Trimble Q2 2022 Earnings Report
Key Takeaways
Trimble announced record annualized recurring revenue of $1.51 billion, up 12 percent year over year, and second quarter total revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation. The company's adjusted EBITDA was $227.5 million, representing 24.2 percent of revenue.
Record annualized recurring revenue of $1.51 billion, up 12 percent and 15 percent on an organic basis.
Second quarter total revenue of $941 million, up 6 percent on an organic basis.
GAAP operating income was $134.9 million and non-GAAP operating income was $210.7 million.
Adjusted EBITDA of $227.5 million, 24.2 percent of revenue.
Trimble
Trimble
Forward Guidance
For the full-year 2022, Trimble now expects to report revenue between $3,760 million and $3,820 million and GAAP earnings per share of $1.89 to $1.99, and non-GAAP earnings per share between $2.70 and $2.80.