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) and Junttan Oy have announced the availability of the Trimble Groundworks Machine Control System for Piling Machines. This advanced 3D machine control system enhances efficiency by enabling stakeless navigation and real-time productivity monitoring. With its ability to operate under various conditions, Groundworks minimizes driving time per pile and reduces fuel usage, promoting sustainability on job sites. The system will be available as a factory option beginning Q1 2023, integrating with Junttan’s existing technologies.
Trimble (NASDAQ: TRMB) and ABI Maschinenfabrik und Vertriebsgesellschaft mbH announced the introduction of the Trimble Ready® factory option for ABI MOBILRAM-Systems and DELMAG Drill Rigs. This option allows for easier installation of the Trimble® Groundworks Machine Control System, which streamlines the setup process, reducing costs and complexity for contractors. The integration enables better communication with ABI's control systems, enhancing operational efficiency. This solution will be available starting November 2022, backed by local support from SITECH® dealers.
Trimble (NASDAQ: TRMB) will hold a conference call on November 2, 2022, at 8 a.m. ET to discuss its third quarter 2022 results. The call will be streamed live on the web and accessible via phone for those without internet access. Investors can dial (888) 660-6347 in the U.S. or (929) 201-6594 internationally, using conference ID 1043223. Trimble is an industrial technology company focused on solutions that enhance productivity, safety, and sustainability across various sectors including agriculture and construction.
Trimble has announced a donation of $100,000 to the World Food Program USA to aid in global hunger relief efforts as humanitarian crises worsen. With 345 million people facing severe hunger, the donation will support emergency food assistance and other critical programs. Trimble's commitment is aligned with its mission to address food insecurity, particularly among vulnerable populations, including women and children. The World Food Program is scaling up its efforts to deliver life-saving meals to millions across over 120 countries.
Trimble has officially relocated its headquarters from Sunnyvale, California, to Westminster, Colorado, effective October 6, 2022. Westminster has been Trimble's largest U.S. employment center, housing over 1,000 employees, including senior leadership. The company retains Sunnyvale as the Silicon Valley Center for Innovation and Operations, focusing on technology development. The relocation is not expected to materially impact management, employees, or customers. The Westminster campus spans over 240,000 square feet and is LEED certified, emphasizing sustainability through energy savings and renewable energy sources.
Trimble (NASDAQ: TRMB) announced T2 Alliance as the winner of the Best BIM Project at the 2022 Tekla Global BIM Awards for its Helsinki Airport expansion. The project features a 103,000 square-meter extension and significant upgrades including a 450,000 square-meter apron and 16 new parking positions for wide-bodied planes, marking an investment of approximately 1 billion euros. Recognized for its innovative use of BIM technology and collaboration among 100-200 engineers, the project achieved BREEAM Excellent sustainability certification and will be presented at the Dimensions+ conference in Las Vegas from November 7-9, 2022.
Trimble (NASDAQ: TRMB) has launched its next-generation displays for precision agriculture, the GFX-1060 and GFX-1260. These Android-based systems improve in-field operations with enhanced processing power and compatibility with over 10,000 vehicle models. Key features include CenterPoint RTX for up to 1-inch accuracy, ISOBUS compatibility, and integrated wireless options. These displays aim to boost productivity and efficiency while reducing costs for farmers. Available now through Trimble dealers, they target a range of farming needs for better management of complex workflows.
Trimble (NASDAQ: TRMB) unveiled the Trimble® Ri, an innovative robotic total station, on September 20, 2022. This new technology enhances flexibility and scalability in the construction industry, offering various configurations suitable for multiple workflows like MEP and steel contracting. The Ri features longer laser range, improved target tracking, and self-calibration capabilities. Available worldwide, this product aims to streamline construction operations and align with project-based business needs, according to Martin Holmgren, general manager of Trimble Building Construction.
Trimble (NASDAQ: TRMB) announced that Steve Wozniak, co-founder of Apple, will join CEO Rob Painter on stage for the Trimble Dimensions+ keynote from November 7-9, 2022, at The Venetian in Las Vegas. This event marks the conference's return in-person after four years, focusing on education and innovation. Painter will showcase Trimble's Connect & Scale strategy, emphasizing transformative technologies in various industries. A sneak peek at emerging technologies like robotics and AI will conclude the keynote with remarks from Aviad Almagor.
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