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) announced that its e-Builder Enterprise Government Edition has achieved FedRAMP In Process status, enhancing its standing as a trusted construction program management solution for U.S. federal agencies. This advancement allows federal entities to utilize a secure project management system, facilitating better infrastructure project management. The transition from FedRAMP Ready to In Process was supported by the U.S. Department of Energy. The FedRAMP designation signifies a major step for Trimble, allowing for scalable digital construction management in federal projects.
Trimble and Dodge Construction Network have released a new SmartMarket Brief highlighting the growing adoption of digital workflows in the construction industry. The report indicates that 54% of owners now utilize integrated software solutions, outperforming architects and contractors. Despite high adoption rates, 59% of owners experience frequent communication breakdowns. Notably, 66% of owners report improved decision-making through digital workflows. The study underscores that owners' influence will likely accelerate industry-wide digital transformation, especially with projects driven by the Bipartisan Infrastructure Law.
Trimble Inc. (NASDAQ: TRMB) reported strong fourth quarter and fiscal year 2021 results, with revenue of $926.0 million for Q4, a 12% increase year over year. Annualized recurring revenue (ARR) reached $1.41 billion, up 9%.
For fiscal 2021, total revenue hit $3,659.1 million (up 16%), with a GAAP net income of $492.7 million and diluted EPS of $1.94. Adjusted EBITDA stood at $936.9 million, representing 25.6% of non-GAAP revenue. The company continues to focus on its Connect and Scale 2025 strategy.
Trimble (NASDAQ: TRMB) has opened its Call for Speakers for the Dimensions+ 2022 User Conference, scheduled for November 7-9 in Las Vegas, Nevada. This event aims to foster education, technology sharing, and networking among thousands of attendees. Topics will include autonomy, civil engineering, GIS, and sustainability. Proposals can be submitted until March 31, 2022, with accepted speakers receiving reduced registration fees. Additional information about the conference and sponsorship opportunities will be available leading up to the event.
Trimble (NASDAQ: TRMB) launched the Trimble® Roadworks Paving Control Platform for Asphalt Compactors, enhancing the efficiency and accuracy of asphalt compaction. The platform minimizes unnecessary passes and over-compaction, thereby saving fuel and reducing wear and tear on machinery. Its intuitive Android-based software reduces training time and downtime. The system allows flexible licensing options to cater to various contractor needs. With expectations of increased infrastructure funding, this platform positions contractors competitively amid evolving DOT requirements.
Trimble (NASDAQ: TRMB) has launched the FieldLink MR app, a mixed-reality solution for construction layout, enhancing efficiency on job sites. This innovative tool, compatible with the Trimble XR10 and HoloLens 2, allows workers to visualize construction data without handheld devices. The app aims to simplify the layout process for less experienced staff, addressing workforce challenges in the construction sector. FieldLink MR will be showcased at the AHR Expo 2022 in Las Vegas and is expected to be available in the first half of 2022 via the Microsoft Store.
Trimble (NASDAQ: TRMB) is set to host a conference call on February 9, 2022, at 5 a.m. PT, to discuss its fourth quarter and full year 2021 results. The call will be available for live streaming on their website, and investors can also dial in at 844-817-7339 (U.S.) or 409-231-2959 (international) using the passcode 3766658. Trimble's focus on industrial technology aims to enhance productivity and sustainability across various sectors, including agriculture and construction.
On January 18, 2022, Trimble (NASDAQ: TRMB) unveiled the first automatic Horizontal Steering Control for soil compactors, enhancing the Trimble Earthworks Grade Control Platform. This innovation improves compaction quality and productivity, reducing operator fatigue and minimizing material waste. The system works with all soil compactor makes, offering quicker ROI for contractors with mixed fleets. Leveraging 20 years of steering technology expertise, Trimble aims to advance autonomy in civil construction, supporting operators in achieving precise compaction for durable surfaces.
Trimble has appointed Thomas Sweet to its Board of Directors, effective January 15, 2022. Sweet, currently the CFO of Dell Technologies, brings over 24 years of experience in finance and sales leadership. His appointment aims to strengthen Trimble's implementation of its long-term growth strategy, as highlighted by CEO Rob Painter, who emphasized Sweet's invaluable insights into technological transformations. Sweet is eager to contribute to Trimble's growth in the industrial technology sector.
Trimble (NASDAQ: TRMB) has secured a three-year contract with SNCF Réseau, the French railway authority, to integrate its Quadri and Connect software as a central system for their Enterprise Common Data Environment (CDE). This collaboration aims to enhance Building Information Modeling (BIM) for SNCF's extensive rail network, improving data sharing and workflow efficiency across all project phases. The initiative will streamline operations for over 30,000 kilometers of high-speed rail and supports digital continuity in project management, potentially enhancing SNCF's operational performance.
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