Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades. The Geospatial segment provides surveying and geospatial products, and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions. This segment also provides manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; and agricultural software. The Transportation segment offers solutions for long haul trucking and freight shipper markets; mobility solutions, including route management, safety and compliance, end-to-end vehicle management, video intelligence, and supply chain communications; and fleet and transportation management systems, analytics, routing, mapping, reporting, and predictive modeling solution under Trimble brand name. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.
IPO Year: 1990
Exchange: NASDAQ
Website: trimble.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/13/2024 | $51.00 → $68.00 | Neutral → Overweight | Piper Sandler |
| 9/29/2023 | $65.00 | Mkt Perform → Outperform | Raymond James |
| 4/5/2023 | Hold → Buy | Edward Jones | |
| 3/7/2023 | $40.00 | Neutral → Sell | Northcoast |
| 12/13/2022 | Outperform → Mkt Perform | Raymond James | |
| 9/8/2022 | $82.00 → $70.00 | Overweight → Neutral | Piper Sandler |
| 8/17/2022 | Peer Perform | Wolfe Research | |
| 5/23/2022 | $70.00 → $67.00 | Underweight → Equal-Weight | Morgan Stanley |
| 2/10/2022 | $95.00 → $90.00 | Outperform | Raymond James |
| 2/10/2022 | $101.00 → $102.00 | Overweight | Piper Sandler |
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Performance Food Group migrates 100 percent of its fleet management business to Trimble Instinct, doubling Trimble-serviced trucks WESTMINSTER, Colo., Nov. 21, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) announced today that Performance Food Group Company (PFG) (NYSE:PFGC), one of North America's largest food and foodservice distribution companies, has selected Trimble, as its premier fleet management provider — servicing 100 percent of PFG's fleet business and doubling the number of trucks managed with Trimble in-cab technology from 4,000 to more than 8,000. Trimble will pro
To date, management has not identified any errors that would require a restatement of financials WESTMINSTER, Colo., Nov. 14, 2024 /PRNewswire/ -- On November 13, 2024, Trimble Inc. (NASDAQ:TRMB) received a staff delisting determination from the Listing Qualifications Department of The Nasdaq Stock Market LLC, informing the Company that Nasdaq has initiated a process which could result in the delisting of the Company's common stock from Nasdaq as a result of the Company not being in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.
Seven contractors recognized for use of Trimble technology for architecture, engineering and construction workflows, processes and projects LAS VEGAS, Nov. 12, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) today announced winners of the annual Trimble Construction Innovation Awards, recognizing exceptional use of Trimble technology on workflows, processes and projects by North American customers. Six award categories allowed applicants to highlight any and all types of Trimble construction technology used throughout their operations — from design, 3D modeling, estimating and fin
AI advancements extend value of Trimble construction technology and expertise to drive efficiencies in the field and the office LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) today gave attendees of its annual user conference, Trimble Dimensions, an inside look at the company's latest initiatives to incorporate artificial intelligence (AI) into construction workflows to help automate processes, improve decision making and enhance productivity. With an extensive hardware and software portfolio, vast domain-specific datasets and deep industry expertise, Trimble is driving meaningful and transformative innovation with AI.
