WESTMINSTER, CO, Feb 9, 2023 – Trimble Inc. announced financial results for the fourth quarter and fiscal year 2022 financial results. Revenue for the fourth quarter of 2022 was $856.5M, down 3.2% compared to $884.9M for the third quarter of 2022. GAAP net income was $85.6M.

“Trimble is a purpose-driven company, transforming and digitizing industries that support how we live, what we eat, and how we move,” said Rob Painter, Trimble’s president and chief executive officer. “Record revenue, annualized recurring revenue, and gross margins in 2022 demonstrate progression of our Connect and Scale strategy. We enter 2023 with resolve to continue executing our strategy while navigating macroeconomic uncertainties.”

A complete chart of the financial results is available here.

About Trimble

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable their customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

For more information about Trimble, visit www.trimble.com.