, with recurring revenue doubling to 62% of total revenue and overall software and services rising to 76% of revenue. Gross margins in 2024 were at 68.2%, representing an increase of over 1000 basis points, and EBITDA improved by more than 400 basis points to 27.2%. For fiscal 2025, Trimble guided for as-reported revenue of $3.42 billion and EPS of $2.87, with expectations for low-to-mid teens EPS growth on an as-adjusted basis. The company also announced an increased share repurchase authorization to $1 billion, indicating a commitment to capital allocation alongside potential M&A opportunities, particularly in construction software.

Strong Financial Performance

Fourth quarter revenue at $983 million, ARR at $2.26 billion, and EPS at $0.89 all exceeded the midpoint of guidance. ARR increased by 16%, and gross margins reached 71.7% for the first time.

Strategic Progress in Technology and Innovation

Trimble's Connect and Scale strategy has transformed the business model, delivering recurring revenue growth to 62% and software and services to 76% of revenue. AI adoption has increased productivity and customer value.

Transportation Segment Resilience

Transporeon business achieved record bookings despite challenging freight market conditions, indicating strong potential when the market rebounds.

Capital Allocation Strategy

The Board increased share repurchase authorization to $1 billion, and Trimble plans to continue playing offense in acquisitions, focusing on tuck-ins and potential larger opportunities.

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Trimble (TRMB) 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

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TRMB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	0.58 / -	0.64	―	―	―
Feb 19, 2025	2024 (Q4)	0.89 / 0.89	0.63	41.27% (+0.26)
Nov 06, 2024	2024 (Q3)	0.62 / 0.70	0.68	2.94% (+0.02)
Aug 06, 2024	2024 (Q2)	0.58 / 0.62	0.64	-3.13% (-0.02)
May 03, 2024	2024 (Q1)	0.62 / 0.64	0.72	-11.11% (-0.08)
Feb 12, 2024	2023 (Q4)	0.60 / 0.63	0.6	5.00% (+0.03)
Nov 01, 2023	2023 (Q3)	0.60 / 0.68	0.66	3.03% (+0.02)
Aug 03, 2023	2023 (Q2)	0.59 / 0.64	0.64	0.00% (0.00)
May 03, 2023	2023 (Q1)	0.67 / 0.72	0.73	-1.37% (-0.01)
Feb 08, 2023	2022 (Q4)	0.61 / 0.60	0.62	-3.23% (-0.02)

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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TRMB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$75.14	$75.57	+0.57%
Nov 06, 2024	$61.62	$72.64	+17.88%
Aug 06, 2024	$49.82	$51.53	+3.43%
May 03, 2024	$60.09	$55.93	-6.92%

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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