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) 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.
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.
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.
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.
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.
Kuebix, a subsidiary of Trimble (NASDAQ: TRMB), has been recognized as a Challenger in Gartner's 2021 Magic Quadrant for Transportation Management Systems for the second year in a row. This recognition showcases Kuebix's accelerated customer growth and its commitment to product innovation. With over 25,000 customers, Kuebix integrates with Trimble's extensive network of commercial trucks, enhancing operational efficiency and freight matching capabilities. This positioning reflects Kuebix's leadership and ability to consistently deliver value to its customers.
Trimble (NASDAQ: TRMB) has partnered with VSI Labs to provide GNSS precise-positioning technology for autonomous vehicle research. This collaboration was announced on March 26, 2021, and will debut at the Destination ACM event in Michigan. Trimble's RTX technology offers reliable lane-level positioning, critical for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) applications. This technology is already in use by automotive manufacturers for enhancing functional safety and performance. The partnership is expected to broaden research capabilities in autonomous driving.
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