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Dec 31, 2024
Trimble Q4 2024 Earnings Report
Trimble reported strong Q4 2024 earnings with record recurring revenue and margin expansion.
Key Takeaways
Trimble posted a 5.47% YoY revenue increase in Q4 2024, reaching $983.4 million. Net income rose 43.17% YoY to $90.2 million, with a 17.6% GAAP operating margin. The company achieved record ARR of $2.26 billion (+14% YoY), reflecting its strategic focus on software-driven growth.
Revenue grew 5.47% YoY to $983.4 million, with organic growth of 17%.
GAAP net income increased 43.17% YoY to $90.2 million.
Annualized Recurring Revenue (ARR) reached a record $2.26 billion (+14% YoY).
Gross margin improved to 69.3%, up from 61.9% in Q4 2023.
Forward Guidance
Trimble expects FY 2025 revenue between $3.37 billion and $3.47 billion, with non-GAAP EPS of $2.76 to $2.98.
Positive Outlook
- FY 2025 revenue guidance: $3.37B - $3.47B.
- Non-GAAP EPS guidance: $2.76 - $2.98.
- Continued focus on software and subscription growth.
- Higher gross margin expected due to favorable mix shift.
- Ongoing share repurchase program of up to $1 billion.
Challenges Ahead
- FY 2025 revenue guidance reflects a decline from 2024.
- Impact from mobility divestiture expected to lower revenue.
- Macroeconomic uncertainty may affect demand.
- Foreign exchange fluctuations could impact earnings.
- Transition to subscription model may create short-term volatility.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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