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Trimble Inc. (TRMB) Q4 2022 Earnings Call Transcript

Feb. 08, 2023 1:56 PM ETTrimble Inc. (TRMB)
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Trimble Inc. (NASDAQ:TRMB) Q4 2022 Earnings Conference Call February 8, 2023 8:00 AM ET

Company Participants

Rob Painter - Chief Executive Officer

David Barnes - Chief Financial Officer

Michael Leyba - Investor Relations

Conference Call Participants

Jonathan Ho - William Blair & Company

Rob Wertheimer - Melius Research

Chad Dillard - Sanford C. Bernstein

Kristen Owen - Oppenheimer & Co. Inc.

Tami Zakaria - JPMorgan

Jason Celino - KeyBanc Capital Markets

Jerry Revich - Goldman Sachs

Rob Mason - Robert W. Baird


Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Trimble Fourth Quarter 2022 Results Conference Call. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. [Operator Instructions]

At this time, I would like to turn the conference over to Rob Painter, Chief Executive Officer. Please go ahead.

Rob Painter

Welcome, everyone. Before I get started, our presentation is available on our website; and we ask that you refer to the Safe Harbor at the back. Our financial commentary today will reflect non-GAAP performance metrics, including organic growth comparisons, which will relate to the corresponding period of last year, unless otherwise noted.

The Trimble 3-4-3 operating model simultaneously balances a view on looking forward 3 months, 4 quarters and 3 years. As I think about framing today’s commentary on 2022, I think there is a parallel to look back 3 months at our fourth quarter, 4 quarters to look back at the year 2022, and 3 years back to 2020 when we began our Connect and Scale journey.

COVID, supply chain disruptions and net divestitures over these last 3 years has created a dynamic that makes it challenging to discern the signal from the noise

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