Trimble (TRMB) Financial History

Sustainability matters and related reporting obligations may cause us to incur additional expenses or adversely affect our business or reputation

Geopolitical tensions and military conflicts, including the effects of significant trade barriers and sanctions on the world economy and markets, possible retaliatory cyber-attacks, and supply chain disruptions, have…

terrorism and war and heightened security and military activity in response to such a threat, or any future acts of terrorism or hostilities, may involve a redeployment of the satellites used in GNSS or interruptions…

Our ability to attract and retain investors, customers, and employees could be adversely affected by damage to our reputation resulting from various events including litigation or regulatory outcomes, as well as failu…

•new products or product enhancements (including AI) announced or introduced by us or our competitors;

The market price of our common stock has been, and may continue to be, highly volatile.

The Organization of Economic Cooperation and Development (“OECD”) introduced, and member countries agreed to, a framework that imposes a minimum tax of 15% to certain multinational enterprises.

The jurisdictions where we do business may change tax laws, regulations, and interpretations on a prospective or retroactive basis and these potential changes could adversely affect our effective tax rates and impact…

We market many products that are subject to governmental regulations and certifications before they can be sold.

We are subject to evolving and potentially conflicting data privacy and data security laws in the United States and other jurisdictions, which could involve substantial costs and adversely impact our business

We operate in many parts of the world that have experienced significant governmental corruption to some degree.

Many of our products are subject to U.S.

which we support in some products.

Any ITU or local reallocation of radio frequency bands, including frequency band segmentation and sharing of spectrum, or other modifications of the permitted uses of relevant frequency bands, may materially and adver…

The value of our products relies substantially on our technical innovation in fields in which there are many current patent filings.

We license software, technologies, and intellectual property underlying some of our software from third parties.

•AI may produce erroneous or misleading content, and outputs that infringe on the IP or data privacy rights of others.

•AI-related laws and regulations in the U.S.

We use AI and generative AI tools in our products, services, and operations, including customer service, data analytics, product development, and code creation.

Our future revenue stream depends to a large degree on our ability to bring new products and services to market on a timely basis.

We have experienced security breaches in the past, and despite our efforts to maintain the security and integrity of our systems, it is impossible to eliminate this risk.

A cybersecurity incident in our own systems or the systems of our third-party providers may compromise the confidentiality, integrity, or availability of our own internal data, the availability of our products and web…

Our continued success depends, in part, on our ability to hire and retain qualified personnel, advance our corporate strategy, and preserve the key aspects of our corporate culture.

Our markets are highly competitive, and we expect that both direct and indirect competition will increase in the future.

In April 2024, we contributed our precision agriculture business (“Ag”), excluding certain Global Navigation Satellite System (“GNSS”) and guidance technologies, to a JV with AGCO, of which we retained a 15% stake.

From time to time, we have divested businesses, including the sale of our agricultural business to a joint venture with AGCO and the sale of our Mobility business to Platform Science.

Continuing to develop and expand robust distribution channels is important for maintaining and increasing sales in our dynamic and evolving markets.

relationships with substantial industry participants such as Caterpillar, Nikon, Hilti, and AGCO are likely to evolve over time based upon the changing business needs and objectives of the parties.

Our management, under the oversight of the Audit Committee, has been taking actions to remediate the material weaknesses in our internal control over financial reporting; as described more fully in Part II, Item 9A, “…

The Company filed its Amendment No.

After filing the 2023 Form 10-K with the SEC, management re-evaluated the effectiveness of our internal control over financial reporting and identified additional material weaknesses in internal control over financial…

In the course of preparing our consolidated financial statements as of and for the fiscal year ended December 29, 2023, as included in the Annual Report on Form 10-K for the period ended December 29, 2023 (the “2023 F…

Our customer acquisition and renewal rates may decline or fluctuate as a result of a number of factors, including customer preferences and budgetary constraints, overall economic conditions, competitive products and e…

An increasing portion of our revenue is generated through subscription revenue, which includes SaaS and new subscription services for integrated solutions.

•civil unrest, military conflicts, geopolitical developments, war, or terrorism.

•severe weather conditions or natural disasters; and

Geopolitical conditions and their impact on our suppliers and international trade in general have previously led to shortfalls in available components we need to make products as well as increased costs to obtain comp…

We are dependent upon a limited number of contract manufacturers for the manufacture, testing, and assembly of certain products and specific suppliers for a number of our critical components.

A significant trade disruption or the establishment or increase of any trade barrier in any area where we do business—such as through increased tariffs imposed on imports into the U.S.

•imposition of other new and evolving trade barriers, including trade sanctions, duties, and import or export licensing requirements or restrictions;

U.S.

While we seek to mitigate our business risks associated with climate change by establishing robust environmental programs and partnering with organizations who are also focused on mitigating their own climate-related…

Climate change could disrupt or harm our business

For example, we have elected to share publicly our commitments and ongoing efforts in our Sustainability Report, where we address the importance of sustainability matters to our stakeholders and our Company.

