Trimble Announces Record 2018 Financial Results
- Fourth Quarter 2018 GAAP Revenue $785.5 million; Non-GAAP Revenue $792.9 million; GAAP Diluted Earnings Per Share $0.34; Non-GAAP Diluted Earnings Per Share $0.48SUNNYVALE, Calif., Feb. 6, 2019 — (PRNewswire) — Trimble Inc. (NASDAQ: TRMB) today announced fourth quarter and fiscal year 2018 financial results.
Fourth Quarter 2018 Financial Summary
Fourth quarter 2018 GAAP revenue of $785.5 million was up 12 percent as compared to the fourth quarter of 2017. Fourth quarter 2018 non-GAAP revenue of $792.9 million was up 13 percent as compared to the fourth quarter of 2017.
Buildings and Infrastructure revenue was $287.0 million, up 40 percent. Geospatial revenue was $178.8 million, up 2 percent. Resources and Utilities revenue was $130.1 million, down 2 percent. Transportation revenue was $197.0 million, up 4 percent. Segment revenues reflect the results of Trimble's reportable segments under its management reporting system and are non-GAAP measures.
GAAP operating income was $89.6 million, up 61 percent as compared to the fourth quarter of 2017. GAAP operating margin was 11.4 percent of revenue as compared to 8.0 percent of revenue in the fourth quarter of 2017.
GAAP net income was $86.5 million, up 341 percent...