Trimble Reports Second Quarter 2009 Revenue of $290.1 Million and Non-GAAP Earnings Per Share of $0.31

Forward Looking Guidance

For the third quarter of 2009 Trimble expects revenue in the range of $275 million plus or minus five percent. At a point estimate of $275 million in revenue, Trimble expects third quarter 2009 GAAP earnings per share of $0.13 and non-GAAP earnings per share of $0.25. Non-GAAP guidance for the third quarter of 2009 excludes the amortization of intangibles of $13.3 million related to previous acquisitions, the anticipated impact of stock-based compensation expense of $4.5 million and $1.3 million in anticipated restructuring charges. Both GAAP and non-GAAP earnings per share assume a 28 percent tax rate and 122.5 million shares outstanding.

Investor Conference Call / Webcast Details

Trimble will hold a conference call on July 28, 2009 at 1:30 p.m. PT to review its second quarter 2009 results. It will be broadcast live on the Web at investor.trimble.com Investors without Internet access may dial into the call at (800) 528-9198 (U.S.) or (706) 634-6089 (international). A replay of the call will be available for seven days at (800) 642-1687 (U.S.) or (706) 645-9291 (international) and the pass code is 20081931. The replay will also be available on the Web at the address above.

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location--including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.

For more information visit Trimble's Web site at www.trimble.com.

Safe Harbor

Certain statements made in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations for future financial market and economic conditions, our ability to maintain operating margins, revenue and earnings per share that Trimble expects to report in the third quarter 2009, changes in tax-rate, estimated restructuring costs and when we can return to year-over-year revenue growth. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this press release due to certain risks and uncertainties. If the current global economic crisis and recessionary conditions in the U.S. and Europe worsen or do not improve it may negatively impact our customers' purchasing decisions worldwide, including in emerging markets. In addition, the Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products. Any weakening of our accounts receivable or write-off of goodwill could also impair our financial results. Any failure to achieve predicted results could negatively impact the Company's revenues, cash flow from operations and other financial results. The Company's financial results will also depend on a number of other factors, including the risks detailed from time to time in reports filed with the SEC, including its quarterly reports on Form 10-Q and its annual report on Form 10- K. Undue reliance should not be placed on any forward-looking statement contained herein, especially in light of greater uncertainty than normal in the economy in general. These statements reflect the Company's position as of the date of this release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company's expectations or any change of events, conditions, or circumstances on which any such statement is based.

FTRMB

                                    TRIMBLE
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                      (In thousands, except per share data)
                                   (Unaudited)

                                     Three Months Ended   Six Months Ended
                                     ------------------   ----------------

                                      Jul-3,    Jun-27,   Jul-3,    Jun-27,
                                       2009      2008      2009      2008
                                       ----      ----      ----      ----

    Revenue                          $290,063  $377,767  $579,017  $733,063
    Cost of sales                     147,263   190,668   292,259   371,588
                                      -------   -------   -------   -------
    Gross margin                      142,800   187,099   286,758   361,475
                                      -------   -------   -------   -------
    Gross margin (%)                     49.2%     49.5%     49.5%     49.3%

    Operating expenses
        Research and development       33,457    39,405    67,594    76,750
        Sales and marketing            45,163    51,904    94,098   103,062
        General and administrative     26,622    25,289    52,664    47,979
        Restructuring                   1,302     2,414     4,925     2,414
        Amortization of purchased
         intangible assets              7,530     5,163    14,499    10,306
                                                                      -----          -----        ------        ------
                      Total  operating  expenses      114,074      124,175      233,780      240,511
                                                                            -------      -------      -------      -------


        Operating  income                                      28,726        62,924        52,978      120,964

        Non-operating  income,  net
                Interest  income                                      223              508              422              965
                Interest  expense                                  (465)          (413)          (958)      (1,175)
                Foreign  currency  transaction
                  gain  (loss),  net                                (216)        1,253              (32)        2,221
                Income  from  joint  ventures,
                  net                                                            352          2,618              520          4,633
                Other  income  (expense),  net          1,161              153              447            (754)
                                                                                -----              ---              ---            ----
                      Total  non-operating  income,
                        net                                                  1,055          4,119              399          5,890
                                                                                -----          -----              ---          -----

        Income  before  taxes                                29,781        67,043        53,377      126,854

        Income  tax  provision                                8,631        18,444        14,530        38,188
                                                                                -----        ------        ------        ------
        Net  income                                                  21,150        48,599        38,847        88,666
            Less:  Net  income  attributable
              to
              noncontrolling  interests                      293                  -              525                  -
                                                                                    ---              ---              ---              ---
        Net  income  attributable  to
          Trimble  Navigation  Ltd.                    $20,857      $48,599      $38,322      $88,666
                                                                            =======      =======      =======      =======

        Earnings  per  share  attributable
          to  Trimble  Navigation  Ltd.
                  Basic                                                    $0.17          $0.40          $0.32          $0.73
                                                                                -----          -----          -----          -----
                  Diluted                                                $0.17          $0.39          $0.32          $0.71
                                                                                -----          -----          -----          -----

        Shares  used  in  calculating
          earnings  per  share:
                Basic                                                  119,551      121,523      119,406      121,495
                                                                            -------      -------      -------      -------
                Diluted                                              121,897      125,712      121,411      125,435
                                                                            -------      -------      -------      -------

 


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