Trimble Q4 2023 Earnings Report
Key Takeaways
Trimble's Q4 2023 revenue reached $932.4 million, a 9% year-over-year increase, with GAAP operating income at $96.9 million and non-GAAP operating income at $226.6 million. The company reported a GAAP EPS of $0.25 and a non-GAAP EPS of $0.63. Adjusted EBITDA stood at $241.2 million, representing 25.9% of revenue. The company achieved a record level of ARR, Gross Margin, and Adjusted EBITDA.
Revenue of $932.4 million, up 9 percent year-over-year.
Annualized recurring revenue (ARR) was $1.98 billion, up 24 percent year-over-year.
GAAP operating income was $96.9 million, 10.4% of revenue and non-GAAP operating income was $226.6 million, 24.3% of revenue.
Adjusted EBITDA was $241.2 million, 25.9 percent of revenue
Trimble
Trimble
Trimble Revenue by Segment
Forward Guidance
For the full-year 2024, Trimble expects to report revenue between $3,570 million and $3,670 million and non-GAAP EPS of $2.60 to $2.80. For the first quarter of 2024, Trimble expects to report revenue between $905 million and $935 million and non-GAAP EPS of $0.57 to $0.62.
Revenue & Expenses
Visualization of income flow from segment revenue to net income