Trimble Inc. (TRMB) CEO Rob Painter on Q2 2020 Results - Earnings Call Transcript

Aug. 06, 2020 12:42 AM ETTrimble Inc. (TRMB) StockTRMB
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Q2: 2020-08-05 Earnings Summary

EPS of $0.52 beats by $0.13
 | Revenue of $735.20M (-14.09% Y/Y) beats by $28.21M

Trimble Inc. (NASDAQ:TRMB) Q2 2020 Earnings Conference Call August 5, 2020 5:00 PM ET

Company Participants

Rob Painter - CEO
David Barnes - CFO
Michael Leyba - Director, IR

Conference Call Participants

Ann Duignan - JPMorgan
Jerry Revich - Goldman Sachs
Jason Celino - KeyBanc Capital
Rob Wertheimer - Melius Research
Colin Rusch - Oppenheimer
Richard Eastman - Baird
Andrew DeGasperi - Berenberg
Richard Valera - Needham & Company

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Trimble Second Quarter Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] And please be advised that today’s call is being recorded. [Operator Instructions]

I would now like to hand the call over to your speaker for today Mr. Rob Painter, Chief Executive Officer. Please go ahead.

Rob Painter

Good afternoon everyone. Before I get started, a quick reminder that our presentation is available on our website, and we ask that you please refer to the Safe Harbor at the back.

Despite difficult circumstances in the second quarter, our team rose to the occasion. I’m deeply grateful for the ingenuity and commitment to outcomes demonstrated by my colleagues and our worldwide network of partners over these last few months.

What I said on our call in May remains true today. That is, we will get through this crisis. We are well-positioned to endure the macroeconomic shock. And we will emerge stronger on the other side of this. Our belief in our long-term strategy remains undiminished.

Slide two lists the five key messages we want to convey today. First, our resilience, the quality of our strategy and the strength of our financial model enabled us to outperform our own expectations in the second quarter. ARR, at $1.21 billion, adjusted EBITDA margins at

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