Trimble Inc. (NASDAQ:TRMB) Files An 8-K Results of Operations and Financial Condition

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Trimble Inc. (NASDAQ:TRMB) Files An 8-K Results of Operations and Financial Condition

Item2.02.

Results of Operations and Financial
Condition

In March 2017, Trimble Inc. (the Company) effected a change in
its financial reporting segments to better align with the
Companys customer base and end markets. Over time, the Company
has experienced significant growth both organically and through
strategic business acquisitions. Trimbles strategy has been to
address attractive markets with significant growth and profit
potential, including an increased focus on software and service
offerings, international expansion, vertically-focused
distribution channels and optimization of our domain knowledge to
provide innovative technological solutions to a more diverse
customer base. Trimbles focus on these growth drivers has led
over time to growth in revenue and profitability as well as an
increasingly diversified business model. As a result of the
Companys evolution, Trimbles chief operating decision maker (its
Chief Executive Officer) changed the information he regularly
reviews to allocate resources and assess performance. Beginning
with the first fiscal quarter of 2017, the Company will report
its financial performance, including revenues and operating
income, based on four new reportable segments Buildings and
Infrastructure, Geospatial, Resources and Utilities and
Transportation.

See Exhibit99.1 for more details about the new segment structure
and Exhibit 99.2 for a recast of historical quarterly financial
results by segment under the new structure.

We are furnishing this Form 8-K to provide a description of our
new reporting structure and present summary financial information
and historical data on a basis consistent with the new structure.
Beginning with the quarter ending March31, 2017, our financial
statements will reflect the new reporting structure with prior
periods adjusted accordingly.

In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K, shall not be
deemed to be filed for purposes of Section18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liability of that section, and shall not be
incorporated by reference into any registration statement or
other document filed under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such filing.

Item9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

Description

99.1 Press Release dated April13, 2017 relating to Trimbles
announcement of its new reporting segments.
99.2

Recast of historical quarterly and fiscal year financial
results by segment.


About Trimble Inc. (NASDAQ:TRMB)

Trimble Inc., formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company has four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in engineering and construction, among others. The Field Solutions segment provides solutions for the farming, government and consumer markets, with its products focused on agriculture and geographic information systems (GIS). The Mobile Solutions segment provides solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets in the areas of transportation and logistics and field services management. The Advanced Devices segment consists of the Embedded Technologies, Timing, Applanix, Military and Advanced Systems, and ThingMagic businesses. Its products for Engineering and Construction field include Aerial Mapping and Controllers.

Trimble Inc. (NASDAQ:TRMB) Recent Trading Information

Trimble Inc. (NASDAQ:TRMB) closed its last trading session down -0.38 at 30.46 with 649,046 shares trading hands.