NASDAQ$TRMB

Trimble Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Trimble's first quarter results were announced, with earnings per share exceeding guidance and an increase in annualized recurring revenue.

Trimble reported first quarter GAAP revenue of $792.3 million, a 1% decrease compared to Q1 2019. GAAP diluted earnings per share were $0.25, consistent with the previous year. The company has suspended further stock repurchases.

  • Earnings per share exceeded guidance.
  • Annualized recurring revenue reached $1.15 billion, up 7 percent year-over-year.
  • Trailing twelve month operating cash flow increased by 8 percent.
  • Company suspended further stock repurchases due to the current environment.

Headline financials

Total Revenue

$792M

Previous: $802M-1.2%
EPS (adj)

$0.49

Previous: $0.45+8.9%
Annualized Recurring Revenue

$1.15B

No prior period
GAAP Operating Margin

12.4%

No prior period
Capital Expenditures

-$16.7M

Previous: -$14.5M-15.2%
Free Cash Flow

$45.2M

Previous: $47.8M-5.4%
Net Income

$61.9M

Previous: $62.3M-0.6%
Operating Income

$98.3M

Previous: $86.3M+13.9%
Gross Profit

$441M

Previous: $438M+0.6%
Cash & Equivalents

$217M

Previous: $217M+0.0%
Total Assets

$6.71B

Previous: $5.92B+13.3%

Revenue & EPS history

Trimble · Revenue · Quarterly

$792M

Q1 2020-1.2%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Due to the continued global economic uncertainty caused by the COVID-19 pandemic, Trimble is not providing a financial outlook for the second quarter of 2020 or the remainder of 2020 at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+20.4%

Q3 2015

Best reaction

-16.0%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.2%-16.6%-20.5%
Q4 2025+2.9%-0.8%-1.2%
Q3 2025+2.5%+1.4%+6.3%
Q1 2025+4.7%+11.4%+14.1%
Q4 2024+0.6%-5.6%-6.1%
Q3 2024+17.1%+19.1%+21.5%
Q2 2024+1.5%+3.7%+12.0%
Q1 2024-6.5%-5.9%-7.3%
Q4 2023+6.6%+14.8%+20.6%
Q3 2023-11.2%-11.3%+0.5%
Q2 2023+3.7%+1.4%+2.4%
Q1 2023+3.5%+3.4%+7.8%
Q4 2022-3.7%-6.0%-19.0%
Q3 2022-13.1%-4.5%+1.9%
Q2 2022-2.9%-0.4%-11.6%
Q1 2022-8.4%-11.5%-1.9%
Q4 2021-4.3%-8.0%-8.6%
Q3 2021-2.1%+0.8%-5.3%
Q2 2021+4.2%+3.9%+10.5%
Q1 2021-5.0%-2.7%-0.1%
Q4 2020-2.2%-1.0%-1.1%
Q3 2020+6.0%+9.2%+19.6%
Q2 2020+8.7%+7.3%+10.7%
Q1 2020+11.0%+13.0%+37.4%
Q4 2019+2.5%+3.6%-35.3%
Q3 2019+0.7%+4.0%+2.5%
Q2 2019-14.2%-16.4%-15.6%
Q1 2019+3.2%+5.1%-2.3%
Q4 2018-0.1%+0.7%-0.5%
Q3 2018+2.1%-2.5%+1.7%
Q2 2018+15.2%+10.7%+19.3%
Q1 2018+0.4%-1.0%-0.2%
Q4 2017-6.7%-3.8%-3.4%
Q3 2017+4.1%-0.8%+2.2%
Q2 2017+0.9%+0.9%+3.1%
Q1 2017+9.6%+11.4%+10.6%
Q4 2016+5.5%+4.5%+4.8%
Q3 2016-7.1%-6.4%+0.1%
Q2 2016+0.6%+3.5%+1.8%
Q1 2016-7.6%
Q4 2015+12.3%
Q3 2015+20.4%
Q2 2015-16.0%
Q1 2015+2.7%
Q4 2014-0.3%
Q3 2014-11.0%
Q2 2014+3.4%
Q1 2014-8.9%
Q4 2013+16.1%
Q3 2013+17.7%
Q2 2013+2.4%
Q1 2013-6.5%
Q4 2012-2.8%
Q3 2012+11.7%
Q2 2012-1.6%
Q1 2012-0.0%
Q4 2011-1.5%
Q3 2011-1.5%
Q2 2011-1.2%
Q1 2011+2.6%
Q4 2010-0.7%
Q4 2009-0.7%
Q3 2010-2.3%
Q1 2010-4.0%
Q2 2010-4.0%

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