Trimble reports Q2 2023 financial results
Trimble reported sales of US$993.6 million for Q2, 2023, up from US$941.2 million a year ago. GAAP operating income for Q2 2023 was US$93.6 million, down from US$134.9 million for Q2 2022. "Record annualized recurring revenue of $1.88 billion and gross margin of 64.2 percent in the second quarter demonstrates execution of our Connect and Scale strategy," said Rob Painter, Trimble's president and chief executive officer. "Our second quarter results demonstrate how Trimble technology enhances productivity and sustainability outcomes for our customers" [See Trimble press release] -- Posted Thursday, August 3, 2023 by chb
Honeywell reports Q2 2023 financial results
Honeywell reported Q2 2023 sales of US$9.146 billion, up 2% from US$8.953 billion Q2 2022. The Safety and Productivity Solutions segment (Honeywell AIDC) had Q2 2023 sales of US$1.433 billion, down 22% from US$1.829 billion Q2 2022, led by lower volumes in productivity solutions and services and warehouse and workflow solutions. Q2 2023 Safety and Productivity Solutions segment profit was US$239 million versus US$231 million Q3 2022 as strength in advanced sensing technologies and productivity solutions and services was offset by lower personal protective equipment and warehouse automation volumes. [See Honeywell Q2 2023 financials] -- Posted Tuesday, August 1, 2023 by chb
Zebra reports Q2 2023 financial results
Zebra Technologies reported sales of US$1,214 million for Q2, 2023, down from US$1,468 million a year ago. Operating income for Q2 2023 was US$170 million, down from US$243 million for Q2 2022. "Our second quarter results were impacted by softening demand and more cautious customer spending, particularly in our retail and logistics end markets, and by distributor destocking. Profit margin was higher than expected, enabling us to achieve our EPS outlook for the quarter,” said Bill Burns, Chief Executive Officer of Zebra Technologies. For full 2023, the Company expects net sales to decrease between 20% and 23% compared to 2022. [See Zebra Q2 2023 financials] -- Posted Tuesday, August 1, 2023 by chb