WESTMINSTER, CO, May 6, 2024 – Trimble Inc. announced financial results for the first quarter of 2024. Revenue for the first quarter of 2024 was $953.3M, up 2.2% compared to $932.4M for the fourth quarter of 2023. GAAP net income was $57.2M.
Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)
Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)
“We had a strong start to the year, delivering record annualized recurring revenue of $2.03 billion and record first quarter gross margin. And on April 1, we closed our agriculture joint venture with AGCO,” said Rob Painter, Trimble’s president and chief executive officer. “With our new reporting segment and organization structure in place, we have further simplified and focused the company to enable our customers to transform how they work, while creating value for our shareholders.”
A complete chart of the financial results is available here.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable their customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.
For more information about Trimble, visit www.trimble.com.