In addition, we are committed to aligning our purpose, culture, and corporate strategy with sustainability.

Damage to our reputation could significantly harm our businesses, competitive position, and prospects for growth

catastrophic event, could significantly impair our ability to fulfill orders for our hardware products, including into Europe, which would negatively affect our results of operations.

Additionally, we rely on our Americas Regional Fulfillment Center (“ARFC”) in Dayton, Ohio to support our hardware product sales in the U.S.

We have claims and lawsuits against us that may result in adverse outcomes

•political, economic, or social uncertainty, such as the developments in the conflict between Russia and Ukraine;

markets could require that we redesign our products, cease selling products in certain markets, and increase our costs of product development.

Data privacy and data security laws and regulations may lack clarity and depend on regulators implementing further rules and guidance, which are often significantly delayed.

We are subject to a complex and evolving patchwork of data privacy and data security laws and regulations in the United States and other jurisdictions in which we operate.

We have experienced security breaches in the past, and despite our efforts to maintain the security and integrity of our systems, it is impossible to eliminate this risk.

Our continued success depends, in part, on our ability to hire and retain qualified personnel, advance our corporate strategy, and preserve the key aspects of our corporate culture.

The contribution of Ag to a newly formed joint venture (JV), and the sale of a majority interest in the JV, are subject to substantial risks, including failure to realize the intended benefits, unanticipated challenge…

Subsequent to the filing of the 2023 Form 10-K with the SEC on February 26, 2024, management re-evaluated the effectiveness of our internal control over financial reporting.

In the course of preparing our consolidated financial statements as of and for the fiscal year ended December 29, 2023, as included in the Annual Report on Form 10-K for the period ended December 29, 2023 (the “2023 F…

about data privacy, current subscription terms, customer preference, and industry adoption.

•disruptions in utility and other services.

•transportation failures affecting the supply chain and shipment of materials and finished goods;

•increases in wages that drive up prices of labor;

These disruptions had an adverse effect on our ability to meet customer demand and have resulted in delays in shipping products to customers and dealers.

•inadequate infrastructure and other disruptions, such as supply chain interruptions and large-scale outages or unreliable provision of services from utilities, transportation, data hosting, or telecommunications prov…

We are subject to domestic and international laws and regulations relating to sustainability matters, which may include specific, target-driven disclosure requirements or obligations.

Any of our primary locations may be vulnerable to the adverse effects of climate change.

In response to the imposition of significant new tariffs on the importation of goods from various countries, we have restructured our global fulfillment network, moving away from a largely centralized inventory in the…

Acts of war, acts of terrorism or civil unrest, natural disasters, pandemics, and other catastrophic events, especially any events that affect our larger markets or GNSS signals or systems, could have a material adver…

Claims and lawsuits against us, negative regulatory outcomes, or other events that adversely affect our reputation, could harm our business

•geopolitical tensions and uncertainties;

•political, economic, or social uncertainty;

and data security laws and regulations may lead to significant fines, private litigation, reputational harm, and business interruption.

Amendments and revisions to existing data privacy legislation, and other developments impacting data privacy and data protection may require us to modify our data processing practices and policies, increase the comple…

As a global company, we regularly transfer personal data across borders.

In addition, our use of AI and machine learning relies on access to large datasets, which creates novel data privacy challenges.

We collect, process, and store sensitive data, including personal information, for our customers and for our own business operations.

Changes in any of these areas could increase our compliance burden, raise our operating costs, or require us to alter our business practices.

As a global company, our business is subject to a complex and evolving set of international and U.S.

Many of our products use satellite signals available globally from the Russian GLONASS, China’s BeiDou, and the European Galileo GNSS Systems.

our products, or withdraw products from the market.

If we fail to navigate these challenges effectively, we could suffer reputational, technical, or competitive harm and our business and results of operations could be negatively affected.

•Any failure by our personnel, contractors, or partners to adhere to our AI policies, or otherwise use AI in an inappropriate manner, could result in violations of confidentiality obligations and laws or regulations,…

•Our AI strategy requires substantial investment in technology and talent, and there can be no assurance that our investments will be beneficial to our business.

We also maintain a minority, non-controlling interest in Platform Science, a private company that acquired our Mobility business in February 2025, and we continue to provide products and services to Platform Science u…

We have non-controlling stakes and ongoing commercial relationships with businesses that we have divested, including a joint venture (JV) with AGCO, which are subject to various risks, including the failure to realize…

We believe that in certain business areas, our success will depend on our ability to form and maintain alliances with industry participants.

•successfully implementing AI initiatives, with proper controls, to assist with achieving these objectives.

Further, certain components used in our products require long lead times for ordering, and if we do not accurately forecast the need for such components, we may end up with component shortages or excess inventory.

•imposition of new and changing tariffs, which can increase supply costs, create difficulties in forecasting, and affect our business operations;