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Dec 31, 2021
Trimble Q4 2021 Earnings Report
Announced Q4 and Full Year 2021 results and initiated 2022 guidance.
Key Takeaways
Trimble reported a 12% year-over-year increase in both GAAP and non-GAAP revenue for the fourth quarter of 2021, reaching $926.0 million. The company's annualized recurring revenue (ARR) also saw a 9% increase, amounting to $1.41 billion. GAAP net income was $115.3 million, with a diluted earnings per share of $0.45, while non-GAAP net income was $157.8 million, with a diluted earnings per share of $0.62. Adjusted EBITDA stood at $222.9 million, representing 24.1% of non-GAAP revenue.
GAAP and non-GAAP revenue increased by 12% year-over-year, reaching $926.0 million.
Annualized recurring revenue (ARR) grew by 9% year-over-year, totaling $1.41 billion.
GAAP operating income was $127.8 million, and non-GAAP operating income was $204.5 million.
Adjusted EBITDA was $222.9 million, which is 24.1% of non-GAAP revenue.
Forward Guidance
For the full year 2022, Trimble expects to report GAAP revenue between $3,950 million and $4,050 million and GAAP earnings per share of $1.80 to $1.99, and non-GAAP revenue between $3,950 million and $4,050 million and non-GAAP earnings per share of $2.75 to $2.95.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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