Trimble Inc


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SKU: TRMB-1 Category:


Trimble Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings. The company reported a substantial increase in ARR and a progressive gross margin, leading to a significant EBITDA progression. Notably, half of the company’s revenue is now recurring, reflecting the success of the Connect and Scale strategy in establishing a more durable and attractive business model, evidenced by a record 65% gross margin. The announcement of a joint venture with AGCO in the Agriculture business marked a strategic milestone, positioning Trimble to simplify, focus, and derisk its operations while returning capital to shareholders. The collaboration with Eric Hansotia and the AGCO team is expected to establish global leadership in mixed fleet, smart farming, and autonomy solutions. While addressing challenges in the global macroeconomic landscape, Trimble acknowledged signs of weakness in various markets and regions due to factors such as interest rates, war, and geopolitical tensions. Their team expressed the aim to secular value proposition of selling productivity, quality, safety, transparency, and environmental sustainability. Another highlight of the quarter was the introduction of Trimble IonoGuard to address disturbances in the ionosphere that affect positioning and navigation systems.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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