Press release
Trimble Announces First Quarter 2025 Results
Record first quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyMaintaining full year 2025 guidanceWESTMINSTER,
About this update from Trimble Inc.
[{"type":"text","content":"Record first quarter annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyMaintaining full year 2025 guidanceWESTMINSTER, Colo., May 7, 2025 /PRNewswire/ -- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the first quarter of 2025.\nFirst Quarter 2025 Financial Highlights\nRevenue of $840.6 million, down 12 percent on a year-over-year basis, up 2 percent on an organic basisAnnualized recurring revenue (\"ARR\") was $2.18 billion, up 7 percent year-over-year, up 15 percent on an organic basisGAAP operating income was $97.5 million, 11.6 percent of revenue and non-GAAP operating income was $198.2 million, 23.6 percent of revenueGAAP net income was $66.7 million and non-GAAP net income was $151.4 millionDiluted earnings per share (\"EPS\") was $0.27 on a GAAP basis and $0.61 on a non-GAAP basisAdjusted EBITDA was $212.1 million, 25.2 percent of revenueShare repurchase of $627.4 millionExecutive Quote\n\"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,\" said Rob Painter, president and CEO of Trimble. \"With current market uncertainties in mind, we are maintaining our full year 2025 guidance, reflecting our strong performance, durable business model and clarity of purpose.\"\nForward-Looking Guidance\nFor the full-year 2025, Trimble expects to report revenue between $3,370 million and $3,470 million, GAAP earnings per share of $1.43 to $1.64, and non-GAAP earnings per share of $2.76 to $2.98. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.2 percent. Both GAAP and non-GAAP earnings per share assume approximately 241 million shares outstanding.\nFor the second quarter of 2025, Trimble expects to report revenue between $815 million and $845 million, GAAP earnings per share of $0.26 to $0.32, and non-GAAP earnings per share of $0.59 to $0.65. GAAP guidance assumes a tax rate of 21.0 percent and non-GAAP guidance assumes a tax rate of 17.2 percent. Both GAAP and non-GAAP earnings per share assume approximately 239 million shares outstanding.\nFull-year 2025 guidance reflects the closing of the mobility divestiture, which closed on February 8, 2025. A reconciliation of the non-GAAP measures to the most directl...