Trimble Announces Second Quarter 2024 Results

FTRMB

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share data)

(Unaudited)



Second Quarter of


First Two Quarters of


2024


2023


2024


2023

Revenue:








Product

$          320.4


$          490.5


$          687.5


$          924.9

Subscription and services

550.4


503.1


1,136.6


984.1

Total revenue

870.8


993.6


1,824.1


1,909.0

Cost of sales:








Product

176.5


233.9


384.0


450.1

Subscription and services

120.4


125.0


244.8


240.4

Amortization of purchased intangible assets

28.0


30.2


55.8


53.2

Total cost of sales

324.9


389.1


684.6


743.7

Gross margin

545.9


604.5


1,139.5


1,165.3

Gross margin (%)

62.7 %


60.8 %


62.5 %


61.0 %

Operating expense:








Research and development

161.5


174.8


331.7


334.1

Sales and marketing

142.5


155.3


289.3


290.7

General and administrative

148.7


141.3


282.8


252.0

Restructuring

5.1


7.6


11.7


14.3

Amortization of purchased intangible assets

26.5


31.9


53.2


43.6

Total operating expense

484.3


510.9


968.7


934.7

Operating income

61.6


93.6


170.8


230.6

Non-operating income (expense), net:








Divestitures gain, net

1,714.1


1.1


1,717.6


5.1

Interest expense, net

(18.1)


(46.7)


(63.3)


(66.4)

Income from equity method investments, net

4.3


8.0


9.9


19.4

Other income, net

0.1


1.5



29.4

Total non-operating income (expense), net

1,700.4


(36.1)


1,664.2


(12.5)

Income before taxes

1,762.0


57.5


1,835.0


218.1

Income tax provision

445.6


12.9


461.4


44.7

Net income

$       1,316.4


$            44.6


1,373.6


173.4

Earnings per share:








Basic

$            5.37


$            0.18


$            5.60


$            0.70

Diluted

$            5.34


$            0.18


$            5.56


$            0.70

Shares used in calculating earnings per share:








Basic

245.1


248.1


245.3


247.7

Diluted

246.4


249.0


246.9


248.9


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise