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Trimble Inc. - TRMB STOCK NEWS

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.

News

Trimble and Ferguson Team to Further Streamline Contractor Supply Chain Workflows and Optimize Material Management

Rhea-AI Summary
Trimble and Ferguson have integrated their data to digitize the construction supply chain. Ferguson locations nationwide have joined Trimble's Supplier Xchange network, allowing contractors to access up-to-date pricing information and seamlessly place purchase orders. This collaboration improves efficiency, accuracy, and speed in workflows between estimating, procurement, purchasing, accounting, and project management. Trimble's Supplier Xchange network handles over 10,000 digital connections and 130,000 quote requests per month with an average value of $18 billion USD.
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Trimble Partners with HALO Trust for Landmine Clearance in Ukraine

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Trimble partners with The HALO Trust to expand demining operations in Ukraine. Trimble's GNSS technology aids in locating and clearing landmines. The Trimble Foundation Fund grant supports HALO's capacity building and coordination efforts.
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Trimble Announces David Barnes to Retire from the Company; Phil Sawarynski Named CFO effective May 2024

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Trimble announced that Chief Financial Officer David Barnes will retire in May 2024. Phil Sawarynski, currently the Vice President of Treasury, Corporate Development, and Co-Lead of Trimble Ventures, will take over as the new CFO. Barnes and Sawarynski will work together for the next six months to ensure a smooth transition. Sawarynski has been with Trimble since 2009 and has held various leadership roles.
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Trimble Announces Third Quarter 2023 Results

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Trimble Inc. announced its financial results for the third quarter of 2023. The company reported record annualized recurring revenue of $1.94 billion, up 25% YoY, and a third-quarter revenue of $957.3 million, up 8% YoY. Trimble achieved a GAAP gross margin of 61.7% and a non-GAAP gross margin of 65.0%. The GAAP operating income margin was 12.7%, and the non-GAAP operating income margin was 26.2%.
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Trimble Opens Two Technology Labs at The Ohio State University to Advance the Next Generation of Agriculture and Construction Talent

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Trimble and The Ohio State University open two state-of-the-art Trimble Technology Labs for the College of Food, Agricultural, and Environmental Sciences
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Trimble Third Quarter 2023 Earnings Call and Webcast

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Trimble to hold conference call to review third quarter 2023 results
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Trimble Announces FedRAMP Authorized Status for e-Builder Enterprise Government Edition

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Trimble's e-Builder Enterprise Government Edition receives Authorization to Operate from the U.S. Department of Energy
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Trimble and Mincon Offer Trimble Ready Drilling and Piling Solution for Solar Industry

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Trimble announces availability of Trimble Ready factory option for Mincon piling and drilling attachments, reducing installation cost and complexity for contractors.
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Trimble Technology Lab for Architecture and Construction Opens at Virginia Tech

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Trimble and Virginia Tech have opened a state-of-the-art Trimble Technology Lab at the university's Blacksburg campus, providing students with cutting-edge tools and training in architecture and construction engineering.
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AGCO to Acquire Trimble Ag Assets and Technologies Through a Joint Venture Focused on Next-Generation Precision Ag Technology

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AGCO Corporation enters into a joint venture with Trimble, acquiring an 85% interest in Trimble's Ag assets and technologies for $2.0 billion. The transaction is expected to be accretive to AGCO's revenue growth, operating margin profile, and earnings per share. AGCO's combined Precision Ag revenue is projected to exceed $2.0 billion by 2028. AGCO's Grain & Protein business will undergo strategic review. The JV creates a global leading mixed-fleet Precision Ag platform and enhances AGCO's technology stack, accelerating growth ambitions. Commercial synergies and cost savings are expected to double the JV's EBITDA by year 5 post-closing. The purchase price implies a transaction multiple of approximately 13.8x based on 2023E EBITDA of approximately $170 million. Closing is expected in the first half of 2024, subject to regulatory approval and customary closing conditions.
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FAQ

What is the current stock price of Trimble (TRMB)?

The current stock price of Trimble (TRMB) is $71.64 as of December 20, 2024.

What is the market cap of Trimble (TRMB)?

The market cap of Trimble (TRMB) is approximately 17.5B.

What does Trimble Inc. do?

Trimble Inc. is a technology company that provides solutions for connecting the physical and digital worlds. Its core technologies include positioning, modeling, connectivity, and data analytics, which improve productivity, quality, safety, and sustainability across various industries.

What are the main segments of Trimble’s business?

Trimble operates in four major segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment is the largest, serving professionals in architecture, engineering, construction, design, asset management, and maintenance.

Where is Trimble Inc. headquartered?

Trimble Inc. is headquartered in Westminster, Colorado, USA.

What recent achievements has Trimble made?

Recent achievements include the Level 2 Certification of its e-Builder Enterprise and AgileAssets solutions by TX-RAMP, the formation of the PTx Trimble joint venture with AGCO Corporation, and the adoption of the CONNECTED FOREST suite by Swedish forestry company Holmen.

How does Trimble contribute to sustainability?

Trimble contributes to sustainability through various initiatives, including precision agriculture tools, optimizing freight procurement processes with Autonomous Procurement solutions, and implementing data-driven forestry management systems.

What are Trimble’s latest financial highlights?

Trimble reported record annualized recurring revenue and gross margins in the first quarter of 2024. The company expects continued growth in revenue and earnings for the full year 2024, driven by strategic initiatives and a focus on recurring revenue streams.

What is the significance of Trimble’s joint venture with AGCO Corporation?

The joint venture with AGCO Corporation, named PTx Trimble, combines Trimble’s precision agriculture business with AGCO's JCA Technologies. It aims to provide farmers with advanced precision ag tools, enhancing productivity and sustainability.

How does Trimble support the forestry sector?

Trimble supports the forestry sector with its CONNECTED FOREST suite, a comprehensive forest management system. Recently, Holmen, a leading Swedish forestry company, adopted this suite to transform its operations into a data-driven approach.

What solutions did Trimble recently get certified by TX-RAMP?

Trimble's e-Builder Enterprise and AgileAssets solutions recently received Level 2 Certification from the Texas Risk and Authorization Management Program (TX-RAMP). These solutions support secure asset lifecycle management for capital improvement programs and infrastructure networks.

How can investors stay updated on Trimble’s financial performance?

Investors can stay updated on Trimble’s financial performance by visiting the investor relations section of the company's website and participating in quarterly earnings calls. Trimble also provides regular updates through press releases and SEC filings.

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Trimble Inc.

Nasdaq:TRMB

TRMB Rankings

#593 Ranked by Market Cap
N/A Ranked by Dividends

TRMB Stock Data

17.52B
243.31M
0.34%
96.84%
1.28%
Scientific & Technical Instruments
Measuring & Controlling Devices, Nec
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