Trimble Reports First Quarter 2015 Results

 

REPORTING SEGMENTS

(Dollars in millions)

(Unaudited)

                       
                       
       

Reporting Segments

       

Engineering

             
       

and

 

Field

 

Mobile

 

Advanced

 
       

Construction

 

Solutions

 

Solutions

 

Devices

 
                       

FIRST QUARTER OF FISCAL 2015 :

               
 

Revenues

 

$      299.3

 

$   115.3

 

$   128.2

 

$     39.8

 
                       
 

Operating income before corporate allocations:

$        37.0

 

$     40.6

 

$     20.5

 

$     15.2

 
   

Operating margin (% of segment external net revenues)

12.4%

 

35.2%

 

16.0%

 

38.2%

 
                       

FIRST QUARTER OF FISCAL 2014 :

               
 

Revenues

 

$      309.3

 

$   138.2

 

$   118.6

 

$     38.6

 
                       
 

Operating income before corporate allocations:

$        61.1

( A )

$     53.7

( A )

$     17.3

( A )

$     12.2

( A )

   

Operating margin (% of segment external net revenues)

19.8%

 

38.9%

 

14.6%

 

31.6%

 
   

( A )

Beginning with the first quarter of fiscal 2015,  the Company changed its methodology for allocating stock-based compensation. Historically, the Company allocated stock-based compensation to each business segment. Beginning in the first quarter of fiscal 2015, stock-based compensation is considered a corporate expense and not reflected in segment results.  The Company has adjusted the segment operating income for all prior periods to conform to the current year methodology.


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