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.
ProStar Holdings (TSXV: MAPS) celebrated its listing on the Toronto Stock Exchange by ringing the opening bell on March 5, 2021. The event, attended by CEO Page Tucker and the ProStar team, symbolizes a significant milestone for the company, known for its Precision Mapping Solutions. ProStar's flagship product, PointMan, serves various sectors, including construction and energy, and is recognized for its cloud and mobile capabilities. The company has a robust IP portfolio with 19 patents protecting its technology related to underground utilities. Strategic partnerships include Trimble (NASDAQ: TRMB).
ProStar Holdings Inc. has launched 'The PointMan® Dealer Program' to enhance its sales and marketing strategies. This initiative follows a successful pilot with select Trimble dealers in the U.S. and aims to expand partnerships with leading equipment manufacturers like Trimble, Vivax-Metrotech, and Radiodetection across North America. PointMan, the company's flagship product, is a mobile mapping application that accurately locates surface and subsurface infrastructure. The program seeks to create a consortium between ProStar and equipment manufacturers to improve utility mapping solutions.
Trimble (NASDAQ: TRMB) has launched the Dimensions Spotlight Series, starting March 2021, aimed at addressing significant topics like U.S. Infrastructure, the Evolving Workforce, Sustainability, and Automation. This no-cost learning initiative will feature industry experts providing insights to enhance productivity and innovation. The first episode, available on March 10, will discuss collaboration in digital project delivery. Subsequent episodes will cover strategic infrastructure planning and the role of digital technology in workforce evolution.
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.
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