TRIMBLE INC
For the period ended Sep 27, 2024. Filed Jan 16, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2024 · Filed Jan 16, 2025
TRMB$54.75+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Third Quarter of | First Three Quarters of | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenue: | ||||
| Product | $307.6 | $444.0 | $995.1 | $1,368.9 |
| Subscription and services | 568.2 | 513.3 | 1,704.8 | 1,497.4 |
| Total revenue | 875.8 | 957.3 | 2,699.9 | 2,866.3 |
| Cost of sales: | ||||
| Product | 160.7 | 215.6 | 544.7 | 665.7 |
| Subscription and services | 120.6 | 123.8 | 365.4 | 364.2 |
| Amortization of purchased intangible assets | 18.9 | 27.7 | 74.7 | 80.9 |
| Total cost of sales | 300.2 | 367.1 | 984.8 | 1,110.8 |
| Gross margin | 575.6 | 590.2 | 1,715.1 | 1,755.5 |
| Operating expense: | ||||
| Research and development | 155.6 | 162.5 | 487.3 | 496.6 |
| Sales and marketing | 147.1 | 146.2 | 436.4 | 436.9 |
| General and administrative | 127.6 | 117.2 | 410.4 | 369.2 |
| Restructuring | 2.4 | 11.8 | 14.1 | 26.1 |
| Amortization of purchased intangible assets | 26.5 | 31.2 | 79.7 | 74.8 |
| Total operating expense | 459.2 | 468.9 | 1,427.9 | 1,403.6 |
| Operating income | 116.4 | 121.3 | 287.2 | 351.9 |
| Non-operating (expense) income, net: | ||||
| Divestitures (loss) gain, net | (22.6) | 5.5 | 1,695.0 | 10.6 |
| Interest expense, net | (14.1) | (46.8) | (77.4) | (113.2) |
| (Loss) income from equity method investments, net | (0.6) | 5.2 | 9.3 | 24.6 |
| Other (loss) income, net | (6.0) | (5.8) | (6.0) | 23.6 |
| Total non-operating (expense) income, net | (43.3) | (41.9) | 1,620.9 | (54.4) |
| Income before taxes | 73.1 | 79.4 | 1,908.1 | 297.5 |
| Income tax provision | 32.5 | 4.5 | 493.9 | 49.2 |
| Net income | $40.6 | $74.9 | $1,414.2 | $248.3 |
| Earnings per share: | ||||
| Basic | $0.17 | $0.30 | $5.76 | $1.00 |
| Diluted | $0.16 | $0.30 | $5.73 | $1.00 |
| Shares used in calculating earnings per share: | ||||
| Basic | 245.6 | 248.6 | 245.4 | 248.0 |
| Diluted | 246.9 | 249.7 | 246.9 | 249.1 |
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