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) 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.
Trimble (NASDAQ: TRMB) has announced a definitive agreement to divest its Time and Frequency, LOADRITE, Spectra Precision Tools, and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company. This strategic move seeks to sharpen Trimble's focus on its core growth areas and is anticipated to close in Q2 2022, subject to customary conditions. Financial terms remain undisclosed. CEO Rob Painter emphasized the alignment with Trimble's 2025 strategy, while Precisional aims to enhance innovation in precision measurement and data solutions.
Trimble (NASDAQ: TRMB) has opened registration for the 2022 Insight Tech Conference + Expo, scheduled for August 14-17 at the Walt Disney World Swan and Dolphin Resort in Orlando, Florida. After two years of virtual events, this in-person gathering aims to foster networking and collaboration among transportation and supply chain leaders. The conference will showcase educational sessions and technology exhibits, focusing on enhancing connectivity and efficiency in the industry. Trimble emphasizes the importance of technology in overcoming challenges in the transportation sector.
Trimble (NASDAQ: TRMB) and Qualcomm Technologies announced the integration of Trimble RTX GNSS technology with Snapdragon 8 Gen 1 and Snapdragon 888 Mobile Platforms. This collaboration enhances location capabilities in premium Android smartphones, providing meter-level accuracy—five times better than current standards. The new technology aims to improve user experiences in mapping and navigation applications, beneficial for ridesharing and real-time navigation services. This upgrade is expected to be available in Q2 2022, further enhancing Trimble's partnership with Qualcomm for high-accuracy positioning solutions.
FAQ
What is the current stock price of Trimble (TRMB)?
What is the market cap of Trimble (TRMB)?
What does Trimble Inc. do?
What are the main segments of Trimble’s business?
Where is Trimble Inc. headquartered?
What recent achievements has Trimble made?
How does Trimble contribute to sustainability?
What are Trimble’s latest financial highlights?
What is the significance of Trimble’s joint venture with AGCO Corporation?
How does Trimble support the forestry sector?
What solutions did Trimble recently get certified by TX-RAMP?
How can investors stay updated on Trimble’s financial performance?
