Welcome to our dedicated page for Trimble news (Ticker: TRMB), a resource for investors and traders seeking the latest updates and insights on Trimble stock.
Trimble Inc. (NASDAQ: TRMB) is a leading technology company that is revolutionizing the way the world connects the physical and digital realms. With core technologies in positioning, modeling, connectivity, and data analytics, Trimble enhances productivity, quality, safety, and sustainability across various industries.
Founded in 1978 and headquartered in Westminster, Colorado, Trimble operates in more than 30 countries and serves customers in over 141 countries. The company’s expertise spans across four major segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. A significant portion of its revenue comes from the Buildings and Infrastructure segment, catering to professionals in architecture, engineering, construction, design, asset management, and maintenance.
Trimble's innovation is evident in its latest achievements. Recent news highlights include the Level 2 Certification of its e-Builder Enterprise and AgileAssets solutions by the Texas Risk and Authorization Management Program (TX-RAMP). These cloud software solutions support asset lifecycle management for capital improvement programs and infrastructure networks, ensuring secure and efficient project delivery.
The company has also formed a joint venture with AGCO Corporation, combining Trimble’s precision agriculture business with AGCO's JCA Technologies. This joint venture, known as PTx Trimble, aims to provide farmers with advanced precision ag tools, enhancing productivity and sustainability in the agriculture sector.
Trimble's commitment to sustainability is further emphasized through its collaboration with MODE Global and Transporeon. By integrating Autonomous Procurement solutions, Trimble aims to optimize freight procurement processes, facilitating a more sustainable and efficient logistics network.
Trimble's dedication to improving productivity and sustainability extends to the forestry sector as well. Holmen, a leading Swedish forestry company, has selected Trimble's CONNECTED FOREST suite to manage its extensive land holdings, marking a significant shift towards data-driven forestry operations.
Financially, Trimble has demonstrated strong performance. The company reported record annualized recurring revenue and gross margins in its first quarter of 2024, driven by strategic initiatives and a focus on recurring revenue streams. Looking ahead, Trimble's forward-looking guidance projects continued growth in revenue and earnings, reflecting its robust market position and innovative capabilities.
Trimble (NASDAQ: TRMB) reported Q4 2024 revenue of $983.4 million, up 5% year-over-year and 17% organically. The company achieved record annualized recurring revenue (ARR) of $2.26 billion, up 14% year-over-year. Q4 GAAP EPS was $0.36, while non-GAAP EPS reached $0.89.
For full-year 2024, revenue was $3,683.3 million, down 3% year-over-year but up 5% organically. GAAP EPS was $6.09, and non-GAAP EPS was $2.85. The company repurchased 2.9 million shares for $175 million during 2024.
Looking ahead, Trimble projects 2025 revenue between $3,370-3,470 million, with non-GAAP EPS of $2.76-2.98. The Board authorized a new $1 billion share repurchase program. The company recently completed its Mobility divestiture, demonstrating continued business transformation.
Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining other strategic investors including C.R. England, Cummins, Daimler Truck, and PACCAR.
The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform enables fleets to access various telematics and management software through OEM vehicle architecture or aftermarket hardware, providing a uniform experience regardless of vehicle type.
The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.
Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining strategic investors including C.R. England, Cummins, Daimler Truck, PACCAR, Prologis, RyderVentures, and Schneider.
The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform will enable customers globally to access various telematics and fleet management solutions from Platform Science, Trimble, and partners without changing hardware. The platform works through OEM vehicle architecture or aftermarket hardware for non-compatible vehicles.
The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.
Trimble (NASDAQ: TRMB) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Wednesday, February 19, 2025, at 8 a.m. ET. The event will be accessible to investors through a live webcast at the company's investor relations website. Interested participants who wish to join via phone must first complete a registration process, after which they will receive dial-in details via email.
Trimble (TRMB) has announced the completion of Ernst & Young's audit procedures for its 2023 financial statements, confirming no changes to previously reported financial results. The company has filed its amended 2023 Form 10-K and Forms 10-Q for the first three quarters of 2024.