Increased accessibility through a no-cost option enables all contractors to take advantage of Trimble ProjectSight with a new AI feature that supports greater automation and efficiency LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) is unveiling a free version of Trimble ProjectSight®, featuring AI and advanced tools that were previously inaccessible to many in the construction industry. This initiative underscores Trimble's strategy to empower contractors of all sizes with connected data and workflows. ProjectSight provides a centralized, real-time solution for managing and sharing project information, including documents and drawings. Contractors use the application to coll
Industry-standard 3D software reaches new growth milestone LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) today announced that its SketchUp® 3D modeling software surpassed one million active subscribers. The growth is supported by SketchUp's transition to a subscription business model, the continuous introduction of innovative product features, and Trimble's customer-centric focus on delivering value to the architecture, engineering and construction (AEC) industry. The announcement was made at Trimble Dimensions User Conference and 3D Basecamp. Subscription of
Trimble App Xchange and Trimble Marketplace make it easier for contractors and software developers to build new integrations as well as find existing integrations that automatically connect applications and data LAS VEGAS, Nov. 11, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) today announced enhancements to Trimble App Xchange and launched Trimble Marketplace to expand connections between applications and data across construction workflows. With App Xchange, software developers can build integrations that can be sold as ready-to-use options for customers. These integrations can be found on Trimble Marketplace, which now boasts more than 100 integrations between Trimble products and third-part
Extends Trimble's all-in-one solution for survey and machine guidance to any compact track loader bucket WESTMINSTER, Colo., Nov. 7, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) announced today the availability of its Trimble Siteworks Machine Guidance Module for compact track loaders. Siteworks Machine Guidance extends the capabilities of Trimble Siteworks Software from surveying and layout to support on-machine guidance and operator assistance, now on compact track loader buckets. This marks the first new machine type for the Siteworks Machine Guidance Module since it was introduced for excavators in 2023 and is Trimble's first machine guidance solution designed for compact track loader buc
Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord gross margin, demonstrating continued business transformation and favorable mix shiftContinued simplification and focusing of business via recently announced Mobility divestitureRaising full year guidanceWESTMINSTER, Colo., Nov. 6, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the third quarter of 2024. Third Quarter 2024 Financial Highlights Revenue of $875.8 million, down 9 percent on a year-over-year basis, up 3 percent on an organi
WESTMINSTER, Colo., Oct. 23, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) will hold a conference call on Wednesday, November 6, 2024 at 8 a.m. ET to review its third quarter 2024 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. About TrimbleTrimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical world
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AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the appointment of telecom industry veteran Johan Wibergh to its Board of Directors, effective June 3rd. Wibergh brings over 35 years of experience in the telecommunications sector, including leadership positions at Vodafone and Ericsson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604977331/en/Johan Wibergh (Photo: Business Wire) "We are thrilled to welcome Johan to our B
Kara Sprague and Ron Nersesian elected as new independent directors $800 million share repurchase authorized WESTMINSTER, Colo., Jan. 30, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) announced today the appointment of Kara Sprague and Ron Nersesian to its Board of Directors, effective February 5, 2024. Sprague is the Executive Vice President and Chief Product Officer at F5, Inc., and Nersesian is the Chairman of the Board of Directors of Keysight Technologies, and formerly served on Trimble's Board of Directors from November 2011 through May 2021. "We are thrilled to welcom
Main shareholder and longtime President and CEO, Pascale Nini, hires a new Chief Executive Officer to fuel growth and propel the company to new heights. With an innovative mind and a progressive attitude, Immervision's current President and CEO, Pascale Nini, spearheaded the search and hire of a new CEO to lead the company through its next exciting growth phase. On November 20, 2023, Immervision will officially welcome Michel Van Maercke as CEO and Pascale Nini will transition into her new role as Executive Chairwoman. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231115606901/en/Michel Van Maercke is named as new CEO of Imme
