Trimble Inc Stock Price, News & Analysis

Trimble (NASDAQ: TRMB) announces a conference call on November 4, 2020, at 2 p.m. PT, to discuss its third quarter 2020 results. The call will be available via live web broadcast, and investors can join by dialing 800-528-9198 (U.S.) or 702-928-6633 (international) using the passcode 9772188. Trimble focuses on connecting the physical and digital worlds, delivering innovations in positioning, modeling, connectivity, and data analytics across various sectors, including agriculture, construction, and transportation.

Trimble and Boston Dynamics announced a strategic alliance to integrate construction data collection technologies with Boston Dynamics' Spot robot platform. The collaboration aims to automate tasks like site scans and surveying, leveraging Spot's mobility and Trimble's data collection tools. Trimble gains exclusivity in selling the integrated solutions to the construction sector. This alliance targets enhanced efficiency and safety in construction through improved real-time project monitoring. The solution is expected to be available by Q2 2021, with early access for select customers.

Trimble (NASDAQ:TRMB) launched the Telog Raven-Eye 2 flowmeter, a digital solution aimed at optimizing wastewater management. This flowmeter enhances monitoring capabilities to tackle issues like flooding and sewer overflows. Utilizing radar technology, it allows for contactless measurements and is easily installable in high-velocity areas, minimizing maintenance needs. Paired with the Telog Ru-35 recorder and Trimble Unity Remote Monitoring, it offers near real-time data insights, supporting utilities in regulatory compliance and strategic asset management. The product is expected in Q4 2020.

On October 5, 2020, Trimble (NASDAQ: TRMB) announced a definitive agreement for Command Alkon, a Thoma Bravo portfolio company, to acquire its construction logistics business. The transaction, anticipated to close in Q4 2020, combines Trimble's telematics solutions with Command Alkon's fleet and workforce management capabilities. This move aligns with Trimble's strategy to refocus on core construction competencies. Although the sale may enhance Command Alkon's service offerings, Trimble noted that it will not significantly impact its overall financial results.

Trimble (NASDAQ: TRMB) announced the winners of the Tekla Global BIM Awards 2020, recognizing outstanding structural construction projects that utilize Tekla solutions. The Randselva Bridge in Norway received the award for Best BIM Project as the longest bridge designed using a drawing-free, model-based process. The competition featured over 135 projects from 36 countries, evaluated by industry experts. Other notable winners include One Nine Elms in the UK for Best Commercial Project and the Blominmäki Wastewater Treatment Plant in Finland for Best Industrial Project.

Trimble (NASDAQ: TRMB) has appointed James C. Dalton to its Board of Directors, effective October 1, 2020. Dalton, previously director of Civil Works for the U.S. Army Corps of Engineers, brings extensive experience overseeing $6 billion in annual expenditures and managing large organizations. His background in sustainability and large-scale construction is expected to provide invaluable insights to Trimble's business operations. Dalton has held various senior roles in the USACE and is recognized for his leadership during critical federal projects including Hurricane Katrina.

Trimble (NASDAQ:TRMB) launched Trimble® WorksOS, a new SaaS solution that integrates office design data with real-time machine control data for construction projects. WorksOS allows project managers to monitor live metrics such as compaction and volume during earthworks, improving project efficiency and cost management. The software facilitates better coordination by providing a single application for accessing daily production data, labor hours, and equipment maintenance schedules. WorksOS is currently available through Trimble's SITECH distribution channel.