STOCK TITAN

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.

Overview of Trimble Inc

Trimble Inc (TRMB) is a global technology solutions provider that seamlessly connects the physical and digital worlds through advanced positioning, modeling, connectivity and data analytics. With a broad portfolio covering hardware, software and services, Trimble delivers integrated solutions that drive enhanced productivity, quality, safety, transparency and sustainability for professionals across multiple industries.

Core Business Areas

At its core, Trimble transforms workflows by providing purpose-built products and enterprise lifecycle solutions that serve diverse sectors such as construction, geospatial, agriculture, transportation and logistics. The company’s reportable segments include Buildings and Infrastructure—which caters to architects, engineers and construction professionals—Geospatial, Resources and Utilities, and Transportation. Each business unit is designed to optimize operational efficiency by leveraging cutting-edge technologies and sophisticated data analytics.

Innovative Technologies and Solutions

Trimble has established a reputation for integrating digital innovations with traditional industry practices. Its solutions include:

  • Positioning and Modeling: Tools that accurately map and model real-world environments.
  • Connectivity and Data Analytics: Platforms that enable real-time insights, secure data exchanges and collaborative workflows across job sites and offices.
  • Reality Capture: Advanced systems using 3D laser scanning, mobile mapping and aerial vehicles to digitize physical assets for improved project management.
  • Fleet Management and Telematics: Solutions that enhance vehicle tracking, navigation and fleet efficiency through integrated in-cab technology.

Market Position and Competitive Landscape

Serving customers in over 140 countries, Trimble’s global network of dealers and distribution partners ensures its advanced solutions are accessible worldwide. Its ability to integrate complex systems—from construction workflow management to advanced analytics—positions Trimble as a significant player among peers in digital transformation. Trimble’s strategy emphasizes empowering professionals with interoperable solutions that integrate seamlessly with a range of third-party systems and proprietary software, ensuring that every link in the workflow is optimized for maximum return on investment and operational efficiency.

Operational Excellence and Industry Expertise

With deep industry expertise, Trimble supports a variety of client segments through its connected ecosystem, where cloud-based platforms and analytical tools foster enhanced decision-making. This ecosystem includes elements like integrated project management software for construction, mobile solutions for field workforce connectivity and advanced AI-driven capabilities that streamline data capture and analysis. The company is known for its commitment to maintaining data integrity and securing collaboration platforms, making its solutions robust and reliable.

Enhanced Collaboration and Digital Transformation

Trimble’s offerings are not merely about technology adoption; they focus on transforming traditional workflows into highly efficient, interconnected processes that span from design to on-site execution and post-construction management. This digital transformation is evident in solutions like the cloud-based common data environment, which facilitates the secure sharing and processing of massive datasets, as well as innovative initiatives that incorporate artificial intelligence to automate repetitive tasks and enhance the creative process in design and construction.

Broader Industry Impact

Beyond the core segments, Trimble’s diverse range of digital tools supports industries with critical operational challenges. Whether it is through enhancing visibility in freight transportation markets or enabling real-time data accessibility on the job site, Trimble’s technology is fundamental to modernizing industries. By connecting physical assets with digital environments, Trimble leads its customers towards higher efficiency, better safety standards and improved project outcomes.

This comprehensive approach, underpinned by decades of expertise and continuous technological innovation, positions Trimble Inc as a respected and trusted provider in the global marketplace, making it a cornerstone for professionals seeking to optimize their operational workflows without compromising on quality or safety.

Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.09%
Tags
-
Rhea-AI Summary
Trimble and The Ohio State University open two state-of-the-art Trimble Technology Labs for the College of Food, Agricultural, and Environmental Sciences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
none
-
Rhea-AI Summary
Trimble to hold conference call to review third quarter 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
Rhea-AI Summary
Trimble's e-Builder Enterprise Government Edition receives Authorization to Operate from the U.S. Department of Energy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
-
Rhea-AI Summary
Trimble announces availability of Trimble Ready factory option for Mincon piling and drilling attachments, reducing installation cost and complexity for contractors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.5%
Tags
-
Rhea-AI Summary
Joint venture between Trimble and AGCO to create a global leader in mixed fleet smart farming and autonomy solutions, with Trimble expecting approximately $3 billion in value from the transaction. Trimble will receive $2 billion in pre-tax cash proceeds plus a 15% stake in the JV. The JV will offer seamless integration and connectivity across geographies, equipment brands, and the crop life cycle. Transaction simplifies Trimble's focus and increases its software, services, and recurring revenue. Trimble's precision agriculture business is expected to generate fiscal 2023 revenues of approximately $535 million and Adjusted EBITDA of approximately $185 million. Transaction expected to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.5%
Tags
none
-
Rhea-AI Summary
Trimble launches SketchUp Viewer for Meta Quest, allowing professionals to view and present 3D SketchUp models in virtual reality. The VR experience improves communication and collaboration, enables clients to walkthrough and experience designs, and helps spot errors. The application is free for all users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
Rhea-AI Summary
Trimble (NASDAQ: TRMB) partners with Kyivstar to install a new CORS network in Ukraine, using Trimble's hardware and software positioning technology to provide high-accuracy real-time or post-processed GNSS corrections data for various industries. The network will be installed on Kyivstar's communication towers, with the first phase of installation to be completed by the end of 2023 and the second phase by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
partnership

FAQ

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

The current stock price of Trimble (TRMB) is $56.51 as of April 4, 2025.

What is the market cap of Trimble (TRMB)?

The market cap of Trimble (TRMB) is approximately 14.1B.

What core industries does Trimble serve?

Trimble serves a wide range of industries including construction, geospatial, transportation, agriculture, and utilities, by providing technology solutions that connect physical and digital workflows.

How does Trimble generate its revenue?

Trimble generates revenue through a diverse portfolio encompassing hardware, software, and subscription-based services, addressing needs from enterprise lifecycle solutions to field asset management.

What is Trimble’s value proposition?

Trimble’s value lies in integrating precise positioning, advanced modeling, and real-time data analytics to improve productivity, safety, and sustainability across various industries.

How does Trimble support digital transformation?

Trimble leverages cloud-based platforms, AI-enhanced tools, and connectivity solutions to transform traditional workflows into efficient digital ecosystems, enabling better decision making and collaboration.

What are the major business segments of Trimble?

Trimble operates through key segments such as Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation, each designed to address specific market challenges.

How does Trimble's technology improve field operations?

By integrating cutting-edge reality capture, telematics, and mobile connectivity, Trimble’s solutions enable seamless data transfer from the job site to the office, enhancing operational efficiency and safety.

In what ways is Trimble leveraging AI in its solutions?

Trimble incorporates AI to automate data capture, enhance point cloud analysis, enable predictive analytics and streamline repetitive tasks, ultimately boosting workflow efficiency.

How does Trimble maintain a competitive edge in its market?

Trimble’s competitive advantage is rooted in its comprehensive, integrated ecosystem, global presence and continuous innovation, which together enhance customer ROI and operational excellence.
Trimble Inc

Nasdaq:TRMB

TRMB Rankings

TRMB Stock Data

14.13B
244.91M
0.35%
96.65%
1.2%
Scientific & Technical Instruments
Measuring & Controlling Devices, Nec
Link
United States
WESTMINSTER