Trimble Inc. (NASDAQ: TRMB) announced third quarter 2019 GAAP revenue of $783.9 million, down 1% compared to the third quarter of 2018. Third quarter 2019 non-GAAP revenue of $784.3 million was down 3% vs. the same period of 2018.
Trimble reported its first quarter 2019 GAAP revenue of $801.6 million was up 8% vs. the first quarter of 2018. Resources and Utilities revenues, which include the company’s ag activities, was $159.5 million, flat on a year-over-year basis.
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In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.