Piper Sandler Upgrades Trimble Navigation (TRMB) to Overweight, 'Better Organic Growth, Debt Paydown, & Buybacks'

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Go back to Piper Sandler Upgrades Trimble Navigation (TRMB) to Overweight, 'Better Organic Growth, Debt Paydown, & Buybacks'

Trimble Announces Fourth Quarter and Full Year 2023 Results and Initiates 2024 Guidance

February 12, 2024 6:55 AM EST

 Record annualized recurring revenue of $1.98 billion, up 24 percent on a year-over-year basis, up 13 percent on an organic basisFull year GAAP gross margin of 61.4 percent and non-GAAP gross margin of 64.7 percentFull year GAAP operating income was $448.8 million, 11.8% of revenue, and non-GAAP operating income was $934.7 million, 24.6% of revenueFull year Adjusted EBITDA was $1.0 billion, 26.6 percent of revenue

WESTMINSTER, Colo., Feb. 12, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:... More