Partnership will Accelerate Global Expansion of Virtual Vehicle Trimble to Become a Shareholder in Platform Science's Expanded Business WESTMINSTER, Colo. and SAN DIEGO, Sept. 15, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and Platform Science announced today they are partnering to transform the transportation industry through a definitive agreement for Platform Science to acquire Trimble's global transportation telematics business units. As part of this agreement, Trimble will become a shareholder in Plat ...

The Trimble Reality Capture platform service streamlines data management, visualization and collaboration WESTMINSTER, Colo., Sept. 10, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today its new Trimble® Reality Capture platform service to enable more effective collaboration and the secure sharing of massive reality capture datasets captured with 3D laser scanning, mobile mapping and uncrewed aerial vehicle (UAV) systems. The service is available as an extension to Trimble Connect®, a cloud-based c ...

Winners were selected for their innovative use of Trimble technology to improve performance, safety and efficiency WESTMINSTER, Colo., Sept. 5, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) is proud to announce the winners of the 2024 Ovation Awards. The Ovation Awards recognize Trimble customers within its transportation & logistics segment for their innovative solutions to improve business performance, safety and efficiency. All products highlighted in this year's awards are software solutions provided by T ...

This stock is falling under the radar of many investors, creating a great buying opportunity for those willing to look into the details. Positioning and workflow technology company Trimble (TRMB 1.68%) has a bright future, but it's not the best-known or appreciated company. There are various reasons for this, but enterprising investors willing to dig deeper into the stock could generate exceptional returns. Here's what you need to know before buying in. Trimble isn't a consumer-facing business You may have ...

Hiroshi Watanabe/DigitalVision via Getty Images This is my first time covering Trimble (NASDAQ:TRMB), which is a technology company that specializes in providing solutions that connect the physical and digital worlds. Its most prominent industry exposures are in agriculture, construction, geospatial, and transportation, where it integrates hardware, software, and services for increased productivity, efficiency, and safety. In my opinion, TRMB stock is currently moderately undervalued, providing alpha potent ...

Core Insights - Trimble (TRMB) reported non-GAAP earnings of 62 cents per share for Q2 2024, exceeding the Zacks Consensus Estimate by 8.77% but down 3.1% year-over-year [1] - Revenues reached $870.8 million, beating the Zacks Consensus Estimate by 1.16% but declining 12.4% year-over-year, with a 1% increase on an organic basis [1] Revenue Breakdown - Product revenues, contributing 36.8% to total revenues, totaled $320.4 million, down 34.7% year-over-year [2] - Subscription and services revenues, making up 63.2% of total revenues, increased 9.4% year-over-year to $550.4 million [2] - Annualized recurring revenues (ARR) reached $2.11 billion, up 12% year-over-year (14% organic growth) [2] Segment Performance - AECO revenues (34.4% of total revenues) were $299.7 million, up 13.5% year-over-year, with 18% ARR growth driven by product integration and innovative solutions [3] - Field Systems revenues (43.6% of total revenues) were $379.3 million, down 29.8% year-over-year, but the segment achieved 17% ARR growth [4] - T&L revenues (22% of total revenues) were $191.8 million, increasing 1.5% year-over-year, with double-digit ARR growth from Transporeon and maps business [5] Financial Metrics - Non-GAAP gross margin for Q2 2024 was 66.5%, expanding 220 basis points year-over-year [5] - Non-GAAP operating margin was 22.3%, contracting 90 basis points year-over-year [6] Balance Sheet - Cash and cash equivalents at the end of Q2 2024 were $944.1 million, up from $255.1 million at the end of Q1 2024 [7] - Total debt decreased to $1.79 billion at the end of Q2 from $3.03 billion at the end of Q1 [7] Guidance - For Q3 2024, Trimble expects revenues between $840 million and $880 million, with non-GAAP earnings projected between 58 cents and 64 cents per share [8] - For the full year 2024, revenues are expected to be between $3.59 billion and $3.67 billion, with non-GAAP earnings projected between $2.67 and $2.81 per share [8] Stock Performance - Trimble's shares have underperformed the Zacks Computer & Technology sector year-to-date, declining 3.1% compared to the sector's increase of 10.3% [9]

