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Mar 31, 2020
Trimble Q1 2020 Earnings Report
Trimble's first quarter results were announced, with earnings per share exceeding guidance and an increase in annualized recurring revenue.
Key Takeaways
Trimble reported first quarter GAAP revenue of $792.3 million, a 1% decrease compared to Q1 2019. GAAP diluted earnings per share were $0.25, consistent with the previous year. The company has suspended further stock repurchases.
Earnings per share exceeded guidance.
Annualized recurring revenue reached $1.15 billion, up 7 percent year-over-year.
Trailing twelve month operating cash flow increased by 8 percent.
Company suspended further stock repurchases due to the current environment.
Trimble
Trimble
Forward Guidance
Due to the continued global economic uncertainty caused by the COVID-19 pandemic, Trimble is not providing a financial outlook for the second quarter of 2020 or the remainder of 2020 at this time.