Home News Business Trimble reports second quarter 2006 revenue growth of 20 per cent

Trimble reports second quarter 2006 revenue growth of 20 per cent

California, USA, 25 July 2006: Trimble has announced results for its second quarter 2006, ended June 30, 2006. Revenue for the second quarter of 2006 was $245.3 million, up 20 per cent from revenue of $204.2 million in the second quarter of 2005.

Operating income for the second quarter of 2006 was $38.7 million, flat when compared to the second quarter of 2005. The operating income in the second quarter of 2006 was up 27 percent compared to the second quarter of 2005.

Net income for the second quarter of 2006 was $28.5 million, up 20 percent when compared to net income of $23.8 million in the second quarter of 2005. Earnings per share for the second quarter of 2006 were $0.49, up approximately 17 percent compared to earnings per share of $0.42 in the second quarter of 2005.

In the third quarter of 2006 the company expects revenue to grow 17 to 19 percent compared to the third quarter of 2005, with revenue between $220 million and $225 million. At a 35 percent tax rate, with approximately 59 million shares outstanding, the Company expects third quarter 2006 GAAP earnings per share between $0.36 and $0.39.