SUNNYVALE, Calif., Aug. 7, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced the appointment of Rob Painter to its board of directors. Painter currently serves as president and chief executive officer at Trimble (NASDAQ:TRMB), a global technology company focused on transforming work for industries spanning agriculture, construction, geospatial and transportation. "We are thrilled to welcome Rob to our Synopsys board of directors," said Aart de Geus, chair and CEO of Synopsys. "Rob is a visionary leader whose expertise in driving innovation and leading transformational growth by digitalization across the technology landscape will further accelerate our mission to help catalyze
Wise Systems, the leading AI-driven delivery optimization platform provider, announced that it has appointed Chris Martin as Chief Financial Officer. Martin joins Wise Systems from Trimble (NASDAQ:TRMB) where he served a variety of senior roles, including as Controller (Transportation Enterprise) and Vice President (Shipper Solutions) of Trimble Transportation, the division for mobility solutions, telematics, mapping services and transportation management systems. In his role at Wise Systems, Martin will oversee all aspects of the company's financial management and operations, including positioning the organization for rapid scaling. "Chris is a dynamic leader with a diverse skill set in
SUNNYVALE, Calif., Jan. 13, 2022 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today the appointment of Thomas Sweet to its Board of Directors, effective January 15, 2022. Sweet is chief financial officer (CFO) of Dell Technologies, one of the world's leading technology companies. His career at Dell spans 24 years where he held various finance and sales leadership positions before being appointed CFO in 2014. "Tom brings to the Trimble board decades of experience and insight into the way technology is transforming the world of data," said Rob Painter, Trimble's CEO. "He has helped Dell evolve to become one of the world's most essential technology companies, creating tremendous value for
SUNNYVALE, Calif., July 26, 2021 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today the appointment of Ann Fandozzi to its Board of Directors, effective August 16. Fandozzi is chief executive officer (CEO) of Ritchie Bros. Auctioneers Incorporated, a leader in the on-line sale of industrial equipment. Before joining Ritchie, Fandozzi held CEO positions at vRide, an enterprise ride sharing business, and ABRA Auto Body & Glass. She has held senior operating leadership positions in the automotive and consumer industries. Fandozzi serves on the boards of directors of both Ritchie and Ghost Robotics and is a past member of Pinnacle Foods' board of directors. "Ann brings a wealth of knowledge
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Piper Sandler upgraded Trimble from Neutral to Overweight and set a new price target of $68.00 from $51.00 previously
Raymond James upgraded Trimble from Mkt Perform to Outperform and set a new price target of $65.00
Edward Jones upgraded Trimble from Hold to Buy
Northcoast downgraded Trimble from Neutral to Sell and set a new price target of $40.00
Raymond James downgraded Trimble from Outperform to Mkt Perform
Piper Sandler downgraded Trimble from Overweight to Neutral and set a new price target of $70.00 from $82.00 previously
Wolfe Research initiated coverage of Trimble with a rating of Peer Perform
Morgan Stanley upgraded Trimble from Underweight to Equal-Weight and set a new price target of $67.00 from $70.00 previously
Raymond James reiterated coverage of Trimble with a rating of Outperform and set a new price target of $90.00 from $95.00 previously
Piper Sandler reiterated coverage of Trimble with a rating of Overweight and set a new price target of $102.00 from $101.00 previously
Collaboration Aims To Optimize Processes, Support Decision Making, And Automate Workflows For Greener Infrastructure; Focus On Technology Innovation, Digital Transformation, Sustainability, And Humanitarian Projects
Raymond James analyst Brian Gesuale reiterates Trimble (NASDAQ:TRMB) with a Outperform and maintains $65 price target.
Trimble (NASDAQ:TRMB) announced today it has acquired privately-held Flashtract, a company delivering specialized technology to streamline the flow of payment and compliance information between construction general contractors and subcontractors. Financial terms were not disclosed.
Oppenheimer analyst Kristen Owen maintains Trimble (NASDAQ:TRMB) with a Outperform and maintains $72 price target.
Piper Sandler analyst Clarke Jeffries reiterates Trimble (NASDAQ:TRMB) with a Overweight and maintains $73 price target.
