WESTMINSTER, CO, Feb 12, 2024 – Trimble Inc. announced financial results for the fourth quarter and fiscal year 2023. Revenue for the fourth quarter of 2023 was $932.4M, down 2.6% compared to $957.3M for the third quarter of 2023. GAAP net income was $63M.

“We finished 2023 with a record level of ARR, Gross Margin, and Adjusted EBITDA,” said Rob Painter, Trimble’s president and chief executive officer. “We enter 2024 with resolve to continue executing our strategy and returning capital to shareholders, 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.