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 John Deere (NYSE: DE) have announced a strategic partnership to accelerate the adoption of grade control technology in the construction industry. This collaboration will make Trimble Earthworks Grade Control technology available on John Deere SmartGrade™ equipped machines, either directly from the factory or as a field upgrade.
The integration aims to simplify the connection between office and field operations, allowing John Deere customers to leverage Trimble's technology ecosystem for increased productivity, efficiency, and better decision-making. Various purchasing options will be available in the future, including as part of the Trimble Construction One suite of digital solutions.
This partnership demonstrates both companies' commitment to promoting machine control technology adoption in construction, enhancing jobsite safety and efficiency while providing customers with more ways to elevate their operations throughout the design-build-operate lifecycle of construction projects.
Trimble (Nasdaq: TRMB) and Florida A&M University (FAMU) have opened the first Trimble Technology Lab (TTL) at an Historically Black College and University. The lab, located at FAMU's Tallahassee campus, aims to enhance the learning experience for architecture and construction engineering students by providing access to cutting-edge technology and software solutions.
The collaboration includes a donation of software and hardware technologies from Trimble, as well as a grant from the Trimble Foundation Fund to support classroom renovations. This initiative is part of Trimble's commitment to fostering a more diverse and inclusive construction workforce.
The lab features a wide range of Trimble's geospatial and construction solutions, including the Trimble® Ri robotic total station, XR10 HoloLens hardhat, and advanced software such as RealWorks® scanning software, Trimble Business Center, Tekla® Structures, and SketchUp®.
Caterpillar Inc. (NYSE: CAT) and Trimble (Nasdaq: TRMB) have announced the extension of their long-standing joint venture, Caterpillar Trimble Control Technologies (CTCT), which has led the industry in grade control solutions since 2002. The renewed agreement aims to accelerate innovation and customer adoption of grade control solutions in the construction sector through expanded distribution options.
Key points of the agreement include:
- Increased industry reach and broader availability of interoperable grade control solutions
- More access options for Caterpillar customers, including factory-fit grade options and expanded aftermarket offerings
- Broader availability for Trimble customers, including continued mixed-fleet support and an expanded distribution network
- Streamlined access to grade control through Trimble Construction One™ suite of digital solutions
This partnership reinforces both companies' commitment to connecting the office and field throughout the design-build-operate lifecycle of construction projects.
Trimble announced the winners of its 2024 Tekla Global Building Information Modeling (BIM) Awards, showcasing impressive structural construction projects using Tekla solutions. The overall winner and Infrastructure Project Category winner is the Kruunuvuori Bridge in Helsinki, set to be the world's longest car-free bridge at 1,200 meters. Other category winners include:
- Public Project: Seattle Aquarium Ocean Pavilion, USA
- Industrial Project: Brewery Roman, Belgium
- Sports & Recreation: Al Hudayriyat Island Velodrome, UAE
- Commercial Project: Lyyra, Finland
- Small Projects: Te Veld Modular Homes, Netherlands
- Student Projects: Tomasz Stęplowski, Poland
- API Development: Component Code Generator, USA
The competition featured 155 projects from 35 countries, judged on criteria such as BIM use, collaboration, innovation, constructibility, and environmental benefits.
Trimble (Nasdaq: TRMB) has announced its upcoming Investor Day 2024, scheduled for Tuesday, December 10, 2024, in New York City. The event will feature presentations from President and CEO Rob Painter, CFO Phil Sawarynski, and other senior management team members.
The presentations will provide an in-depth overview of Trimble's Connect & Scale strategy, new reporting segments, and financial objectives. The event will run from 8:30 am to 12:00 pm EST, including question and answer sessions with senior management.
A live webcast of the presentations and related materials will be available on the day of the event at https://investor.trimble.com, with a replay available afterwards.
Alvys, a leading transportation management software provider, has announced a strategic integration with Trimble's PC*Miler at no extra cost to users. This integration incorporates PC*Miler's trusted routing, mileage, and mapping capabilities directly into the Alvys platform, available with every subscription. PC*Miler, used by over 94% of FreightWaves' top 100 carriers and 96% of US-based for-hire carriers in Transport Topics' top 100 list, is renowned for its precision in mileage calculations.
The integration aims to enhance driver and customer satisfaction by eliminating discrepancies in mileage reporting, particularly beneficial for per-mile rates. Nick Darman, Founder and CEO of Alvys, emphasized that this offering represents a significant step in providing a comprehensive and user-friendly transportation management solution, offering unparalleled accuracy and efficiency while helping customers reduce costs.
Trimble (Nasdaq: TRMB) announced its 2024 user conference, Trimble Dimensions, scheduled for November 11-13 in Las Vegas. The event will feature over 700 educational sessions, including interactive hardware and software demos, focusing on topics such as AI, interoperability, workforce transformation, and supply chain optimization. Highlights include:
1. A construction Offsite Expo with hands-on demonstrations at a 15-acre worksite.
2. The integration of Trimble SketchUp's 3D Basecamp user conference.
3. A keynote by CEO Rob Painter unveiling latest Trimble innovations.
4. Two startup competitions: SketchUp 0-60 Challenge and Construction Startup Competition 2024 Pitch Day Event.
The conference aims to connect over 6,000 attendees with Trimble's technology experts and industry leaders, showcasing the latest advancements in construction and geospatial industries.
Trimble (NASDAQ: TRMB) has launched Transporeon Visibility in North America, offering real-time shipment tracking and accurate ETAs for road, ocean, and air transportation. This solution integrates with Trimble Transportation Management Software (TMS) and addresses challenges in freight visibility, which is often costly and unreliable. Key features include:
1. Seamless integration with Trimble TMS products
2. Automated data sharing through Trimble Trust Center
3. Real-time freight tracking view
4. Reliable ETA predictions
5. Enhanced data security
6. Optimized truckload management
7. Improved carrier network expansion
8. Increased security against freight fraud
9. Intermodal visibility coverage
Transporeon Visibility is currently available for carrier customers and will be accessible to all customer types, including shippers, in Q4 2024.
Trimble (NASDAQ: TRMB) unveiled new transportation technologies at its 2024 Insight Tech Conference in Las Vegas. CEO Rob Painter emphasized the company's commitment to innovation, cybersecurity, data, and AI. Key announcements include:
1. Platform Science's acquisition of Trimble's global transportation telematics business units
2. Launch of Trimble TMS Order Module
3. Updated CoPilot for enhanced truck-safe navigation
4. TMT Road Call for managing vehicle breakdowns
5. Transporeon Visibility for real-time shipment tracking
6. Trimble Inspections for streamlined vehicle inspections
The conference features networking, expert panels, and over 200 educational sessions, focusing on AI, driver retention, and freight fraud. Former US Navy Commander Mike Abrashoff is the keynote speaker, addressing transportation challenges and supply chain improvements.
Trimble (NASDAQ: TRMB) and Platform Science have announced a partnership to transform the transportation industry. Platform Science will acquire Trimble's global transportation telematics business units, with Trimble becoming a 32.5% shareholder in Platform Science's expanded business. The deal aims to enhance driver experience, fleet safety, efficiency, and compliance by combining two in-cab commercial vehicle ecosystems.
Key points:
- Transaction expected to close in first half of 2025
- Trimble's telematics business generated ~$300M revenue and ~$30M operating profit (trailing 12 months)
- ARR for the business was ~$200M in Q2 2024
- Divestiture expected to be accretive to Trimble's organic revenue growth, ARR growth, gross margin, and operating profit margin
- Trimble's other core transportation business units will remain part of its Transportation & Logistics segment
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