Trimble To Change Reporting Of Financial Segments, To Include 'Architects, Engineers, Construction and Owners,' 'Field Systems,' And 'Transportation And Logistics'

Author: Benzinga Newsdesk | April 12, 2024 02:31pm

Trimble (NASDAQ:TRMB) announced today that it will change the reporting of its segment financial results to better reflect the Company's organizational structure and business models. Starting with first quarter 2024 results, Trimble will report revenue and operating income based on three operating segments as follows:

• Architects, Engineers, Construction and Owners ("AECO"). This segment primarily provides software solutions, which sell through a direct channel to customers in the construction industry.
• Field Systems. This segment primarily includes hardware-centric businesses, which sell through dealer partner channels.
• Transportation and Logistics ("T&L"). This segment will primarily maintain the historical businesses from the previous Transportation segment, which serves customers working in long haul trucking and freight shipper markets.

Posted In: TRMB