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 Inc. (NASDAQ:TRMB) reported strong second quarter results for 2022, with total revenue of $941.2 million, reflecting a 6% increase on an organic basis. The company achieved an annualized recurring revenue (ARR) of $1.51 billion, up 12% year-over-year. GAAP net income was $168 million, with diluted earnings per share at $0.67. The strategic focus on the Connect & Scale approach is highlighted by a 24.2% adjusted EBITDA margin and a share repurchase program totaling $200 million.
Trimble is set to conduct a conference call on August 5, 2022, at 5 a.m. PT, to discuss its second quarter 2022 results. Investors can access the live webcast through the company's investor relations page. For those unable to attend online, a phone option is available at (888) 660-6347 for U.S. callers and (929) 201-6594 internationally, using conference ID 1043223. Trimble focuses on industrial technology with solutions that enhance productivity across various industries including agriculture and construction.
On July 26, 2022, Trimble unveiled the Trimble X12 scanning system, enhancing its geospatial scanning portfolio. This innovative system integrates advanced 3D laser scanning technology with Trimble's software for precise data capture and field registration. Features include a range of up to 365 meters and a scan speed of 2.187 million points per second, enabling effective assessment of structural integrity in various projects. The Trimble X12 is now available through authorized distributors, furthering Trimble's mission to improve workflows and decision-making in geospatial applications.
Trimble (NASDAQ: TRMB) will host its 2022 Investor Day on September 7, 2022, at the Trimble Westminster, Colorado Campus. The event will feature presentations by President and CEO Rob Painter, CFO David Barnes, and senior management, focusing on the company's Connect & Scale strategy and financial objectives. The presentations will start at 9:00 am MST and conclude by 12:15 pm MST. A live webcast will be available, with replays accessible afterward. For details, visit Trimble Investor Relations.
Trimble (NASDAQ: TRMB) has launched its map-based localization system to enhance autonomy in heavy-duty vehicles, partnering with IHI Corporation in Japan. The customized Applanix POS LV® system allows for accurate positioning and seamless integration, minimizing capital expenditures by eliminating the need for additional site infrastructure. This technology combines inertial navigation with simultaneous localization and mapping (SLAM), ensuring reliable autonomous operations in challenging environments. The solution aims to boost efficiency amid labor shortages and transform industrial transportation.
Precisional, an affiliate of The Jordan Company, has successfully acquired four industrial technology businesses from Trimble (NASDAQ: TRMB). The businesses include Protempis, LOADRITE, Spectra Precision Tools, and SECO. This acquisition aims to create a platform focused on precision measurement and data solutions in infrastructure markets. TJC's resources will facilitate innovation and growth in these core areas, enhancing productivity across various applications that depend on accuracy.
Trimble Inc. (NASDAQ: TRMB) reported a record first quarter 2022 revenue of $993.7 million, marking a 12% increase year over year. The company's annualized recurring revenue (ARR) also rose to $1.47 billion, up 12% year over year. GAAP operating income reached $156.9 million, with GAAP net income at $110.3 million. Diluted earnings per share were $0.44 (GAAP) and $0.73 (non-GAAP). Adjusted EBITDA amounted to $253.3 million, equating to 25.5% of revenue. The company aims for higher ARR growth amid recent divestitures and currency fluctuations.
Trimble (NASDAQ: TRMB) will hold a conference call on May 5, 2022, at 5 a.m. PT to discuss its first quarter 2022 results. The call will be available for streaming on the Trimble Investor Relations website. Investors can also participate via phone at 844-817-7339 (U.S.) or 409-231-2959 (international), using passcode 1014217. Trimble focuses on transforming industries such as agriculture and construction through its advanced technology solutions.
Wabtec Corporation (NYSE: WAB) has entered a definitive agreement to acquire Trimble’s Beena Vision business, enhancing its wayside inspection technology for the railroad industry. The acquisition, pending customary closing conditions, will integrate Beena Vision’s machine vision systems with Wabtec’s TrackIQ portfolio, aiming to reduce maintenance costs and improve fleet safety. Beena Vision's systems support real-time monitoring, already adopted by major North American railroads. This strategic move will bolster Wabtec's offerings in digital and electronics solutions.
Trimble (NASDAQ: TRMB) has launched SketchUp for iPad, a new app designed for professionals in architecture, engineering, and construction. This tool combines 3D modeling with intuitive hand sketching, allowing users to work seamlessly across different environments. Features include smart drawing tools, real-time client feedback capture, and integration with Trimble Connect, enhancing collaborative workflows. The app is included in all paid SketchUp subscriptions and aims to make 3D design more accessible, empowering professionals to bring creative ideas to life anywhere.
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