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) will host a conference call on August 4, 2021 at 2 p.m. PT to discuss its second quarter 2021 results. This call will be accessible via web broadcast at investor.trimble.com or by phone at 800-528-9198 (U.S.) or 702-928-6633 (international) using passcode 6077528. Trimble focuses on connecting the physical and digital worlds through its innovative products and services across various sectors, enhancing productivity, quality, and sustainability.
Trimble (NASDAQ: TRMB) has launched the Trimble MX50 mobile mapping system, designed for asset management and mapping. This vehicle-mounted mobile LiDAR system offers a mid-range option for both novice and experienced users. It features high-accuracy profiling lasers, a 360-degree panoramic camera, and GNSS/IMU positioning technology, producing dense point clouds for accurate surveying. The MX50 simplifies mobile mapping, enhancing productivity in asset management and road maintenance. Available now through Trimble Geospatial Distribution Partners, the MX50 expands Trimble's mobile mapping portfolio.
Trimble (NASDAQ: TRMB) announced the successful launch of the Land Information System (LIS) for the Anguilla Department of Lands and Surveys, marking a significant advancement in land administration. This project, funded by a UK government grant post-Hurricane Irma, digitizes land records that were vulnerable to disasters. The new LIS aims to streamline land-based transactions, enhance government transparency, and improve the efficiency of stamp duty collections. Director Leslie Hodge praised Trimble for their technical expertise and best practices in successfully implementing this project.
Trimble (NASDAQ: TRMB) has partnered with Infotech to enhance the Mobile Inspector Measure Service application by integrating high-accuracy positioning via Trimble Access field software. This collaboration aims to improve data collection and inspection processes for civil infrastructure projects, particularly those involving Federal and State DOTs. The integration allows for precise geospatial measurements, reducing data entry errors and increasing productivity in the field. The technology aims to modernize transportation infrastructure by providing a streamlined office-to-field workflow for inspectors.
Trimble has partnered with Oslo Metropolitan University (OsloMet) to establish a new Technology Lab focusing on civil engineering and energy technology. This initiative aims to enhance digital education in engineering by providing hands-on experience with Trimble's advanced solutions, including building information modeling and infrastructure planning. The lab will facilitate the integration of digital tools into OsloMet's curriculum, supporting students' career readiness in the evolving industry. The initiative reflects Trimble's commitment to developing the next generation of skilled professionals in engineering and construction.
On June 17, 2021, Trimble (NASDAQ: TRMB) and Doosan Infracore North America announced a partnership to offer Trimble Earthworks Grade Control Platform as a factory-installed option for Doosan crawler excavators in North America. This 2D machine control system includes a 10-inch Android™ tablet and is designed to enhance grading accuracy and productivity on construction sites. Available through the Doosan dealer network, customers can also upgrade to a 3D system via local SITECH dealers, facilitating improved operational efficiency.
Trimble (NASDAQ: TRMB) announced the acquisition of its Iron Solutions business by Randall-Reilly, a B2B data and analytics platform. This definitive agreement is anticipated to close in Q3 2021, though financial details remain undisclosed. Iron Solutions, which offers analytics and cloud-based systems for the heavy equipment sector, aligns with Randall-Reilly's existing market intelligence solutions. Trimble's CEO stated that this divestiture aids in refocusing on core capabilities and will not materially affect the company’s overall financial results.
Trimble (NASDAQ: TRMB) announced a collaboration with Worldsensing to expand its geospatial automated monitoring portfolio by adding a geotechnical product line. This new offering enables engineers to integrate geotechnical and geospatial data for enhanced monitoring capabilities. Key features include wireless geotechnical sensors, data loggers, and the Trimble 4D Control™ software for real-time notifications. The solution aims to streamline monitoring processes and improve safety by minimizing field visits. Availability is set for July 2021 through Trimble's global distribution channels.
Trimble (NASDAQ: TRMB) has donated to KTH Royal Institute of Technology in Sweden to establish a Technology Lab focused on architecture, engineering, and construction (AEC). This lab aims to enhance KTH's expertise in 3D design and sustainable building practices. Students will gain practical experience with Trimble's advanced tools, including scanning and 3D modeling software, improving their education and future career prospects. The collaboration signifies Trimble's commitment to innovation in the construction sector and aligns with their Connected Construction portfolio.
Trimble (NASDAQ:TRMB) announced the launch of Trimble Vegetation Manager, a modular software solution designed to enhance utility vegetation management. This software aims to reduce operating expenses while improving safety, regulatory compliance, and the reliability of electric infrastructure. With the integration of LiDAR technology, the solution offers tools for assessing vegetation threats and optimizing maintenance priorities. Trimble Vegetation Manager is expected to be available in June 2021, addressing critical utility management challenges linked to vegetation-related outages and safety risks.
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?