The amended Form 10-K identified material weaknesses in controls related to IT general controls, data transfer between systems, and evaluation of standalone selling prices. Trimble reports that remediation efforts for these control deficiencies are well underway.
The company expects to regain compliance with Nasdaq Listing Rule 5250(c)(1) after these filings and upon receiving confirmation from Nasdaq. This rule requires timely filing of all periodic reports with the SEC for companies listed on The Nasdaq Stock Market
Trimble (TRMB) has expanded its collaboration with Qualcomm Technologies to develop precise positioning solutions for automated vehicles. The company's ProPoint Go positioning engine will integrate with Qualcomm's Snapdragon Auto 5G Modem-RF Gen 2 platform, providing positioning accuracy within 10 centimeters.
The integrated solution is expected to support Level 2+ and potentially higher levels of automated driving applications, with vehicles featuring this technology anticipated to hit roads by 2028. The system combines GNSS signals with Trimble correction services and sensor data to deliver precise position and orientation information. The technology is designed to enhance advanced driver assistance systems (ADAS) and cellular vehicle-to-everything (C-V2X) capabilities for automakers and Tier-1 suppliers.
ProPoint Go provides ASIL-C certified correction data, while Snapdragon's platform features integrated C-V2X communications, non-terrestrial networks, and high-precision multi-frequency GNSS functionality.
Trimble (TRMB) and GroundProbe, a division of Orica Digital Solutions, have announced a strategic collaboration to provide comprehensive slope stability monitoring solutions for mining operations. The partnership enables customers to purchase a complete monitoring portfolio through a single point of contact, streamlining the procurement process.
The collaboration integrates Trimble's monitoring solutions with GroundProbe's sensors and software, combining Trimble 4D Control™ with MonitorIQ® for enhanced data flow. Mining operators will benefit from simplified sourcing, deployment, and unified support from both companies' global networks.
This integration aims to provide customers with a more complete visualization of site conditions, improving decision-making on slope stability risks and site safety while enhancing operational efficiency in 24/7/365 mining operations.
Trimble (TRMB) has released its annual Transportation Pulse Report through Transporeon, surveying over 100 European and North American supply chain executives. The report highlights key industry trends for 2025, with economic conditions (56%), geopolitical events (50%), and environmental regulations (36%) identified as major factors shaping the sector.
While carriers and 3PLs show strong optimism (75%) due to increased freight demand and rates, only 38% of shippers feel confident about 2025. Key priorities include cost reduction (61%), market expansion, and supply chain digitization (51%). Despite interest in technology, 54% of respondents expect to automate only 25% or less of their transportation processes by 2025, with just 10% planning to automate more than 75%.
Trimble (TRMB) has announced the winners of the SketchUp 0-60 Challenge, an initiative aimed at fostering innovation in the architecture, engineering and construction (AEC) industry. From over 100 applicants, nine finalists were selected to develop technology solutions using SketchUp.
The winners include: ScaffPlan (First Place) for their temporary works documentation extension; Skema (Second Place) for their SketchUp-to-Revit integration solution; and Spacely AI (Third Place) for their interior rendering automation plug-in. Loci received the AWS 'Scaled Thought' Award for their Scene Intelligence plugin that uses AI for component classification.
All winning features are now available on the SketchUp Extension Warehouse.
Trimble (Nasdaq: TRMB) announced that Performance Food Group (PFG) has selected Trimble as its premier fleet management provider, doubling the number of Trimble-serviced trucks from 4,000 to over 8,000. PFG will implement Trimble Instinct across its entire fleet, covering all three business segments: Performance Foodservice, Core-Mark, and Vistar. The decision comes after PFG faced challenges with multiple disparate fleet management systems. The comprehensive solution will provide Electronic Logging Device (ELD) data and integrate with PFG's existing tools, streamlining operations for the Fortune 100 company that delivers over 300,000 food products across the U.S., Canada, and Puerto Rico.
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