Trimble Inc Stock Price, News & Analysis

Trimble (NASDAQ: TRMB) announced enhancements to its TMT Service Center and TMT Fleet Maintenance solutions during its 2020 virtual in.sight user conference. Key updates include credit card processing for service centers, advanced reporting dashboards for fleet maintenance, and integration with KeepTruckin's mobile communications tool. These features aim to improve asset uptime, streamline payments, and provide actionable insights into vehicle data, ultimately enhancing profitability and customer service. For more information on these updates, visit Trimble's website.

Trimble (NASDAQ: TRMB) and Totalmobile have secured a contract with the EKFB joint venture for logistics support on the HS2 rail project in the UK. This innovative cloud-based vehicle management system allows EKFB to monitor subcontractors' vehicles and inventory in real-time, preventing delays and ensuring compliance. The software integrates Totalmobile's Mobilise application with Trimble MAPS for efficient route planning. EKFB's operations span an 80-kilometer section, including major construction activities. This collaboration enhances performance and operational oversight for one of the UK's largest infrastructure projects.

Viewpoint, a Trimble Company (NASDAQ: TRMB), announces registration for its virtual Collaborate conference, set for September 22-23, 2020. The free event aims to unite construction professionals to share best practices and address industry challenges through 32 sessions featuring over 50 speakers. Attendees can earn up to 7.5 CPE credits and engage in networking opportunities. The conference highlights technology adoption and data-driven cultures in construction, presenting a unique opportunity for learning and growth in managing projects, processes, and people.

Trimble Inc. (NASDAQ: TRMB) reported a 14% decline in GAAP revenue for Q2 2020, totaling $733.6 million, compared to Q2 2019. Non-GAAP revenue similarly dropped 14% to $735.2 million. Annualized recurring revenue increased 6% to $1.21 billion. Operating income decreased by 11% to $97.6 million, with a GAAP net income of $63 million, down 33%. Transportation revenue fell 24%, the steepest decline among segments. Despite these challenges, deferred revenue rose 17% to $531 million.

Trimble (NASDAQ: TRMB) has announced a conference call scheduled for August 5, 2020, at 2 p.m. PT to discuss its second quarter 2020 results. The call will be accessible via a live webcast, and investors can join by dialing 800-528-9198 for U.S. callers or 702-928-6633 internationally, using the passcode 7791485. Trimble focuses on delivering innovative products and services that bridge the physical and digital worlds across various industries, enhancing productivity, safety, and sustainability.

Trimble (NASDAQ: TRMB) and Cityworks announced a new real-time asset management solution for water and wastewater utilities. This solution integrates Cityworks' asset management software with Trimble's Telog IoT recorders and Trimble Unity Remote Monitoring Software as a Service (SaaS). This system enhances infrastructure maintenance and construction investments by utilizing real-time asset data. The solution is expected to be available in July 2020 and showcases advanced analytics and tools to improve operational efficiency for utilities.

Trimble (NASDAQ: TRMB) has announced that registration is now open for its 2020 in.sight user conference + expo, scheduled to take place virtually from August 24-26, 2020. The conference will prioritize health and safety amid the COVID-19 pandemic, aiming to enhance collaboration within the transportation industry. The theme 'We Are One' emphasizes inclusivity, allowing participation from various transportation suppliers and technology vendors. Attendees will benefit from educational sessions and networking opportunities designed to improve supply chain performance.

Trimble (NASDAQ: TRMB) has been chosen by SNCF Réseau, the French Railway Administration, to provide an integrated solution comprising Trimble Quadri and Trimble Connect for its Enterprise Common Data Environment (CDE). This collaboration aims to streamline workflows among planners, designers, and construction teams over an 18-month initial implementation phase, enhancing data sharing, productivity, and project quality. The solution supports efficient project lifecycle management and addresses unique railway construction requirements, promoting better asset management and investment planning.

Trimble (NASDAQ: TRMB) launched a new Hardware-as-a-Service option for its Transportation fleet mobility solutions on June 22, 2020. This service includes four bundles that allow fleets to acquire Trimble hardware and software without upfront costs. Each bundle provides predictable technology expenses and access to innovations like 4G LTE connectivity. The offerings include core telematics and optional solutions tailored to meet diverse customer needs, simplifying the purchase process and enhancing operational efficiency for carriers.