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Trimble Third Quarter 2019 Results Summary
Trimble Third Quarter 2019 Results Summary2Certain statements made inthis presentation and any subsequent Q&A period are forward -looking statements, within the meaning ofSection 21Eofthe
Securities Exchange Act of1934 ,asamended, and are made pursuant tothe safe harbor provisions ofthe Securities Litigation Reform Act of1995 .These
statements include expectations for future financial market and economic conditions, whether the positive trend infinancial results will continue through
2019 ,the impact ofacquisitions, the ability toachieve long -term business model targets, including with respect toorganic growth, software growth and
target net working capital and capital expenditures, expectations for future R&D spend, the ability todeliver revenue, earnings per share and other financial
projections that Trimble has guided for the fourth quarter of2019 and beyond, including the expected tax rate, anticipated impact ofstock -based
compensation expense, amortization ofintangibles related toprevious acquisitions, anticipated acquisition costs, restructuring charges, the anticipated
number ofdiluted shares outstanding, and our long -term growth targets and operating margins .These forward -looking statements are subject tochange, and
actual results may materially differ due tocertain risks and uncertainties .Trimble's expected tax rate and current expected income are based onour current
tax structure, including where our assets are deemed toreside for tax purposes, and current tax law, including current interpretations ofthe Tax Cuts and
Jobs Act of2017 (”TCJA”), and may beaffected byevolving interpretations ofTCJA, the jurisdictions inwhich profits are determined tobeearned and taxed,
changes inthe estimates ofcredits, benefits and deductions, the resolution ofissues arising from tax audits with various tax authorities, including payment of
interest and penalties, and the ability torealize deferred tax assets .The company's results may beadversely affected ifthe company isunable tomarket,
manufacture and ship new products, obtain new customers, oreffectively integrate new acquisitions .The company's results would also benegatively
impacted byadverse geopolitical developments, weakening inthe macro environment, foreign exchange fluctuations, critical part supply chain shortages,
and the imposition ofbarriers tointernational trade .Any failure toachieve 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 onanumber ofother factors and risks detailed from time totime in
reports filed with the SEC, including itsquarterly reports onForm 10-Qand itsannual report onForm 10-K.Undue reliance should not beplaced onany
forward -looking statement contained herein .These statements reflect the Company’s position asofthe date ofthis presentation .The Company expressly
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Redwood Trust