Trimble Q1 Report: Revenue Up 20 Percent

Trimble announced Thursday (April 28, 2011) that its first-quarter 2011 revenue was up 20 percent at $384.3 million as compared to the first quarter of 2010. 

Operating income grew 21 percent to $43.7 million compared to the year-earlier period.  Operating margin in the first quarter of 2011 was 11.4 percent, approximately flat compared to the first quarter of 2010. 

First quarter 2011 non-GAAP operating income of $70.1 million was up 23 percent; the non-GAAP operating margin was 18.2 percent.

Trimble announced Thursday (April 28, 2011) that its first-quarter 2011 revenue was up 20 percent at $384.3 million as compared to the first quarter of 2010. 

Operating income grew 21 percent to $43.7 million compared to the year-earlier period.  Operating margin in the first quarter of 2011 was 11.4 percent, approximately flat compared to the first quarter of 2010. 

First quarter 2011 non-GAAP operating income of $70.1 million was up 23 percent; the non-GAAP operating margin was 18.2 percent.

First quarter 2011 net income was $39.7 million, up 42 percent from the year-earlier period. Diluted earnings per share in the first quarter of 2011 were $0.32 as compared to diluted earnings per share of $0.23 in the first quarter of 2010.

“We continued to track against expectations in the first quarter," said Steven W. Berglund, Trimble’s president and chief executive officer.  "Engineering and Construction segment results reflected growth in all regions. . . .  Field Solutions results reflected growth in both agricultural and GIS product sales.”

Berglund added, “At this point, we remain comfortable with our original outlook for the full year.”

Image