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Trimble Inc - TRMB STOCK NEWS

Welcome to our dedicated news page for Trimble (Ticker: TRMB), a resource for investors and traders seeking the latest updates and insights on Trimble.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trimble's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trimble's position in the market.

News
Trimble Announces Third Quarter 2023 Results
Rhea-AI Summary
Trimble Inc. announced its financial results for the third quarter of 2023. The company reported record annualized recurring revenue of $1.94 billion, up 25% YoY, and a third-quarter revenue of $957.3 million, up 8% YoY. Trimble achieved a GAAP gross margin of 61.7% and a non-GAAP gross margin of 65.0%. The GAAP operating income margin was 12.7%, and the non-GAAP operating income margin was 26.2%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.09%
Tags
earnings
-
News
Trimble Opens Two Technology Labs at The Ohio State University to Advance the Next Generation of Agriculture and Construction Talent
Rhea-AI Summary
Trimble and The Ohio State University open two state-of-the-art Trimble Technology Labs for the College of Food, Agricultural, and Environmental Sciences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
none
-
News
Trimble Third Quarter 2023 Earnings Call and Webcast
Rhea-AI Summary
Trimble to hold conference call to review third quarter 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
earnings
News
Trimble Announces FedRAMP Authorized Status for e-Builder Enterprise Government Edition
Rhea-AI Summary
Trimble's e-Builder Enterprise Government Edition receives Authorization to Operate from the U.S. Department of Energy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
-
News
Trimble and Mincon Offer Trimble Ready Drilling and Piling Solution for Solar Industry
Rhea-AI Summary
Trimble announces availability of Trimble Ready factory option for Mincon piling and drilling attachments, reducing installation cost and complexity for contractors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
News
Trimble Technology Lab for Architecture and Construction Opens at Virginia Tech
Rhea-AI Summary
Trimble and Virginia Tech have opened a state-of-the-art Trimble Technology Lab at the university's Blacksburg campus, providing students with cutting-edge tools and training in architecture and construction engineering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
none
News
AGCO to Acquire Trimble Ag Assets and Technologies Through a Joint Venture Focused on Next-Generation Precision Ag Technology
Rhea-AI Summary
AGCO Corporation enters into a joint venture with Trimble, acquiring an 85% interest in Trimble's Ag assets and technologies for $2.0 billion. The transaction is expected to be accretive to AGCO's revenue growth, operating margin profile, and earnings per share. AGCO's combined Precision Ag revenue is projected to exceed $2.0 billion by 2028. AGCO's Grain & Protein business will undergo strategic review. The JV creates a global leading mixed-fleet Precision Ag platform and enhances AGCO's technology stack, accelerating growth ambitions. Commercial synergies and cost savings are expected to double the JV's EBITDA by year 5 post-closing. The purchase price implies a transaction multiple of approximately 13.8x based on 2023E EBITDA of approximately $170 million. Closing is expected in the first half of 2024, subject to regulatory approval and customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
Tags
acquisition
-
News
Trimble and AGCO to Form Joint Venture to Better Serve Farmers Worldwide with Mixed Fleet Precision Agriculture Solutions
Rhea-AI Summary
Joint venture between Trimble and AGCO to create a global leader in mixed fleet smart farming and autonomy solutions, with Trimble expecting approximately $3 billion in value from the transaction. Trimble will receive $2 billion in pre-tax cash proceeds plus a 15% stake in the JV. The JV will offer seamless integration and connectivity across geographies, equipment brands, and the crop life cycle. Transaction simplifies Trimble's focus and increases its software, services, and recurring revenue. Trimble's precision agriculture business is expected to generate fiscal 2023 revenues of approximately $535 million and Adjusted EBITDA of approximately $185 million. Transaction expected to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
Tags
none
-
News
Trimble and Meta Bring SketchUp to Meta Quest VR Headsets
Rhea-AI Summary
Trimble launches SketchUp Viewer for Meta Quest, allowing professionals to view and present 3D SketchUp models in virtual reality. The VR experience improves communication and collaboration, enables clients to walkthrough and experience designs, and helps spot errors. The application is free for all users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
News
Trimble and Kyivstar Partner to Provide GNSS Correction Services for Agriculture, Construction and Geospatial Applications in Ukraine
Rhea-AI Summary
Trimble (NASDAQ: TRMB) partners with Kyivstar to install a new CORS network in Ukraine, using Trimble's hardware and software positioning technology to provide high-accuracy real-time or post-processed GNSS corrections data for various industries. The network will be installed on Kyivstar's communication towers, with the first phase of installation to be completed by the end of 2023 and the second phase by 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
partnership
Stock TRMB logo
Trimble Inc

Nasdaq:TRMB

TRMB Rankings

#634 Ranked by Market Cap
#3529 Ranked by Stock Gains
N/A Ranked by Dividends

TRMB Stock Data

14.87B
244.13M
0.56%
97.49%
1.18%
Other Measuring and Controlling Device Manufacturing
Manufacturing
Link
US
Sunnyvale

About TRMB

trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. from purpose built products to enterprise lifecycle solutions, trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics. trimble products are used in over 141 countries around the world. employees in more than 30 countries, coupled with a highly capable network of dealers and distribution partners serve and support customers worldwide. as the market leader in most of our businesses, we offer a compelling value proposition to our customers based on productivity, return on investment and environmental stewardship. come position yourself with an innovative industry leader and position yourself for success