Trimble (NASDAQ: TRMB) reported Q4 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $708.4 million versus the consensus estimate of $674.84 million.

Fourth Quarter 2017 Financial Summary

• Fourth quarter 2017 revenue of $708.4 million was up 21 percent as compared to the fourth quarter of 2016. Buildings and Infrastructure revenue was $209.6 million, up 18 percent. Geospatial revenue was $176.4 million, up 11 percent. Resources and Utilities revenuewas $131.6 million, up 38 percent. Transportation revenue was $190.8 million, up 24 percent.
• GAAP operating income was $62.8 million, up 14 percent as compared to the fourth quarter of 2016. GAAP operating margin was 8.9 percent of revenue as compared to 9.4 percent of revenue in the fourth quarter of 2016.
• The U.S. Tax Cuts and Jobs Act was enacted on December 22, 2017 and resulted in a provisional tax expense impact of $85 million in the fourth quarter of 2017 primarily due to the one-time transition tax on accumulated foreign subsidiary earnings and deferred tax impacts.
• GAAP net loss was $35.0 million, down 193 percent as compared to the fourth quarter of 2016. Diluted GAAP loss per share was $(0.14) as compared to diluted GAAP earnings per share of $0.15 in the fourth quarter of 2016.
• Non-GAAP operating income of $126.3 million was up 18 percent as compared to the fourth quarter of 2016. Non-GAAP operating margin was 17.8 percent of revenue as compared to 18.3 percent of revenue in the fourth quarter of 2016.
• Non-GAAP net income of $98.7 million was up 24 percent as compared to the fourth quarter of 2016. Diluted non-GAAP earnings per share were $0.39 as compared to diluted non-GAAP earnings per share of $0.31 in the fourth quarter of 2016.

For earnings history and earnings-related data on Trimble (TRMB) click here.