SUNNYVALE, Calif., April 13, 2017 /PRNewswire/
-- Trimble (NASDAQ: TRMB) today announced that it will
change the reporting of its segment financial results to better
reflect the Company's customer base and end markets. Starting with
first quarter results, which will be announced on April 27, 2017, Trimble will report revenue and
operating income based on four operating segments: Buildings
and Infrastructure, Geospatial, Resources and Utilities, and
Transportation.
The Buildings and Infrastructure segment primarily serves
customers working in architecture, engineering, construction, and
operations and maintenance. Under the new structure, the segment
had 2016 full-year revenue of $743
million.
The Geospatial segment primarily serves customers working in
surveying, engineering, and government. Under the new structure,
the segment had 2016 full-year revenue of $635 million.
The Resources and Utilities segment primarily serves customers
working in agriculture, forestry, and utilities. Under the new
structure, the segment had 2016 full-year revenue of $396 million.
The Transportation segment primarily serves customers working in
transportation, including transportation and logistics, automotive,
rail, and the military. Under the new structure, the segment had
2016 full-year revenue of $588
million.
The following tables illustrate the placement of key businesses
in the new reporting segments compared to the prior reporting
structure:
New Reporting
Segments
|
Buildings &
Infrastructure
Includes: building
construction, civil engineering & construction
|
Geospatial
Includes: surveying
& geospatial, geographic information systems (GIS), timing,
Applanix (inertial)
|
Resources &
Utilities
Includes:
agriculture, water and electric utilities, forestry,
mining
|
Transportation
Includes:
transportation and logistics, field service management, embedded
technologies, rail, military
|
|
|
Prior Reporting
Segments
|
Engineering and
Construction
Includes: surveying
& geospatial, civil engineering & construction, building
construction, mining, rail
|
Field
Solutions
Includes:
agriculture, geographic information systems (GIS), water and
electric utilities
|
Mobile
Solutions
Includes:
transportation and logistics, field service management,
forestry
|
Advanced
Devices
Includes: embedded
technologies, timing, Applanix (inertial), military
|
Financial segment information for the four quarters and the full
year for fiscal years 2014, 2015 and 2016, as if reported under the
new structure, will be available in an 8-K filed today and is
posted in the Investor Relations section of the Company's web site
at: http://investor.trimble.com.
The Company will announce its financial results for the first
quarter on April 27, 2017, and will
report financial performance based on these revised segments. For
the first quarter results only, revenue will also be provided for
the operating segments that Trimble reported during fiscal year
2016.
About Trimble
Trimble is transforming the way the world works by delivering
products and services that connect the physical and digital worlds.
Core technologies in positioning, modeling, connectivity and data
analytics enable customers to improve productivity, quality, safety
and sustainability. From purpose built products to enterprise
lifecycle solutions, Trimble software, hardware and services are
transforming a broad range of industries such as agriculture,
construction, geospatial and transportation and logistics. For more
information about Trimble (NASDAQ:TRMB), visit:
www.trimble.com.
FTRMB
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SOURCE Trimble