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.
Kuebix has partnered with Estes Forwarding Worldwide (EFW) to provide real-time truckload spot rates to over 25,000 shippers using Kuebix's platform. This integration allows users to receive instant EFW rates for truckload shipments by simply entering their request on the Kuebix system. The service enhances Kuebix's existing capabilities and aims to streamline the truckload sourcing process, saving time and costs for businesses. Additionally, Kuebix is offering a 60-day free trial of its Business Pro TMS to help improve supply chain management.
Trimble (NASDAQ: TRMB) and Exelon's Aquify have partnered to enhance water utility services using Trimble's IoT and remote monitoring technologies. This collaboration aims to tackle issues such as aging infrastructure, which results in an estimated 14% water loss in the U.S., costing utilities $6.06 billion annually. Aquify will offer tailored digital solutions, including monitoring and analytics, as a subscription service, easing implementation for water utilities constrained by budget and staffing challenges.
On February 12, 2021, Trimble (NASDAQ: TRMB) announced its membership in the Responsible Business Alliance (RBA), a leading coalition focused on corporate social responsibility in supply chains. Trimble aims to uphold the RBA's Code of Conduct and improve working conditions and environmental practices among its suppliers. Leah Lambertson, the head of Sustainability at Trimble, emphasized the company's commitment to ethics and human rights as central to its operations. This membership underlines Trimble's dedication to sustainability and responsible business practices.
Trimble Inc. (NASDAQ: TRMB) reported its fourth quarter and fiscal year 2020 financial results, highlighting a 1% increase in GAAP revenue at $829.7 million. Non-GAAP revenue was flat at $830.0 million. The company achieved an annualized recurring revenue of $1.3 billion, a 9% year-over-year growth. While fiscal 2020 revenue decreased by 4% to $3,147.7 million, operating cash flow rose 15% to $672.0 million. Trimble repurchased 1.9 million shares for $81.6 million and has $90.7 million remaining under its repurchase authorization.
Trimble (NASDAQ: TRMB) has formed a strategic technology and marketing alliance with ROBORACE, the first autonomous racing series, to enhance the development of self-driving technology. As the Official GNSS-Inertial Positioning Technology Partner, Trimble's Applanix POS LVX™ systems will be utilized in ROBORACE's next-gen race cars starting September 2021. This collaboration aims to leverage Trimble's advanced positioning solutions, which are critical for autonomous vehicles. ROBORACE aims to push technological limits and educate the world about autonomous driving.
Trimble (NASDAQ:TRMB) launched the Trimble® Roadworks 3D Paving Control Platform for asphalt pavers, enhancing paving productivity and efficiency. This platform utilizes an automatic 3D screed control system that minimizes asphalt waste and finishes projects on time and under budget. It features an intuitive Android-based interface on a 10-inch display, facilitating easy use for all skill levels. The Roadworks platform also offers office-to-field connectivity through the Trimble SNM941 Connected Site Gateway, ensuring real-time data synchronization for optimal project management.
Trimble (NASDAQ: TRMB) will host a conference call on February 10, 2021, at 2 p.m. PT to discuss its Q4 and full-year 2020 financial results. This live call can be accessed online or via phone at 800-528-9198 (U.S.) or 702-928-6633 (international) using the passcode 7490439. Trimble aims to enhance productivity, quality, safety, and sustainability through its innovative products and services, connecting physical and digital realms across various sectors, including agriculture, construction, and transportation.
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