Trimble (TRMB) Tops Q1 EPS by 8c, Revenues Beat

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Trimble Reports First Quarter 2020 Results

May 6, 2020 4:06 PM EDT

SUNNYVALE, Calif., May 6, 2020 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) today announced financial results for the first quarter of 2020.

First Quarter 2020 Financial Summary

First quarter 2020 GAAP revenue of $792.3 million was down 1 percent as compared to the first quarter of 2019. First quarter 2020 non-GAAP revenue of $794.0 million was down 1 percent as compared to the first quarter of 2019.

Buildings and Infrastructure revenue was $296.9 million, up 1 percent. Geospatial revenue was $146.2 million, down 9 percent. Resources and Utilities revenue was $180.3 million, up 13 percent. Transportation revenue was $170.6 million, down 10 percent.

GAAP operating income was... More