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Jun 30, 2022
Trimble Q2 2022 Earnings Report
Trimble's Q2 2022 results exceeded expectations, driven by growth in annualized recurring revenue and gross margin.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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