Trimble said annualized recurring revenue at the end of 2024 was $2,257.8 million, representing year-over-year growth of 14%, and organic ARR growth excluding the impact of foreign currency, acquisitions, and divestitures was 14%.

1. 01

   Trimble said annualized recurring revenue at the end of 2024 was $2,257.8 million, representing year-over-year growth of 14%, and organic ARR growth excluding the impact of foreign currency, acquisitions, and divestitures was 14%.

2. 02

   The company contributed its Ag business, excluding certain GNSS and guidance technologies, to PTx Trimble, a joint venture with AGCO, on April 1, 2024 and received $1.9 billion in cash proceeds, retaining a 15% ownership interest and recognizing a pre-tax gain of $1.7 billion.

3. 03

   Trimble repaid $1.0 billion of variable-rate debt using proceeds from the Ag divestiture and said it paid $122.0 million of the total transaction-related tax of $367.8 million in 2024, with the remaining amount to be paid in 2025.

4. 04

   The company closed its sale of the Mobility business to Platform Science on February 8, 2025, subsequent to the end of the 2024 reporting period, acquiring a 32.5% ownership interest in Platform Science's expanded business with an approximate fair value of $248.7 million, and recorded a pre-tax loss of approximately $32.9 million in 2024.

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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Original filing

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