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Feb. 20, 2025 Source: Trimble news release WESTMINSTER, Colo.-- Trimble Inc. (Nasdaq: TRMB) today announced financial results for the fourth quarter and fiscal year 2024. Executive Quote "Fiscal 2024 was a transformative year for Trimble. We simplified and focused the Company through portfolio moves and re-segmentation. We also delivered for our customers while strengthening the Company -- as evidenced by record levels of software as a percent of total revenue, and record levels of ARR, gross margin and profitability," said Rob Painter, president and CEO of Trimble. "We thank all of our Trimble colleagues for their dedication and hard work in 2024, and we look forward to further executing and progressing Connect & Scale in 2025 and beyond." Fiscal 2024 Financial Highlights *Revenue of $3,683.3 million, down 3 percent on a year-over-year basis, up 5 percent on an organic basis *GAAP operating income was $460.7 million, 12.5 percent of revenue, and non-GAAP operating income was $937.2 million, 25.4 percent of revenue *GAAP net income was $1,504.4 million and non-GAAP net income was $704.4 million *Diluted EPS was $6.09 on a GAAP basis, and $2.85 on a non-GAAP basis *Adjusted EBITDA was $1,000.4 million, 27.2 percent of revenue *During fiscal 2024, Trimble repurchased approximately 2.9 million shares for $175.0 million. To read the entire report click here. Tweet |
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