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 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.
Trimble (NASDAQ: TRMB) has introduced the Trimble R980 GNSS system, enhancing its Global Navigation Satellite System (GNSS) receiver portfolio. The R980 incorporates the advanced Trimble ProPoint positioning engine and IMU-based tilt compensation using Trimble TIP technology, enabling efficient work in urban and forested areas without leveling poles. Connectivity is improved with dual-band UHF radios and an integrated worldwide LTE modem, allowing flexible RTK corrections across diverse environments. The R980 supports Trimble IBSS for seamless RTK streaming via Trimble Access software, and includes a 12-month subscription to Trimble CenterPoint RTX for centimeter-level accuracy. Additional features like Trimble IonoGuard and Everest Plus ensure robust performance during solar disturbances and multipath issues. The system is available through Trimble’s distributor channel, complete with optional protection plans.
AST SpaceMobile announced the appointment of Johan Wibergh to its Board of Directors, effective June 3rd. Wibergh, a telecom industry veteran, brings over 35 years of experience, including leadership roles at Vodafone and Ericsson. He will also chair the newly formed Network Planning and Spectrum Committee. Wibergh's expertise spans enterprise networks, mobile network operations, digital transformation, and cybersecurity, making him a valuable asset as AST SpaceMobile advances its space-based cellular broadband network. The company aims to eliminate connectivity gaps and bridge the digital divide.
Trimble announced that it received a deficiency notification from Nasdaq due to its delayed filing of the Quarterly Report on Form 10-Q for the period ending March 29, 2024. This delay was previously disclosed in their SEC filings on May 8 and May 3, 2024. The Nasdaq notice has no immediate impact on Trimble's stock listing. Trimble has 60 days to submit a plan to regain compliance, potentially extending up to November 11, 2024. The company is committed to resolving the issues and filing the report promptly.
Trimble (NASDAQ: TRMB) announced winners of its first Trimble Infinity Awards at the Trimble Innovate 2024 User Conference in Cleveland, Ohio, recognizing 18 organizations for excellence in capital program and infrastructure asset lifecycle management. The City of Raleigh, North Carolina, received the top honor for saving millions annually via Trimble's digital solutions. Awards were categorized into Excellence, Growth, and Trailblazer, highlighting diverse strengths in digital transformation. The event saw nearly 1,400 attendees, including Trimble customers and industry leaders, exploring strategies for efficient asset management.
Trimble (NASDAQ: TRMB) has opened registration for its 2024 Insight Tech Conference, scheduled for September 15-17 at The Venetian Resort in Las Vegas. This annual event, now in its seventh year, will gather over 1,500 transportation industry leaders to explore innovation, networking, and collaboration opportunities. The conference features more than 200 educational sessions, including the executive-focused Leadership Series, covering topics from AI to cybersecurity and driver retention. Mike Abrashoff, former US Navy Commander of the USS Benfold, will deliver the keynote address. The Insight Pavilion will offer new interactive educational opportunities within the exhibitor space. The conference is one of the largest gatherings in the transportation industry, open to anyone interested in transportation trends, technology, and innovation.
Trimble announced the acquisition of Flashtract to enhance subcontractor management capabilities through Trimble Pay, a technology to streamline payment and compliance processes in the construction industry. The technology will be integrated with Trimble Viewpoint Vista ERP solution and showcased at the CFMA National Conference in May 2024.
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