Trimble (TRMB) Q4 2025 Earnings Call Transcript

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Tuesday, Feb. 10, 2026 astatine 8:00 a.m. ET

• Chief Executive Officer — Robert Painter

• Chief Financial Officer — Phillip Sawarynski

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Robert Painter: Welcome, everyone. Before I get started, our presumption and harmless harbor statements are disposable connected our website. Our fiscal reappraisal volition absorption connected year-over-year non-GAAP show metrics connected an integrated basis. In addition, we volition absorption connected adjusted numbers that we judge much accurately represent the underlying show of our business. This means we volition exclude the divested agriculture and mobility businesses arsenic good arsenic the 53rd week of fiscal 2024. For the 4th quarter, we volition besides set for the timing of January 1 word licence renewals. As reported numbers, on with the reconciliation are provided successful the appendix of our descent presentation. Okay. Let's get to it.

Our 4th fourth results delivered a apical and bottommost enactment beat, punctuating a beardown adjacent to a beardown twelvemonth and positioning america good to present successful 2026 and done the 2027 program we presented astatine our past Investor Day. The results of the 4th and the twelvemonth show the durability of our focused portfolio and the compounding returns of our Connect & Scale strategy. As shown connected Slide 4, we delivered $970 cardinal successful gross successful the quarter, up 9%. For the year, gross was $3.57 billion, up 10%. Our ARR grew 14% to $2.39 cardinal with a notable 16% summation successful our AECO conception and 20% summation successful Field Systems.

Earnings per stock of $1 successful the 4th was up 12% and $3.13 for the year, up 10%. Both were adjacent higher connected an integrated basis. Connect & Scale is some an exertion and a level strategy. As Slide 5 visualizes, our applications manifest arsenic best-in-class hardware and bundle solutions, whereas level manifests done connected workflows and ecosystems. Said different way, an exertion solves 1 problem, whereas a level connects people, information and workflows to code strategy complexity. Furthermore, a level empowers an ecosystem wherever customers and partners tin physique and widen offerings and integrated workflows. Platforms get stronger and much invaluable arsenic much radical usage them, creating a web effect wherever each participants benefit.

With this successful mind, we allocate superior on this continuum of merchandise development, go-to-market and the underlying systems and processes to unlock our afloat potential. By connecting the hardware and bundle of Trimble to link the bureau and the field, we are connecting the carnal and integer worlds. In turn, we are delivering solutions that progressively compound lawsuit outcomes by leveraging unsocial data, connected solution capabilities and our unmatched go-to-market reach. We spot AI arsenic a unit multiplier that accelerates worth transportation on this full flywheel. Slide 6 illustrates the fiscal outcomes of disciplined execution since we began our Connect & Scale travel successful 2020. We person expanded recurring gross arsenic a percent of full gross from 40% to 65%.