Trimble Announces Q2 Earnings

Trimble Inc. announced financial results for the second quarter of 2024.

Revenue of $870.8 million, down 12 percent on a year-over-year basis, up 1 percent on an organic basis
Annualized recurring revenue (“ARR”) was $2.11 billion, up 12 percent year-over-year, up 14 percent on an organic basis
GAAP operating income was $61.6 million, 7.1 percent of revenue and non-GAAP operating income was $194.4 million, 22.3 percent of revenue
GAAP net income was $1,316.4 million and non-GAAP net income was $151.9 million
Diluted earnings per share (“EPS”) was $5.34 on a GAAP basis and $0.62 on a non-GAAP basis
Adjusted EBITDA was $214.0 million, 24.6 percent of revenue

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