Trimble Inc Stock Price, News & Analysis

Trimble (Nasdaq: TRMB) has announced SMS Equipment as its first Trimble Technology Outlet worldwide. This strategic partnership enables SMS Equipment to directly sell Trimble's grade control, site positioning systems, and correction services technology to customers using Komatsu, BOMAG, and Takeuchi equipment.

With over 40 locations across Canada and Alaska, SMS Equipment, one of the largest Komatsu dealers globally, will provide these solutions for dozers, excavators, compactors, and compact machines. The partnership is part of Trimble's evolving civil construction distribution strategy, aiming to expand access to their technology through authorized resellers.

Trimble's grade control systems combine sensors, software, and automation features to enhance operator productivity, improve accuracy, reduce equipment wear-and-tear, and lower fuel consumption. The solutions are currently available through SMS Equipment locations throughout Western Canada.

Trimble (TRMB) has announced a strategic collaboration with STMicroelectronics to deliver precise positioning solutions for automotive and IoT applications. The partnership combines Trimble's ProPoint® Go positioning engine with STMicroelectronics' new Teseo VI GNSS chipsets, offering centimeter-level accuracy for various applications including automotive navigation, ADAS, and robotics.

The integrated solution features quad-band GNSS support (L1, L2, L5, and E6) and Trimble's ASIL-C certified correction data, enhancing signal availability and accuracy in challenging environments like urban canyons. Key advantages include worldwide support with Trimble RTX®Fusion with IMU sensors, integrity protection, and mass-market scalability.

The joint solution will be showcased at the Mobile World Congress in Barcelona (March 3-6, 2025) and the Embedded World Conference in Nuremberg (March 11-13, 2025).

Trimble (TRMB) has announced significant updates to its SketchUp 3D modeling software, introducing advanced visualization and interoperability features. The 2025 release includes photorealistic materials and environment lighting options that update in real-time, eliminating the need for separate rendering processes.

Key improvements include:

• 360-degree HDRI/EXR image files for environment lighting
• Dynamic photoreal materials that accurately reflect real-world properties
• Enhanced ambient occlusion for increased depth and realism
• Advanced interoperability with Revit and IFC files
• Improved support for USD and glTF file formats

The update also features improvements to LayOut for document creation and enhanced 3D Warehouse functionality, offering curated photoreal materials and configurable 3D assets. The visualization updates are accessible across all SketchUp platforms, including Web, iPad, and Desktop versions.

Trimble (NASDAQ: TRMB) reported Q4 2024 revenue of $983.4 million, up 5% year-over-year and 17% organically. The company achieved record annualized recurring revenue (ARR) of $2.26 billion, up 14% year-over-year. Q4 GAAP EPS was $0.36, while non-GAAP EPS reached $0.89.

For full-year 2024, revenue was $3,683.3 million, down 3% year-over-year but up 5% organically. GAAP EPS was $6.09, and non-GAAP EPS was $2.85. The company repurchased 2.9 million shares for $175 million during 2024.

Looking ahead, Trimble projects 2025 revenue between $3,370-3,470 million, with non-GAAP EPS of $2.76-2.98. The Board authorized a new $1 billion share repurchase program. The company recently completed its Mobility divestiture, demonstrating continued business transformation.

Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining other strategic investors including C.R. England, Cummins, Daimler Truck, and PACCAR.

The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform enables fleets to access various telematics and management software through OEM vehicle architecture or aftermarket hardware, providing a uniform experience regardless of vehicle type.

The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.

Platform Science has completed its acquisition of Trimble's (NASDAQ: TRMB) global transportation telematics business units, a deal first announced in September 2024. As part of the transaction, Trimble becomes a shareholder in Platform Science and receives a board seat, joining strategic investors including C.R. England, Cummins, Daimler Truck, PACCAR, Prologis, RyderVentures, and Schneider.

The collaboration focuses on expanding Virtual Vehicle, Platform Science's open, connected vehicle application platform. This platform will enable customers globally to access various telematics and fleet management solutions from Platform Science, Trimble, and partners without changing hardware. The platform works through OEM vehicle architecture or aftermarket hardware for non-compatible vehicles.

The transaction aligns with Trimble's Connect and Scale strategy, allowing the company to focus on priority growth areas including Enterprise, Maps, Vusion, and Transporeon business units, which remain part of Trimble's Transportation & Logistics segment.

Trimble (NASDAQ: TRMB) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Wednesday, February 19, 2025, at 8 a.m. ET. The event will be accessible to investors through a live webcast at the company's investor relations website. Interested participants who wish to join via phone must first complete a registration process, after which they will receive dial-in details via email.

Trimble (TRMB) has announced the completion of Ernst & Young's audit procedures for its 2023 financial statements, confirming no changes to previously reported financial results. The company has filed its amended 2023 Form 10-K and Forms 10-Q for the first three quarters of 2024.

The amended Form 10-K identified material weaknesses in controls related to IT general controls, data transfer between systems, and evaluation of standalone selling prices. Trimble reports that remediation efforts for these control deficiencies are well underway.

The company expects to regain compliance with Nasdaq Listing Rule 5250(c)(1) after these filings and upon receiving confirmation from Nasdaq. This rule requires timely filing of all periodic reports with the SEC for companies listed on The Nasdaq Stock Market

Trimble (TRMB) has expanded its collaboration with Qualcomm Technologies to develop precise positioning solutions for automated vehicles. The company's ProPoint Go positioning engine will integrate with Qualcomm's Snapdragon Auto 5G Modem-RF Gen 2 platform, providing positioning accuracy within 10 centimeters.

The integrated solution is expected to support Level 2+ and potentially higher levels of automated driving applications, with vehicles featuring this technology anticipated to hit roads by 2028. The system combines GNSS signals with Trimble correction services and sensor data to deliver precise position and orientation information. The technology is designed to enhance advanced driver assistance systems (ADAS) and cellular vehicle-to-everything (C-V2X) capabilities for automakers and Tier-1 suppliers.

ProPoint Go provides ASIL-C certified correction data, while Snapdragon's platform features integrated C-V2X communications, non-terrestrial networks, and high-precision multi-frequency GNSS functionality.