Trimble Inc - TRMB STOCK NEWS

Trimble (TRMB) has unveiled Tekla Structures 2025, its flagship structural BIM software, featuring significant AI-powered enhancements and improved collaboration tools. The update introduces an AI Cloud Fabrication Drawing service for automated drawing creation and an AI-powered Trimble Assistant for product support.

Key improvements include the Tekla PowerFab Connector for seamless detailing and fabrication management, Live Collaboration service for real-time model-based review, and enhanced TrimBIM format support for efficient data exchange. The software also features improved field-to-office integration through the Trimble Reality Capture platform and enhanced Layout Manager functionality.

The 2025 version delivers enhanced drawing automation capabilities, improved property panes performance, and extended rebar detailing functionality. These updates aim to streamline workflows, reduce manual adjustments, and ensure compliance with company and regulatory standards. The software will be available for download from March 12th, 2025.

Trimble (TRMB) and Daimler Truck North America have announced the integration of Trimble Road Call with Freightliner Service Tracker to modernize truck maintenance processes. The integration addresses critical industry challenges, as fleet repairs typically affect 2.5-5% of vehicles daily, with maintenance costs rising 3.1% last year.

The new solution provides a unified interface connecting various service providers and OEMs' maintenance tools. Key features include synchronized equipment and repairs, real-time status updates, and instant visibility of repair orders. The system automatically synchronizes asset lists, repair orders, and appointment requests between fleet maintenance managers and Daimler technicians.

Available for Daimler customers using Trimble TMT Fleet Maintenance version 2023.2.3.817 and higher, the integration aims to reduce vehicle downtime and streamline communications, addressing the current 3-5 day average repair completion time when communications aren't digital.

Xona Space Systems and Trimble (TRMB) have announced a strategic collaboration to integrate Trimble correction services with Xona's PULSAR™ navigation service. The partnership aims to deliver high-precision positioning capabilities through a network of small satellites in low Earth orbit (LEO).

Initial satellite launches are scheduled for late 2026, with service commencement in 2027. The PULSAR service will provide secure, high-precision positioning for various applications including geospatial, low-power mass mobile, and IoT. The technology promises improved signal reception inside low-rise buildings and enhanced resistance to jamming and interference compared to current GNSS capabilities.

As part of this collaboration, Trimble Ventures has made an investment in Xona Space Systems. The integration aims to enhance the reliability of Trimble correction services delivery, particularly beneficial for users in areas with cell coverage, challenging sky visibility, and high-latitude regions.

Trimble (Nasdaq: TRMB) has announced SMS Equipment as its first Trimble Technology Outlet worldwide. This strategic partnership enables SMS Equipment to directly sell Trimble's grade control, site positioning systems, and correction services technology to customers using Komatsu, BOMAG, and Takeuchi equipment.

With over 40 locations across Canada and Alaska, SMS Equipment, one of the largest Komatsu dealers globally, will provide these solutions for dozers, excavators, compactors, and compact machines. The partnership is part of Trimble's evolving civil construction distribution strategy, aiming to expand access to their technology through authorized resellers.

Trimble's grade control systems combine sensors, software, and automation features to enhance operator productivity, improve accuracy, reduce equipment wear-and-tear, and lower fuel consumption. The solutions are currently available through SMS Equipment locations throughout Western Canada.

Trimble (TRMB) has announced a strategic collaboration with STMicroelectronics to deliver precise positioning solutions for automotive and IoT applications. The partnership combines Trimble's ProPoint® Go positioning engine with STMicroelectronics' new Teseo VI GNSS chipsets, offering centimeter-level accuracy for various applications including automotive navigation, ADAS, and robotics.

The integrated solution features quad-band GNSS support (L1, L2, L5, and E6) and Trimble's ASIL-C certified correction data, enhancing signal availability and accuracy in challenging environments like urban canyons. Key advantages include worldwide support with Trimble RTX®Fusion with IMU sensors, integrity protection, and mass-market scalability.

The joint solution will be showcased at the Mobile World Congress in Barcelona (March 3-6, 2025) and the Embedded World Conference in Nuremberg (March 11-13, 2025).

Trimble (TRMB) has announced significant updates to its SketchUp 3D modeling software, introducing advanced visualization and interoperability features. The 2025 release includes photorealistic materials and environment lighting options that update in real-time, eliminating the need for separate rendering processes.

Key improvements include:

• 360-degree HDRI/EXR image files for environment lighting
• Dynamic photoreal materials that accurately reflect real-world properties
• Enhanced ambient occlusion for increased depth and realism
• Advanced interoperability with Revit and IFC files
• Improved support for USD and glTF file formats

The update also features improvements to LayOut for document creation and enhanced 3D Warehouse functionality, offering curated photoreal materials and configurable 3D assets. The visualization updates are accessible across all SketchUp platforms, including Web, iPad, and Desktop versions.

Trimble (NASDAQ: TRMB) reported Q4 2024 revenue of $983.4 million, up 5% year-over-year and 17% organically. The company achieved record annualized recurring revenue (ARR) of $2.26 billion, up 14% year-over-year. Q4 GAAP EPS was $0.36, while non-GAAP EPS reached $0.89.

For full-year 2024, revenue was $3,683.3 million, down 3% year-over-year but up 5% organically. GAAP EPS was $6.09, and non-GAAP EPS was $2.85. The company repurchased 2.9 million shares for $175 million during 2024.

Looking ahead, Trimble projects 2025 revenue between $3,370-3,470 million, with non-GAAP EPS of $2.76-2.98. The Board authorized a new $1 billion share repurchase program. The company recently completed its Mobility divestiture, demonstrating continued business transformation.

Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining other strategic investors including C.R. England, Cummins, Daimler Truck, and PACCAR.

The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform enables fleets to access various telematics and management software through OEM vehicle architecture or aftermarket hardware, providing a uniform experience regardless of vehicle type.

The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.

Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining strategic investors including C.R. England, Cummins, Daimler Truck, PACCAR, Prologis, RyderVentures, and Schneider.

The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform will enable customers globally to access various telematics and fleet management solutions from Platform Science, Trimble, and partners without changing hardware. The platform works through OEM vehicle architecture or aftermarket hardware for non-compatible vehicles.

The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.