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 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.
Trimble (NASDAQ: TRMB) announced that Norske tog AS has implemented the Trimble E2M engineering asset and maintenance management system for its leased rail vehicles in Norway. This system provides real-time visibility into maintenance programs and vehicle histories, ensuring compliance with regulatory requirements. Following successful collaboration, the E2M system is expected to enhance the reliability and safety of rail vehicles by optimizing maintenance processes. This partnership highlights Trimble's expertise in rail solutions, aimed at reducing operating costs and asset depreciation.
Trimble (NASDAQ: TRMB) has partnered with Team Rubicon, a nonprofit that mobilizes veterans for disaster relief, to support communities in crisis. Trimble Foundation granted funds to Team Rubicon's Ready Reserve Fund, which trains and deploys volunteers for low-attention disasters. In 2020, Team Rubicon launched 370 operations, largely responding to COVID-19. The partnership aims to bolster disaster readiness, helping underserved communities affected by lesser-known disasters. Trimble's commitment to disaster recovery aligns with its philanthropic focus.
Trimble (NASDAQ: TRMB) announced a collaboration with Deloitte as part of its Real Estate Global Alliance Program. This partnership integrates Trimble's ManhattanONE software with Deloitte's implementation expertise. The ManhattanONE suite is an Integrated Workplace Management System (IWMS) designed to streamline real estate functions, enhance decision-making, and improve employee experience. Deloitte will leverage this technology to assist clients globally in managing real estate portfolios effectively, particularly in return-to-office planning, utilizing data-driven insights.
Trimble (NASDAQ: TRMB) has launched PreDesign, a new service for SketchUp's professional users. This tool allows architects and designers to analyze how climate and environmental factors will influence their design strategies from the outset. By providing essential climate data and insights, PreDesign aims to streamline early design research, reducing the risk of costly rework later in projects. The service includes features such as shading guidance, glazing adjustments, and recommendations for outdoor spaces to foster better design outcomes. PreDesign is currently available to SketchUp Pro, Studio, and Enterprise subscribers.
Trimble (NASDAQ: TRMB) donated to the Illinois Institute of Technology to establish a Technology Lab aimed at enhancing the Construction Engineering and Management Program. This initiative will bolster the university's capabilities in civil and environmental infrastructure and provide students with hands-on experience using Trimble's advanced solutions like the XR10 HoloLens, 3D laser scanners, and various software applications. The collaboration aims to integrate leading technology into education, preparing graduates for impactful careers in engineering and construction.
Trimble has donated to the University of São Paulo to establish a Trimble Technology Lab focused on civil engineering, surveying, and construction. This lab aims to enhance training and research in 3D building design and Building Information Modeling (BIM), providing students hands-on experience with advanced Trimble solutions. The collaboration underscores Trimble's commitment to supporting educational initiatives that prepare future leaders in the construction industry while integrating technology into the curriculum.
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?
