Trimble Inc Stock Price, News & Analysis

Trimble (TRMB) has released its annual Transportation Pulse Report through Transporeon, surveying over 100 European and North American supply chain executives. The report highlights key industry trends for 2025, with economic conditions (56%), geopolitical events (50%), and environmental regulations (36%) identified as major factors shaping the sector.

While carriers and 3PLs show strong optimism (75%) due to increased freight demand and rates, only 38% of shippers feel confident about 2025. Key priorities include cost reduction (61%), market expansion, and supply chain digitization (51%). Despite interest in technology, 54% of respondents expect to automate only 25% or less of their transportation processes by 2025, with just 10% planning to automate more than 75%.

Trimble (TRMB) has announced the winners of the SketchUp 0-60 Challenge, an initiative aimed at fostering innovation in the architecture, engineering and construction (AEC) industry. From over 100 applicants, nine finalists were selected to develop technology solutions using SketchUp.

The winners include: ScaffPlan (First Place) for their temporary works documentation extension; Skema (Second Place) for their SketchUp-to-Revit integration solution; and Spacely AI (Third Place) for their interior rendering automation plug-in. Loci received the AWS 'Scaled Thought' Award for their Scene Intelligence plugin that uses AI for component classification.

All winning features are now available on the SketchUp Extension Warehouse.

Trimble (Nasdaq: TRMB) announced that Performance Food Group (PFG) has selected Trimble as its premier fleet management provider, doubling the number of Trimble-serviced trucks from 4,000 to over 8,000. PFG will implement Trimble Instinct across its entire fleet, covering all three business segments: Performance Foodservice, Core-Mark, and Vistar. The decision comes after PFG faced challenges with multiple disparate fleet management systems. The comprehensive solution will provide Electronic Logging Device (ELD) data and integrate with PFG's existing tools, streamlining operations for the Fortune 100 company that delivers over 300,000 food products across the U.S., Canada, and Puerto Rico.

Trimble Inc. (NASDAQ: TRMB) has received a staff delisting determination from Nasdaq due to non-compliance with timely filing requirements of periodic financial reports. The company failed to file Quarterly Reports on Form 10-Q for periods ending March, June, and September 2024 by the November 11 deadline. The delisting notice has no immediate effect on trading. Trimble plans to appeal before a Nasdaq Hearing Panel and seeks additional time to complete financial assessments with Ernst & Young LLP. Notably, management has not identified any errors requiring financial restatements, and EY has not withdrawn its previous audit report.

Trimble has announced the winners of its 2024 Construction Innovation Awards, recognizing seven North American contractors for their exceptional use of Trimble technology. The awards span six categories: Connected Construction, Process Transformation, Data-Driven Decision Making, Most Challenging Project, Workforce Achievement, and Changemaker (with two winners).

Winners include Bituminous Roadways for seamless data integration across departments, Myco Mechanical for workflow optimization, Hensel Phelps for data transparency, DPR Construction for completing a 74-story building project, Canam Group for workforce enhancement, and both Elder and Lafarge for innovative technology implementation.

Trimble (TRMB) unveiled new artificial intelligence innovations at its Dimensions user conference, showcasing AI integration across its construction technology portfolio. The company introduced several AI-powered tools: SketchUp Diffusion [Labs] for generating rendered images from text prompts, ProjectSight with AI-driven project management automation, LiveCount for automatic symbol detection and counting in construction drawings, and AI enhancements to Trimble Business Center for point cloud processing and feature extraction. These innovations aim to automate workflows, improve decision-making, and enhance productivity in both field and office construction operations.

Trimble (TRMB) announces a free version of ProjectSight, its construction project management software, featuring new AI capabilities developed with Microsoft. The software provides a centralized platform for managing and sharing project information, including documents, drawings, and workflows.

The free version includes essential features for managing drawings, photos, specifications, submittals, punchlists, and RFIs. The AI-driven drawing import feature, powered by Microsoft Azure OpenAI Service, automates information extraction and streamlines document processing. Paid versions offer additional features like unlimited projects, advanced cost management, and integration with other Trimble solutions.

Trimble announced that its SketchUp 3D modeling software has reached one million active subscribers. This growth is attributed to the transition to a subscription model, continuous product innovation, and customer-focused value delivery in the AEC industry. The software's link-sharing feature has enabled over 650,000 users to share 1.7 million links, accessed by 3.8 million users. Notable developments include the launch of SketchUp for iPad and AI features like SketchUp Diffusion, which has generated over 13 million images since December 2023 with 200,000+ users.

Trimble has announced enhancements to Trimble App Xchange and the launch of Trimble Marketplace to improve connectivity in construction workflows. App Xchange allows software developers to create integrations between Trimble products and other software, now available on Trimble Marketplace, which features over 100 integrations. Contractors can use App Xchange to build custom integrations for project, workforce, and financial management. Notable integrations include TOOLTRIBE's connection between Trimble Viewpoint Vista and their app, and new additions like Document Crunch and ProjectMark. These solutions aim to streamline data sharing and workflow automation, enhancing operational efficiency and productivity.