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 |
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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 |
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.
Transformational transaction creates an industry leading global mixed-fleet Precision Ag platform Enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability AGCO's combined Precision Ag revenue now expected to exceed $2.0 billion by 2028 Transaction is expected to be accretive to AGCO's revenue growth, operating margin profile and earnings per share in the first full year post-close AGCO's Grain & Protein business to be placed under strategic review AGCO Corporation (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural machinery and Precision Ag technology, announced i
Record annualized recurring revenue of $1.88 billion, up 14 percent on an organic basisSecond quarter total revenue of $994 million, up 6 percent on a year-over-year basis, up 3 percent year-over-year on an organic basisGAAP gross margin of 60.8 percent and non-GAAP gross margin of 64.2 percentWESTMINSTER, Colo., Aug. 3, 2023 /PRNewswire/ -- Trimble Inc. (NASDAQ:TRMB) today announced financial results for the second quarter of 2023. Second Quarter 2023 Financial Highlights Revenue of $993.6 million, up 6 percent on a year-over-year basis, up 3 percent year-over-year on an organic basisAnnualized recurring revenue ("ARR") was $1.88 billion, up 24 percent year-over-year, up 14 percent on an or
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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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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
Renewed agreement enhances grade control solutions and expanded distribution options IRVING, Texas and WESTMINSTER, Colo., Oct. 2, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) and Trimble (NASDAQ:TRMB) today announced the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption. Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute
WESTMINSTER, Colo., Oct. 2, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) announced today the winners of its 2024 Tekla® Global Building Information Modeling (BIM) Awards. In this biennial competition, the world's most impressive structural construction projects that use Tekla solutions are judged in eight categories on criteria such as Use of BIM and Collaboration, Innovative Use of Tekla Software, Constructibility, Environmental Benefits and Cool Factor. The overall winner for the best BIM project of 2024 is the Kruunuvuori Bridge in Helsinki, an end-to-end BIM project. Tekla
WESTMINSTER, Colo., Sept. 27, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today it will host the following event with the financial community: Event: Trimble Investor Day 2024 Presenters: President and Chief Executive Officer, Rob Painter and Chief Financial Officer, Phil Sawarynski, along with members of Trimble's senior management team, will provide an in-depth overview of Trimble's Connect & Scale strategy, new reporting segments and financial objectives. Location: New York City, New York When: Tuesday, December 10, 2024; presentations, including question and answe
Alvys, a leading provider of transportation management software, announced a groundbreaking web-based solution that integrates with Trimble's PC*Miler®, the industry standard for truck routing, mileage, and mapping. This collaboration between Alvys and Trimble integrates trusted PC*Miler capabilities directly into the Alvys platform and is included with every subscription. This integration is all-inclusive as part of the standard Alvys subscription, eliminating the need for separate contracts and renewals. By incorporating PC*Miler, widely recognized as the gold standard for mileage and routing in the transportation industry, Alvys ensures its users have access to the most trusted data ava
A diverse lineup of over 700 sessions includes interactive hardware and software demos, and topics such as AI, interoperability, workforce transformation and supply chain optimization WESTMINSTER, Colo., Sept. 18, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced an expansive lineup of training, networking, technology demonstrations and thought leadership opportunities for its 2024 user conference – Trimble Dimensions – happening November 11-13 in Las Vegas. The annual event brings Trimble users, technology experts and industry leaders together in new and exciting ways. Th
Carriers now use a single visibility tool for their shippers' requirementsMonitors shipment locations and expected arrival and departure times in real-time for enhanced security, customer service and business efficiencyWESTMINSTER, Colo., Sept. 16, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced the launch of Transporeon Visibility in North America. Carriers and shippers in the road, ocean and air transportation sectors can access the locations of their shipments and vehicles in real time in addition to having accurate Estimated Time of Arrival (ETA) information created with powerful AI capabilities.
Annual Event Focuses on Driving Transportation Industry Forward through Impactful Innovation LAS VEGAS, Sept. 16, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) opened its 2024 Insight Tech Conference with leaders Rob Painter, president and CEO, and Michael Kornhauser, sector vice president, transportation and logistics, discussing the rapid acceleration of the transportation industry. At the event, Trimble is unveiling an unmatched slate of innovations focused on driving better, safer, more efficient and more productive outcomes for Trimble customers. "We will continue delivering
Partnership will Accelerate Global Expansion of Virtual Vehicle Trimble to Become a Shareholder in Platform Science's Expanded Business Trimble (NASDAQ:TRMB) and Platform Science announced today they are partnering to transform the transportation industry through a definitive agreement for Platform Science to acquire Trimble's global transportation telematics business units. As part of this agreement, Trimble will become a shareholder in Platform Science's expanded business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240915701856/en/(Graphic: Business Wire) The proposed transaction aims to enhance driver experience, fleet s
The Trimble Reality Capture platform service streamlines data management, visualization and collaboration WESTMINSTER, Colo., Sept. 10, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today its new Trimble® Reality Capture platform service to enable more effective collaboration and the secure sharing of massive reality capture datasets captured with 3D laser scanning, mobile mapping and uncrewed aerial vehicle (UAV) systems. The service is available as an extension to Trimble Connect®, a cloud-based common data environment and collaboration platform that has supported more than 30 million users to date. This service is the most recent addition to the Trimble connected workflow ecosystem
Winners were selected for their innovative use of Trimble technology to improve performance, safety and efficiency WESTMINSTER, Colo., Sept. 5, 2024 /PRNewswire/ -- Trimble (NASDAQ:TRMB) is proud to announce the winners of the 2024 Ovation Awards. The Ovation Awards recognize Trimble customers within its transportation & logistics segment for their innovative solutions to improve business performance, safety and efficiency. All products highlighted in this year's awards are software solutions provided by Trimble. Trimble is honored to support its customers as they work to keep
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