Trimble Inc Stock Price, News & Analysis

Trimble (NASDAQ: TRMB) announced that Norske tog AS has implemented the Trimble E2M engineering asset and maintenance management system for its leased rail vehicles in Norway. This system provides real-time visibility into maintenance programs and vehicle histories, ensuring compliance with regulatory requirements. Following successful collaboration, the E2M system is expected to enhance the reliability and safety of rail vehicles by optimizing maintenance processes. This partnership highlights Trimble's expertise in rail solutions, aimed at reducing operating costs and asset depreciation.

Trimble (NASDAQ: TRMB) has partnered with Team Rubicon, a nonprofit that mobilizes veterans for disaster relief, to support communities in crisis. Trimble Foundation granted funds to Team Rubicon's Ready Reserve Fund, which trains and deploys volunteers for low-attention disasters. In 2020, Team Rubicon launched 370 operations, largely responding to COVID-19. The partnership aims to bolster disaster readiness, helping underserved communities affected by lesser-known disasters. Trimble's commitment to disaster recovery aligns with its philanthropic focus.

Trimble (NASDAQ: TRMB) announced a collaboration with Deloitte as part of its Real Estate Global Alliance Program. This partnership integrates Trimble's ManhattanONE software with Deloitte's implementation expertise. The ManhattanONE suite is an Integrated Workplace Management System (IWMS) designed to streamline real estate functions, enhance decision-making, and improve employee experience. Deloitte will leverage this technology to assist clients globally in managing real estate portfolios effectively, particularly in return-to-office planning, utilizing data-driven insights.

Trimble (NASDAQ: TRMB) has launched PreDesign, a new service for SketchUp's professional users. This tool allows architects and designers to analyze how climate and environmental factors will influence their design strategies from the outset. By providing essential climate data and insights, PreDesign aims to streamline early design research, reducing the risk of costly rework later in projects. The service includes features such as shading guidance, glazing adjustments, and recommendations for outdoor spaces to foster better design outcomes. PreDesign is currently available to SketchUp Pro, Studio, and Enterprise subscribers.

Trimble (NASDAQ: TRMB) donated to the Illinois Institute of Technology to establish a Technology Lab aimed at enhancing the Construction Engineering and Management Program. This initiative will bolster the university's capabilities in civil and environmental infrastructure and provide students with hands-on experience using Trimble's advanced solutions like the XR10 HoloLens, 3D laser scanners, and various software applications. The collaboration aims to integrate leading technology into education, preparing graduates for impactful careers in engineering and construction.

Trimble has donated to the University of São Paulo to establish a Trimble Technology Lab focused on civil engineering, surveying, and construction. This lab aims to enhance training and research in 3D building design and Building Information Modeling (BIM), providing students hands-on experience with advanced Trimble solutions. The collaboration underscores Trimble's commitment to supporting educational initiatives that prepare future leaders in the construction industry while integrating technology into the curriculum.

Trimble (NASDAQ: TRMB) has made a significant donation to the University of Colorado, Denver, establishing a Technology Lab for the College of Engineering, Design and Computing. This initiative aims to enhance educational opportunities across various programs, including Construction Engineering and Management, Geography, and Physics. The lab will provide students access to advanced technologies and equip them with essential skills in project management, design, and GIS. Trimble's partnership supports the integration of industry-leading technology into university curricula.

Trimble Inc. (NASDAQ: TRMB) reported its third-quarter financial results for 2020, showcasing a GAAP revenue of $792.1 million, reflecting a 1% increase year over year. Non-GAAP revenue also rose by 1%, totaling $792.8 million. The company achieved an annualized recurring revenue (ARR) of $1.26 billion, marking a 10% growth. GAAP operating income stood at $102.0 million, while non-GAAP operating income reached $191.8 million. The net income was $84.7 million on a GAAP basis and $152.8 million non-GAAP. Trimble’s adjusted EBITDA equaled $212.5 million, or 26.8% of revenue.