Current Report · Items 2.02, 9.01 · 8-K

Trimble Inc.

TRMBNASDAQEQUITYCurrent

Results of Operations and Financial Condition

Filed May 7, 2025Accepted May 7, 2025, 7:03 AM EDTCIK 864749Accession 0000864749-25-000105

Company context

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: https://www.trimble.com.

Current securities

TRMBNASDAQ · EQUITY · Current

Recent company filings

Disclosure sections

Items 2.02, 9.01

Select an item to read the extracted section. The as-filed document remains the primary evidence.

Item 2.02Item 2.02 - Results of Operations

Item 2.02 Results of Operations and Financial Condition. On May 7, 2025, Trimble Inc. (the “Company”) issued a press release reporting its financial results for the quarter ended April 4, 2025. A copy of the press release is attached hereto as Exhibit 99.1. The information in this report, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor be incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Filed exhibits (1)

EX-99.1 (by filename) a2025q1-8kex991.htm

EX-99.1 2 a2025q1-8kex991.htm EX-99.1 Document Exhibit 99.1 Trimble Announces First Quarter 2025 Results • Record first quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategy • Maintaining full year 2025 guidance WESTMINSTER, Colo., May 7, 2025 - Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2025. First Quarter 2025 Financial Highlights • Revenue of $840.6 million, down 12 percent on a year-over-year basis, up 2 percent on an organic basis • Annualized recurring revenue ("ARR") was $2.18 billion, up 7 percent year-over-year, up 15 percent on an organic basis • GAAP operating income was $97.5 million, 11.6 percent of revenue and non-GAAP operating income was $198.2 million, 23.6 percent of revenue • GAAP net income was $66.7 million and non-GAAP net income was $151.4 million • Diluted earnings per share ("EPS") was $0.27 on a GAAP basis and $0.61 on a non-GAAP basis • Adjusted EBITDA was $212.1 million, 25.2 percent of revenue • Share repurchase of $627.4 million Executive Quote "We began the year with strong momentum, delivering a first quarter record annualized recurring revenue…

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