Core Insights - The report "The Road Ahead: Key Trends and Capabilities Shaping the North American Freight Transportation Market" identifies significant trends and challenges in the North American truckload transportation sector, including nearshoring, electrification, and freight fraud [1][4]. Market Trends - The North American truckload transportation market is currently facing low demand and high capacity, leading to challenges for carriers [4]. - Nearshoring is becoming increasingly important, with 88% of small to medium-sized supply chain businesses planning to partially migrate to suppliers closer to the U.S., and 45% planning to switch all suppliers [4]. - Freight fraud is a growing concern, with a reported 59% increase in cargo theft in Q3 2023 compared to Q3 2022, and 48% of respondents experiencing cargo theft or freight fraud in the past year [4]. Sustainability and Electrification - New emissions standards for heavy-duty trucks are accelerating the transition to more environmentally friendly vehicles, although challenges such as mileage range and charging infrastructure remain [4]. - The report emphasizes the need for forensic carbon accounting and measurement as a potential legal requirement for shippers and carriers [4]. Regulatory Implications - California's AB5 bill, which reclassifies many independent contractor drivers as employees, is expected to increase costs for trucking companies due to additional benefits and payroll taxes [4]. - The potential for similar legislation in other states could further complicate the operational landscape for carriers and logistics service providers [4]. Solutions and Recommendations - The report suggests enhanced collaboration through transportation management platforms, real-time freight visibility to combat freight fraud, and the use of digital tools to streamline processes [5]. - Companies are encouraged to proactively adopt collaborative digital tools to meet the evolving demands of shippers and carriers [6].

Trimble Navigation (TRMB) reported $870.8 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 12.4%. EPS of $0.62 for the same period compares to $0.64 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $860.83 million, representing a surprise of +1.16%. The company delivered an EPS surprise of +8.77%, with the consensus EPS estimate being $0.57. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Trimble Navigation (TRMB) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.77%. A quarter ago, it was expected that this GPS manufacturer would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%. Over the last four quarters, ...

Core Insights - Trimble Inc. reported record annualized recurring revenue (ARR) of $2.11 billion, reflecting a 12% year-over-year increase and a 14% increase on an organic basis, indicating successful execution of its Connect & Scale strategy [2][3] - The company achieved a record gross margin of 62.7% in the second quarter of 2024, demonstrating ongoing business transformation and a favorable mix shift [2][3] - Trimble raised its full-year guidance for revenue and earnings per share, expecting revenue between $3.59 billion and $3.67 billion and GAAP earnings per share of $6.41 to $6.54 [4][5] Financial Performance - Total revenue for the second quarter of 2024 was $870.8 million, down 12% year-over-year but up 1% on an organic basis [2] - GAAP operating income was $61.6 million, representing 7.1% of revenue, while non-GAAP operating income was $194.4 million, or 22.3% of revenue [2] - GAAP net income reached $1,316.4 million, with diluted earnings per share (EPS) of $5.34 on a GAAP basis and $0.62 on a non-GAAP basis [2][20] Segment Performance - In the second quarter of 2024, segment revenues were as follows: AECO $299.7 million, Field Systems $379.3 million, and T&L $191.8 million [13] - Segment operating income percentages were 26.4% for AECO, 28.9% for Field Systems, and 18.7% for T&L, indicating varying levels of profitability across segments [13] Guidance and Future Outlook - For the third quarter of 2024, Trimble expects revenue between $840 million and $880 million, with GAAP EPS projected between $0.28 and $0.34 [5] - The full-year 2024 guidance reflects the impact of the joint venture with AGCO, which closed at the beginning of the second quarter [6] Cash Flow and Balance Sheet - Cash and cash equivalents at the end of the second quarter of 2024 were $944.1 million, significantly up from $229.8 million at the end of 2023 [10] - Total assets increased to $9,597.8 million, while total liabilities decreased to $3,964.4 million, indicating improved financial health [10][12]