Trimble's AECO Segment Boosts Q4 Results

Trimble Inc. reported strong fourth-quarter results with a 43% revenue increase in its AECO segment and a 5.5% overall revenue growth to $983.4 million, exceeding Wall Street estimates. The company's net income rose to $90.2 million, or 36 cents per share, from $63 million, or 25 cents per share, in the previous year. Trimble's forecast for the first quarter of 2025 projects revenue between $794 million and $824 million, surpassing analysts' average estimate. For the full year 2025, Trimble expects revenue between $3.37 billion and $3.47 billion, slightly below analyst predictions. Additionally, Trimble announced a $1 billion stock repurchase plan and highlighted a transformative year marked by increased software revenue and improved profitability. The company's guidance reflects the impact of its recent mobility divestiture.