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 (TRMB) has expanded its support for The HALO Trust by donating 175 additional Trimble® Catalyst™ GNSS systems, including DA2 GNSS receivers, to enhance global demining operations. From January to September 2024, The HALO Trust cleared 802 minefields across 12 war-torn countries, covering 10,400 acres and safely destroying 31,209 landmines and other explosive remnants using Trimble's technology. The donation will help expand field teams' capabilities for precise mapping and safe landmine clearance in regions like Ukraine, Angola, and Sri Lanka.
Trimble (TRMB) has launched its Siteworks Machine Guidance Module for compact track loaders, expanding its all-in-one solution for survey and machine guidance capabilities. This marks the first new machine type since its introduction for excavators in 2023 and Trimble's first machine guidance solution for compact track loader buckets. The system includes the Trimble SPS986 or R780 GNSS Smart Antenna with tilt compensation and enables contractors to use Siteworks off-machine for design, measurement, and layout, then transfer the equipment to provide in-cab, 3D machine guidance without requiring a surveyor.
Trimble (NASDAQ: TRMB) reported third quarter 2024 financial results with revenue of $875.8 million, down 9% year-over-year but up 3% organically. The company achieved record annualized recurring revenue (ARR) of $2.19 billion, up 13% year-over-year. GAAP operating income was $116.4 million (13.3% of revenue), while non-GAAP operating income reached $224.8 million (25.7% of revenue). The company reported GAAP EPS of $0.16 and non-GAAP EPS of $0.70. Notable achievements include record gross margin of 68.5% and adjusted EBITDA of $237.4 million. Trimble announced the Mobility divestiture to simplify operations and raised its full-year guidance.
Trimble (TRMB) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, November 6, 2024, at 8 a.m. ET. The company will provide a review of its Q3 2024 financial results during the call, which will be accessible via webcast at http://investor.trimble.com. For those without internet access, the call can be joined by dialing (888) 660-6347 (U.S.) or (929) 201-6594 (international) using conference ID 1043223.
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.
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?
