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Trimble Reports 1Q07 Revenue Growth of 27 Percent

Sunnyvale, Calif.-based Trimble last week announced results for its first quarter 2007, ended March 30. Revenue for the first quarter of 2007 was $285.7 million, up approximately 27 percent from revenue of $225.9 million in the first quarter of 2006.

Operating income for the first quarter of 2007 was $39.3 million, up 19 percent from the first quarter of 2006, with operating margins of 13.7 percent, compared to 14.6 percent in the first quarter of 2006. For year-over-year comparisons it should be noted the amortization of purchased intangibles increased by $5.6 million versus the first quarter of 2006 due to acquisitions.

Net income for the first quarter of 2007 was $28.7 million, up approximately 11 percent compared to net income of $25.8 million in the first quarter of 2006. Earnings per share for the first quarter of 2007 were $0.24 compared to earnings per share of $0.22 in the first quarter of 2006.

“During the first quarter, we achieved a symbolic milestone by reporting revenues of over $1 billion in a four-quarter period for the first time,” said Steven Berglund, Trimble's president and CEO. “All segments reported strong performance with much of that strength reflecting improved international results. Our outlook remains positive as we anticipate both continuing progression in our traditional businesses, as well as the potential for improving financial results within @Road, our recent acquisition.”

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location — including surveying, construction, agriculture, fleet and asset management, public safety and mapping.

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