Trimble Inc (NASDAQ:TRMB) reported a fiscal first-quarter 2024 revenue growth of 4% to $953.30 million, beating the consensus of $912.53 million. Revenue growth was flat Y/Y on an organic basis. The adjusted EPS of $0.64 beat the consensus of $0.62. The stock price gained after the results in the premarket session, only to fall after the market opened. Annualized recurring revenue was $2.03 billion, up 23% Y/Y on an organic basis. Product revenue declined 15.5% Y/Y to $367.1 million. Subscription and services grew by 21.9% Y/Y to $586.2 million. The adjusted gross margin expanded by 160 bps to 65.8%. Trimble held $255.1 million in cash and equivalents as of the first quarter
Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord gross margin, demonstrating continued business transformation and favorable mix shiftContinued simplification and focusing of business via recently announced Mobility divestitureRaising full year guidanceWESTMINSTER, Colo., Nov. 6, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the third quarter of 2024. Third Quarter 2024 Financial Highlights Revenue of $875.8 million, down 9 percent on a year-over-year basis, up 3 percent on an organi
WESTMINSTER, Colo., Oct. 23, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) will hold a conference call on Wednesday, November 6, 2024 at 8 a.m. ET to review its third quarter 2024 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. About TrimbleTrimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical world
Record annualized recurring revenue, reflecting ongoing execution of the Connect & Scale strategyRecord second quarter gross margin, demonstrating continuing business transformation and favorable mix shiftRaising full year guidance for revenue and earnings per shareWESTMINSTER, Colo., Aug. 6, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the second quarter of 2024. Second Quarter 2024 Financial Highlights Revenue of $870.8 million, down 12 percent on a year-over-year basis, up 1 percent on an organic basisAnnualized recurring revenue ("A
WESTMINSTER, Colo., July 24, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) will hold a conference call on Tuesday, August 6, 2024 at 8 a.m. ET to review its second quarter 2024 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. About Trimble Trimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds
Proven Payment, Compliance and Lien Waiver Technology Advances Trimble Construction One Integrated Subcontractor Management Capabilities WESTMINSTER, Colo., May 8, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today it has acquired privately-held Flashtract, a company delivering specialized technology to streamline the flow of payment and compliance information between construction general contractors and subcontractors. Financial terms were not disclosed. Flashtract technology is used to manage payment applications, lien waivers and other compliance and billing documen
Record annualized recurring revenue of $2.03 billion, up 23 percent on a year-over-year basis, up 13 percent on an organic basisRecord GAAP gross margin of 62.3 percent and record non-GAAP gross margin of 65.8 percentGAAP operating income was $109.2 million, 11.5 percent of revenue, and non-GAAP operating income was $234.4 million, 24.6 percent of revenueAdjusted EBITDA was $250.9 million, 26.3 percent of revenueWESTMINSTER, Colo., May 3, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights Revenue of $953.3 million, up 4 percent on a year-over-year basis, flat on an organic basisAnnualized r
WESTMINSTER, Colo., April 22, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) will hold a conference call on Friday, May 3, 2024 at 8 a.m. ET to review its first quarter 2024 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. About Trimble Trimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds to i
Record annualized recurring revenue of $1.98 billion, up 24 percent on a year-over-year basis, up 13 percent on an organic basisFull year GAAP gross margin of 61.4 percent and non-GAAP gross margin of 64.7 percentFull year GAAP operating income was $448.8 million, 11.8% of revenue, and non-GAAP operating income was $934.7 million, 24.6% of revenueFull year Adjusted EBITDA was $1.0 billion, 26.6 percent of revenueWESTMINSTER, Colo., Feb. 12, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the fourth quarter and fiscal year 2023. Fourth Qua
WESTMINSTER, Colo., Jan. 30, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) will hold a conference call on Monday, February 12, 2024 at 8 a.m. ET to review its fourth quarter and full year 2023 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223. About Trimble Dedicated to the world's tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, bu
Joint Venture to Accelerate Innovation in Factory-Fit and Aftermarket Solutions to Benefit Farmers Across the Globe Transaction to Simplify and Accelerate Trimble's Focus on its Connect and Scale Strategy WESTMINSTER, Colo., Sept. 28, 2023 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today a definitive agreement to form a joint venture (the "JV") with AGCO (NYSE:AGCO) to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market. Trimble and AGCO's shared vision is to create a global leader in mixed fleet smart farming and autonomy solutions.