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) has unveiled its new Trimble Reality Capture platform service, an extension to Trimble Connect, designed to enhance collaboration and secure sharing of large reality capture datasets. This service streamlines data management, visualization, and collaboration for professionals across various industries. It supports data from 3D laser scanning, mobile mapping, and UAV systems, making it easier to access and collaborate on complex projects while maintaining data integrity.
The platform leverages Microsoft Azure technology to efficiently handle massive datasets, significantly reducing processing time. It integrates with other Trimble software solutions and third-party systems, creating a connected ecosystem that bridges the gap between jobsite and office. This launch marks a step towards realizing living digital twins and AI applications at scale in the geospatial industry.
Trimble (NASDAQ: TRMB) has announced the winners of its 2024 Ovation Awards, recognizing customers in the transportation & logistics segment for innovative use of Trimble technology to enhance performance, safety, and efficiency. The awards highlight achievements in four categories:
1. Automation All-Stars: Tracso for automating compliance processes.
2. Better Together: Tucker Freight Lines, Polaris Transportation Group, Ashley Furniture, and NFI for collaborative implementations.
3. Rookies of the Year: Landstar Transportation Logistics for rapid adoption and results.
4. Safety Superteam: Ocean State Job Lot and Billy Barnes Enterprises for improving safety measures.
Winners demonstrated significant improvements in areas such as data accuracy, integration, messaging speed, and accident reduction. The awards ceremony will take place during Trimble's Insight Tech Conference in Las Vegas, September 15-17.
Trimble Inc. (NASDAQ: TRMB) has received a deficiency notification from Nasdaq on August 16, 2024, due to its failure to timely file its Q2 2024 Form 10-Q. This follows a similar notice received in May 2024 for the delayed Q1 2024 Form 10-Q filing. The company is not currently in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
Trimble has until August 31, 2024, to submit an updated compliance plan to Nasdaq. The company has already received an extension until November 11, 2024, to regain compliance for the Q1 filing. Trimble's stock listing on the Nasdaq Global Select Market is not immediately affected, and the company intends to take necessary steps to regain compliance as soon as possible.
Trimble (NASDAQ: TRMB) has released 'The Road Ahead: Key Trends and Capabilities Shaping the North American Freight Transportation Market', a Transporeon report analyzing the truckload transportation sector. The report highlights five key trends:
1. Market Challenges: Low demand and ample capacity creating difficulties for carriers.
2. Nearshoring: Mexico surpassing China as the leading source of U.S. imports.
3. Freight Fraud: 59% increase in cargo theft in Q3 2023 compared to Q3 2022.
4. Sustainability and Electric Vehicles: New emissions standards accelerating the switch to greener vehicles.
5. California's AB5 Bill: Potential reclassification of independent contractors as employees.
The report suggests solutions including enhanced collaboration via transportation management platforms, real-time freight visibility, and digital tools to streamline processes.
Trimble Inc. (NASDAQ: TRMB) announced its Q2 2024 financial results, showcasing strong execution and record-breaking performance in key areas. The company reported record annualized recurring revenue (ARR) of $2.11 billion, up 12% year-over-year and 14% organically. Despite a 12% year-over-year revenue decline to $870.8 million, Trimble achieved record second quarter gross margin, reflecting ongoing business transformation and favorable mix shift.
Notable financial highlights include:
- Non-GAAP operating income of $194.4 million (22.3% of revenue)
- Non-GAAP net income of $151.9 million
- Non-GAAP diluted EPS of $0.62
- Adjusted EBITDA of $214.0 million (24.6% of revenue)
Based on these strong results, Trimble is raising its full-year guidance for revenue and earnings per share, demonstrating confidence in its Connect & Scale strategy and continued innovation.
Trimble (NASDAQ: TRMB) has announced its upcoming second quarter 2024 earnings call and webcast, scheduled for Tuesday, August 6, 2024, at 8 a.m. ET. The company will review its Q2 2024 financial results during this call. Investors can access the live webcast through Trimble's investor relations website. For those without internet access, a dial-in option is available with the conference ID 1043223. U.S. callers can use (888) 660-6347, while international participants should dial (929) 201-6594.
Trimble (NASDAQ: TRMB) announced that its 3D modeling software, SketchUp®, has been chosen as the primary BIM/CIM solution for Taisei 's civil engineering projects. SketchUp's intuitive features will enable Taisei to visualize, communicate, and align on design ideas in 3D across all stakeholders. The software offers benefits such as:
- Avoiding costly clashes and errors
- Achieving quicker alignment across stakeholders
- Serving as a single source of truth across devices and teams
- Importing scanned point clouds for better understanding of existing structures
- Utilizing AR and VR functionality for immersive 3D experiences
SketchUp's selection is expected to improve collaboration, unlock efficiencies, and increase productivity throughout Taisei's civil engineering projects.
Trimble (NASDAQ: TRMB) and Esri have extended their strategic partnership to enhance collaboration in GIS software, location intelligence, and mapping. The partnership aims to optimize processes, support decision-making, and automate workflows for greener infrastructure planning, construction, and operations. Key points include:
1. Trimble is now a Platinum partner in the Esri Partner Network
2. Focus on solution interoperability and deeper technology integration
3. Launch of Trimble Unity, a new asset lifecycle management suite
4. Exploration of emerging technologies, including AI and industry data models
5. Collaboration on humanitarian efforts with The HALO Trust
This partnership supports Trimble's mission to modernize the plan-design-build-operate lifecycle and enhance the way people build and manage infrastructure for safer, smarter communities.
Trimble (NASDAQ: TRMB) has launched Trimble Unity, a comprehensive asset lifecycle management software suite. Trimble Unity integrates cloud-first solutions for capital project and infrastructure management, offering centralized data and connected workflows. This suite aims to enhance decision-making, improve asset performance, and reduce the total cost of asset ownership by up to 40%. Key features include the Trimble Unity Construct, Maintain, Permit, and Connect capabilities. The suite is available through a single-contract subscription, simplifying procurement and enabling easier scalability. Core components are available now, with additional features to be released in August 2024.
Trimble (NASDAQ: TRMB) announced that TMC, a leading U.S. flatbed carrier, has selected its Instinct and Video Intelligence fleet management solutions. These technologies aim to enhance TMC's fleet safety, compliance, and operational efficiency. TMC, founded in 1972 and known for its driver-first culture, will use Trimble's solutions to connect drivers with back-office operations, improving workflows and regulatory compliance. Trimble's Video Intelligence solution offers high-definition cameras to mitigate risks and provide neutral eyewitness perspectives. This partnership aligns with both companies' vision for a safer, more efficient transportation industry.
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