NASDAQ$TRMB

Trimble Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Trimble's Q2 2022 results exceeded expectations, driven by growth in annualized recurring revenue and gross margin.

Trimble announced record annualized recurring revenue of $1.51 billion, up 12 percent year over year, and second quarter total revenue of $941.2 million, up 6 percent excluding the effects of divestitures, acquisitions, and foreign currency translation. The company's adjusted EBITDA was $227.5 million, representing 24.2 percent of revenue.

  • Record annualized recurring revenue of $1.51 billion, up 12 percent and 15 percent on an organic basis.
  • Second quarter total revenue of $941 million, up 6 percent on an organic basis.
  • GAAP operating income was $134.9 million and non-GAAP operating income was $210.7 million.
  • Adjusted EBITDA of $227.5 million, 24.2 percent of revenue.

Headline financials

Total Revenue

$941M

Previous: $945M-0.4%
EPS (adj)

$0.64

Previous: $0.72-11.1%
Annualized Recurring Revenue

$1.51B

Previous: $1.35B+11.9%
Capital Expenditures

-$28.5M

Previous: -$21.4M-33.2%
Free Cash Flow

$140M

Previous: $118M+18.7%
Net Income

$168M

Previous: $139M+21.0%
Operating Income

$135M

Previous: $145M-6.8%
Gross Profit

$538M

Previous: $525M+2.3%
Cash & Equivalents

$350M

Previous: $484M-27.7%
Total Assets

$6.92B

Previous: $6.96B-0.6%
Stock-Based Comp

$33M

Previous: $35.6M-7.3%

Revenue & EPS history

Trimble · Revenue · Quarterly

$941M

Q2 2022-0.4%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

For the full-year 2022, Trimble now expects to report revenue between $3,760 million and $3,820 million and GAAP earnings per share of $1.89 to $1.99, and non-GAAP earnings per share between $2.70 and $2.80.

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 Q2 2022

Historical avgQ2 2022

+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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