The company said revenue for Q3 2024 was $875.8 million, down 9% from a year earlier, and up 3% on an organic basis. ARR was $2.19 billion, up 13% from a year earlier, while GAAP net income was $40.6 million and diluted earnings per share were $0.16.

1. 01

   The company said revenue for Q3 2024 was $875.8 million, down 9% from a year earlier, and up 3% on an organic basis. ARR was $2.19 billion, up 13% from a year earlier, while GAAP net income was $40.6 million and diluted earnings per share were $0.16.

2. 02

   Trimble reported a GAAP gross margin of 65.7% for Q3 (61.7% a year earlier) and a non-GAAP gross margin of 68.5%. GAAP operating income was $116.4 million, or 13.3% of revenue, non-GAAP operating income was $224.8 million, or 25.7% of revenue, and Adjusted EBITDA was $237.4 million, or 27.1% of revenue.

3. 03

   The company said net income for the first Q3 was $1,414.2 million, reflecting cumulative divestitures gain, net of $1,695.0 million. Net cash provided by operating activities for the same period was $416.3 million, proceeds from divestitures were $1,923.2 million, and debt repayments were $1,799.3 million.

4. 04

   The company said it expects full-year 2024 revenue of $3,625 million to $3,665 million and non-GAAP earnings per share of $2.79 to $2.87. Revenue guidance for Q4 is $925 million to $965 million. The company said both outlooks reflect the closing of its joint venture with AGCO.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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