Trimble Announces Record 2019 Financial Results
- Record annual revenue, net income, operating cash flowSUNNYVALE, Calif., Feb. 12, 2020 — (PRNewswire) — Trimble Inc. (NASDAQ: TRMB) today announced fourth quarter and fiscal year 2019 financial results.
Fourth Quarter 2019 Financial Summary
Fourth quarter 2019 GAAP revenue of $824.0 million was up 5 percent as compared to the fourth quarter of 2018. Fourth quarter 2019 non-GAAP revenue of $826.7 million was up 4 percent as compared to the fourth quarter of 2018. Fourth quarter 2019 was a 14-week quarter and fourth quarter 2018 was a 13-week quarter.
Buildings and Infrastructure revenue was $313.8 million, up 9 percent. Geospatial revenue was $168.7 million, down 6 percent. Resources and Utilities revenue was $138.1 million, up 6 percent. Transportation revenue was $206.1 million, up 5 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 $88.2 million, down 2 percent as compared to the fourth quarter of 2018. GAAP operating margin was 10.7 percent of revenue as compared to 11.4 percent of revenue in the fourth quarter of 2018.
GAAP net income was $279.3 million, up 223...