Trimble Inc. (TRMB) has approved a new share‑repurchase program of up to $1 billion, effectively canceling the $273 million of remaining authorization that was in place at the end of the third quarter of 2025. The move expands the company’s capital‑return capacity and signals confidence in its free‑cash‑flow generation.
The program will be executed through accelerated buybacks, open‑market transactions, and other mechanisms, giving Trimble flexibility to deploy capital as opportunities arise. The decision follows a record $727.4 million of shares repurchased year‑to‑date, a 27% increase over the $560 million repurchased in the same period of 2024, underscoring the company’s commitment to returning value to shareholders while maintaining investment in growth initiatives.
Trimble’s recent earnings performance provides context for the share‑repurchase authorization. In the third quarter of 2025, the company reported non‑GAAP earnings per share of $0.81, beating analyst expectations of $0.72 by $0.09 (a 12.5% beat). Revenue of $901 million also exceeded the consensus of $870.64 million by $30.36 million (a 3.5% beat). The earnings beat was driven by disciplined cost management and a favorable mix shift toward higher‑margin software and services, which now account for nearly 80% of total revenue.
Management highlighted the strength of the company’s recurring‑revenue model and its “Connect & Scale” strategy. CEO Rob Painter noted that the third‑quarter results “demonstrate the continued execution of our strategy, delivering record recurring revenue and solid margin expansion.” The guidance for the full year was raised, reflecting confidence in sustained demand and the ability to generate excess cash flow that can be returned to shareholders through buybacks and dividends.
The share‑repurchase program is part of Trimble’s broader capital‑allocation framework, which allocates roughly one‑third of free cash flow to buybacks. By canceling the remaining $273 million of the prior authorization, the company frees up capital for future opportunities while reinforcing its commitment to shareholder returns. The program’s flexibility allows Trimble to respond to market conditions and investment opportunities without committing to a fixed schedule, aligning capital deployment with the company’s strategic priorities.
The announcement was well received by investors, who viewed the expanded buyback authorization as a positive signal of financial strength and management confidence in the company’s long‑term prospects.
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