Trimble Reports Second Quarter 2019 Results

FTRMB

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share data)

(Unaudited)

 
 

Second Quarter of

 

First Two Quarters of

 

2019

 

2018

 

2019

 

2018

Revenue:

             

Product

$

521.1

   

$

531.0

   

$

1,009.5

   

$

1,028.8

 

Service

174.6

   

136.1

   

333.8

   

264.9

 

Subscription

159.1

   

118.4

   

313.1

   

234.0

 

Total revenue

854.8

   

785.5

   

1,656.4

   

1,527.7

 

Cost of sales:

             

Product

257.0

   

250.2

   

487.7

   

485.6

 

Service

69.3

   

59.6

   

133.3

   

119.2

 

Subscription

44.1

   

29.1

   

88.5

   

57.0

 

Amortization of purchased intangible assets

23.8

   

23.9

   

48.0

   

47.0

 

Total cost of sales

394.2

   

362.8

   

757.5

   

708.8

 

Gross margin

460.6

   

422.7

   

898.9

   

818.9

 

Gross margin (%)

53.9

%

 

53.8

%

 

54.3

%

 

53.6

%

Operating expense:

             

Research and development

119.6

   

110.1

   

237.8

   

219.4

 

Sales and marketing

128.8

   

112.8

   

256.2

   

234.9

 

General and administrative

79.9

   

89.4

   

162.7

   

171.0

 

Restructuring charges

2.9

   

2.2

   

6.4

   

3.8

 

Amortization of purchased intangible assets

19.7

   

18.7

   

39.8

   

36.1

 

Total operating expense

350.9

   

333.2

   

702.9

   

665.2

 

Operating income

109.7

   

89.5

   

196.0

   

153.7

 

Non-operating income (expense), net:

             

Interest expense, net

(20.6)

   

(18.6)

   

(42.5)

   

(28.1)

 

Foreign currency transaction gain (loss), net

(1.0)

   

(3.0)

   

(1.9)

   

0.7

 

Income from equity method investments, net

12.9

   

9.5

   

21.7

   

14.4

 

Other income, net

14.4

   

1.8

   

17.3

   

5.2

 

Total non-operating income (expense), net

5.7

   

(10.3)

   

(5.4)

   

(7.8)

 

Income before taxes

115.4

   

79.2

   

190.6

   

145.9

 

Income tax provision

20.8

   

15.1

   

33.6

   

23.1

 

Net income

94.6

   

64.1

   

157.0

   

122.8

 

Net gain attributable to noncontrolling interests

   

   

0.1

   

0.2

 

Net income attributable to Trimble Inc.

$

94.6

   

$

64.1

   

$

156.9

   

$

122.6

 

Earnings per share attributable to Trimble Inc.:

             

Basic

$

0.38

   

$

0.26

   

$

0.62

   

$

0.49

 

Diluted

$

0.37

   

$

0.25

   

$

0.62

   

$

0.49

 

Shares used in calculating diluted earnings per share:

             

Basic

251.7

   

249.5

   

251.6

   

249.1

 

Diluted

254.0

   

252.2

   

254.0

   

252.7

 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Seven Mid-January Economic Nuggets
Jobs
GIS Developer for GeoDecisions at St. Charles, Missouri
GIS Developer for GeoDecisions at Vienna, Virginia
Mid-Level Developer for GeoDecisions at Raleigh, North Carolina
Dev/Ops Developer for GeoDecisions at O'Fallon, Illinois
Senior Level Developer for GeoDecisions at Raleigh, North Carolina
Business Analyst for GeoDecisions at Raleigh, North Carolina
Upcoming Events
Conservation of Architectural Heritage (CAH) 4th Edition at Luxor - Egypt http://bit.ly/CAHLOC Luxor Egypt - Jan 31 - 3, 2020
AIME at MELBOURNE Australia - Feb 17 - 19, 2020
ICPRAM 2020 at The Grand Hotel Excelsior Valletta Malta - Feb 22 - 24, 2020
Kenesto: 30 day trial
Bentley: Livestream On Demand
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise