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Trimble Inc. - TRMB STOCK NEWS

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.

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Trimble (NASDAQ: TRMB) announced the expansion of its VRS Now® correction services across mainland Norway, adding over 400,000 square kilometers to its European footprint, which now totals 2.5 million square kilometers. This service provides accurate, reliable centimeter-level positioning for industries like surveying, construction, and agriculture. VRS Now is brand agnostic, works with most GNSS receivers, and is supported by a global team for consistent service. The expansion enhances operational efficiency and productivity for professionals in various sectors.

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Trimble (NASDAQ:TRMB) launched the Trimble GuidEx Machine Guidance System on May 10, 2021, designed to enhance navigation for various machines, facilitating precise movement to target areas without the need for survey stakes. This system supports natural resource exploration, improving productivity with features like proximity alarms and real-time data logging. The GuidEx system can be installed on a range of equipment and allows for efficient corridor navigation while integrating with office systems for seamless data transfer, now available globally through SITECH distributors.

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Trimble Inc. (NASDAQ: TRMB) reported robust financials for Q1 2021, showcasing a 12% increase in GAAP revenue at $886.5 million and non-GAAP revenue at $886.7 million. Annualized recurring revenue (ARR) reached $1.32 billion, a 9% year-over-year rise. The company posted GAAP operating income of $140.9 million and non-GAAP operating income of $209.2 million. Diluted earnings per share were $0.45 GAAP and $0.66 non-GAAP. Adjusted EBITDA stood at $231.3 million, representing 26.1% of revenue, with operating cash flow surging 26% to $744.5 million.

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TravelCenters of America (NASDAQ: TA) and Trimble (NASDAQ: TRMB) have announced a new software integration aimed at enhancing truck maintenance services for fleet companies. This integration allows fleets using Trimble's TMT Fleet Maintenance software to easily schedule maintenance at approximately 250 TA Truck Service centers. Key benefits include reduced data entry errors, streamlined service tracking, and improved communication between fleet personnel and service locations. This development underscores both companies' commitment to maximizing efficiency for fleet operations.

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Trimble (NASDAQ: TRMB) announced the integration of V-Ray, a premier rendering tool from Chaos, into SketchUp Studio on April 21, 2021. This enhancement allows users in architecture, engineering, and construction to produce high-quality, photorealistic renderings directly within SketchUp. With features like global illumination and a web-based 3D content library, the integration aims to improve design visualization and facilitate better communication among project stakeholders. The SketchUp Studio subscriptions are currently available, focusing on a Windows-only solution.

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Trimble (NASDAQ: TRMB) will host a conference call on May 5, 2021, at 2 p.m. PT to discuss its first quarter 2021 results. The call will be accessible via webcast and through dial-in numbers: 800-528-9198 (U.S.) or 702-928-6633 (international), with the passcode 1719909. Trimble focuses on connecting the physical and digital worlds, enhancing productivity, safety, and sustainability across various industries.

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Trimble (NASDAQ: TRMB) has teamed up with HORSCH to develop innovative autonomy solutions in agriculture, aiming for full workflow automation. This collaboration combines Trimble's expertise in autonomous technology with HORSCH's machinery. The focus is on enhancing machine performance for sprayer operators, reducing operational errors, and easing driver workloads. The long-term goal is to establish a foundation for fully autonomous machines, integrating advanced steering systems and logistical improvements for farmers.

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Trimble (NASDAQ:TRMB) has launched the new Trimble Earthworks Grade Control Platform version 2.4, which now supports soil compactors. This GNSS-based, 3D compaction control solution enhances compaction accuracy and efficiency, significantly minimizing unnecessary passes and rework. The user-friendly software interface allows contractors to manage mixed fleets and offers flexible pricing options for software licenses, catering to budget-conscious contractors. The platform is available globally through the SITECH distribution channel, promising improved productivity and better data management for construction operations.

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Trimble (NASDAQ: TRMB) has launched its Quadri Building Information Modeling (BIM) collaboration software in North America after successful use in Europe since 2013. The software facilitates collaboration among stakeholders in infrastructure projects like roads and bridges, enhancing data flow and project design.

Quadri offers a common data environment enabling users to manage and visualize construction data efficiently. The software's availability in North America aligns with the Federal Highway Administration's Every Day Counts initiative, promoting technological adoption in infrastructure management.

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FAQ

What is the current stock price of Trimble (TRMB)?

The current stock price of Trimble (TRMB) is $71.64 as of December 20, 2024.

What is the market cap of Trimble (TRMB)?

The market cap of Trimble (TRMB) is approximately 17.5B.

What does Trimble Inc. do?

Trimble Inc. is a technology company that provides solutions for connecting the physical and digital worlds. Its core technologies include positioning, modeling, connectivity, and data analytics, which improve productivity, quality, safety, and sustainability across various industries.

What are the main segments of Trimble’s business?

Trimble operates in four major segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment is the largest, serving professionals in architecture, engineering, construction, design, asset management, and maintenance.

Where is Trimble Inc. headquartered?

Trimble Inc. is headquartered in Westminster, Colorado, USA.

What recent achievements has Trimble made?

Recent achievements include the Level 2 Certification of its e-Builder Enterprise and AgileAssets solutions by TX-RAMP, the formation of the PTx Trimble joint venture with AGCO Corporation, and the adoption of the CONNECTED FOREST suite by Swedish forestry company Holmen.

How does Trimble contribute to sustainability?

Trimble contributes to sustainability through various initiatives, including precision agriculture tools, optimizing freight procurement processes with Autonomous Procurement solutions, and implementing data-driven forestry management systems.

What are Trimble’s latest financial highlights?

Trimble reported record annualized recurring revenue and gross margins in the first quarter of 2024. The company expects continued growth in revenue and earnings for the full year 2024, driven by strategic initiatives and a focus on recurring revenue streams.

What is the significance of Trimble’s joint venture with AGCO Corporation?

The joint venture with AGCO Corporation, named PTx Trimble, combines Trimble’s precision agriculture business with AGCO's JCA Technologies. It aims to provide farmers with advanced precision ag tools, enhancing productivity and sustainability.

How does Trimble support the forestry sector?

Trimble supports the forestry sector with its CONNECTED FOREST suite, a comprehensive forest management system. Recently, Holmen, a leading Swedish forestry company, adopted this suite to transform its operations into a data-driven approach.

What solutions did Trimble recently get certified by TX-RAMP?

Trimble's e-Builder Enterprise and AgileAssets solutions recently received Level 2 Certification from the Texas Risk and Authorization Management Program (TX-RAMP). These solutions support secure asset lifecycle management for capital improvement programs and infrastructure networks.

How can investors stay updated on Trimble’s financial performance?

Investors can stay updated on Trimble’s financial performance by visiting the investor relations section of the company's website and participating in quarterly earnings calls. Trimble also provides regular updates through press releases and SEC filings.

Trimble Inc.

Nasdaq:TRMB

TRMB Rankings

TRMB Stock Data

17.52B
243.31M
0.34%
96.84%
1.28%
Scientific & Technical Instruments
Measuring & Controlling Devices, Nec
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United States of America
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