Trimble Inc Stock Price, News & Analysis

Kuebix has partnered with Estes Forwarding Worldwide (EFW) to provide real-time truckload spot rates to over 25,000 shippers using Kuebix's platform. This integration allows users to receive instant EFW rates for truckload shipments by simply entering their request on the Kuebix system. The service enhances Kuebix's existing capabilities and aims to streamline the truckload sourcing process, saving time and costs for businesses. Additionally, Kuebix is offering a 60-day free trial of its Business Pro TMS to help improve supply chain management.

Trimble (NASDAQ: TRMB) and Exelon's Aquify have partnered to enhance water utility services using Trimble's IoT and remote monitoring technologies. This collaboration aims to tackle issues such as aging infrastructure, which results in an estimated 14% water loss in the U.S., costing utilities $6.06 billion annually. Aquify will offer tailored digital solutions, including monitoring and analytics, as a subscription service, easing implementation for water utilities constrained by budget and staffing challenges.

On February 12, 2021, Trimble (NASDAQ: TRMB) announced its membership in the Responsible Business Alliance (RBA), a leading coalition focused on corporate social responsibility in supply chains. Trimble aims to uphold the RBA's Code of Conduct and improve working conditions and environmental practices among its suppliers. Leah Lambertson, the head of Sustainability at Trimble, emphasized the company's commitment to ethics and human rights as central to its operations. This membership underlines Trimble's dedication to sustainability and responsible business practices.

Trimble Inc. (NASDAQ: TRMB) reported its fourth quarter and fiscal year 2020 financial results, highlighting a 1% increase in GAAP revenue at $829.7 million. Non-GAAP revenue was flat at $830.0 million. The company achieved an annualized recurring revenue of $1.3 billion, a 9% year-over-year growth. While fiscal 2020 revenue decreased by 4% to $3,147.7 million, operating cash flow rose 15% to $672.0 million. Trimble repurchased 1.9 million shares for $81.6 million and has $90.7 million remaining under its repurchase authorization.

Trimble (NASDAQ: TRMB) has formed a strategic technology and marketing alliance with ROBORACE, the first autonomous racing series, to enhance the development of self-driving technology. As the Official GNSS-Inertial Positioning Technology Partner, Trimble's Applanix POS LVX™ systems will be utilized in ROBORACE's next-gen race cars starting September 2021. This collaboration aims to leverage Trimble's advanced positioning solutions, which are critical for autonomous vehicles. ROBORACE aims to push technological limits and educate the world about autonomous driving.

Trimble (NASDAQ:TRMB) launched the Trimble® Roadworks 3D Paving Control Platform for asphalt pavers, enhancing paving productivity and efficiency. This platform utilizes an automatic 3D screed control system that minimizes asphalt waste and finishes projects on time and under budget. It features an intuitive Android-based interface on a 10-inch display, facilitating easy use for all skill levels. The Roadworks platform also offers office-to-field connectivity through the Trimble SNM941 Connected Site Gateway, ensuring real-time data synchronization for optimal project management.