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 eDriver Logs electronic logging device (ELD) software is now certified for compliance with the Canadian ELD mandate. This certification confirms that the eDriver Logs ELD, when used with the PeopleNet Mobile Gateway hardware, meets the technical standards required by Canada's Commercial Vehicle Drivers Hours of Service Regulations. Trimble emphasizes its commitment to enhancing fleet operations through improved safety, compliance, and productivity, enabling drivers to manage their hours effectively and integrate with key management systems.
Trimble (NASDAQ: TRMB) has partnered with One Click LCA to enhance its Tekla Building Information Modeling (BIM) software, allowing users to assess carbon emissions throughout construction phases. This integration enables calculations of embodied carbon emissions for materials, improving sustainability in the construction sector. Users can access the One Click LCA carbon assessment tool for free until the end of 2021. This collaboration aligns with global efforts to meet COP26 goals, as structural elements contribute significantly to a building's carbon footprint.
Trimble (NASDAQ: TRMB) announced the opening of registration for its Trimble Dimensions+ User Conference, set for November 7-9, 2022, at The Venetian Resort in Las Vegas. The conference will feature educational sessions, product demonstrations, and networking opportunities aimed at professionals in construction, surveying, and related fields. Attendees can benefit from hands-on training, insightful keynotes, and a unique Offsite experience. Full conference passes are available at a special rate of $1,295 through December 31, 2021.
Trimble (NASDAQ: TRMB) has been selected by Toronto Water to implement its Trimble Unity software platform, aimed at enhancing operational efficiency. The platform will automate asset management, improve data accuracy, and streamline processes, directly supporting over 3.6 million residents. Toronto Water, which handles numerous service requests and inspections annually, sought a solution that bridges existing technologies. Trimble Unity utilizes Esri GIS technology for comprehensive utility mapping and management, meeting the city's diverse requirements and promising improved customer service.
Trimble (NASDAQ: TRMB) appointed Jennifer Lin as chief platform officer and Dr. Poppy Crum as chief technology officer on Sept. 21, 2021. Lin, formerly at Google and Contrail Systems, will drive Trimble's platform strategy, enhancing product management to boost connected industry workflows. Dr. Crum, from Dolby Laboratories, will focus on innovation in AI, robotics, and mixed reality to advance Trimble’s technical vision. These appointments support Trimble's Connect and Scale 2025 strategy aimed at delivering superior solutions to customers.
Trimble (NASDAQ: TRMB) has unveiled the Trimble DA2 GNSS receiver, enhancing its Catalyst positioning service. This second-generation receiver incorporates the Trimble ProPoint GNSS engine, improving positioning accuracy and reducing convergence times, especially in challenging environments. The DA2 also adds Bluetooth connectivity and iOS support, broadening compatibility with various devices and applications. Trimble Catalyst offers subscription-based GNSS services tailored for precision mapping and GIS data collection, with subscriptions now available through authorized distribution channels.
Trimble (NASDAQ: TRMB) announced a strategic partnership with Procter & Gamble on September 15, 2021, aimed at enhancing transportation procurement processes. This collaboration will develop a new agile platform for shippers and carriers, optimizing relationships and streamlining contracting and onboarding. The initiative builds on Trimble's commitment to improve supply chain efficiency by leveraging Procter & Gamble's industry expertise. The focus on technology aims to create cost-effective freight movement and dynamic partnerships within the transportation sector.
Trimble (NASDAQ: TRMB) has launched the beta version of SketchUp for iPad, designed for professionals in architecture, engineering, and construction to create and edit 3D models on-the-go. The app utilizes 5G connectivity and integrates with the Trimble Connect platform for real-time collaboration. Unique features include Autoshape, Markup Mode, and AR model viewing, enhancing user experience. Early access is available to a limited number of users on a first-come, first-served basis, aimed at improving workflow flexibility and collaboration.
Trimble (NASDAQ: TRMB) launched Trimble Construction One at the Collaborate Conference on September 14, 2021. This connected, cloud-based management platform enhances project lifecycle efficiency by linking project finances with operational data. Key features include integrated planning, execution, and management tools, aimed at improving decision-making and profitability. Existing ViewpointOne customers will automatically transition to this platform, gaining additional benefits. Trimble's innovative solutions support better resource utilization, real-time data access, and increased project profitability for contractors.
Trimble announced a new share repurchase program, authorizing up to $750 million in stock buybacks, replacing the previous $600 million plan. The new program has no expiration date and is effective immediately. Year-to-date, Trimble has repurchased approximately 0.6 million shares at an average price of $71.24 each, totaling about $40 million. The repurchase methods include open market transactions and accelerated stock repurchase plans, subject to market conditions.
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?
