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0:00 / 0:00I. Business Overview & Strategy
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Trimble Secures $2B from AGCO JV as Revenue Rises 3.4% on Recurring Shift

TRMB10-KFiling Date: 1/16/2025
Trimble Inc.
Description

What this story covers

Trimble's 2023 revenue grew 3 point 4 percent to 3 point 8 billion dollars, driven by 20 percent subscription surge to 53 percent of total, despite product decline. Key moves: 2 point 1 billion dollars Transporeon acquisition boosting Transportation; pending 2 billion dollars AGCO ag JV for focus on core. Operating income dipped 12 percent to 449 million dollars amid investments. Debt rose to 3 point 1 billion dollars; liquidity solid at 598 million dollars op cash. Internal controls ineffective due to weaknesses, under remediation.

Story snapshot

CompanyTrimble Inc.
TickerTRMB
VariantStandard detailed
Duration19:25
Filing type10-K
PeriodAnnual 2023
IndustryTechnology
Accession0000864749-25-000011

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