Trimble(TRMB)
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Trimble: Growth At A Very Reasonable Price
Seeking Alpha· 2024-02-05 08:25
LivingImages/E+ via Getty Images Trimble (NASDAQ:TRMB) stock appears to have bottomed after a 30-month downtrend that has left it 44% below its peak in September of 2021 (see graphic below). However, the company should continue to benefit from a relatively solid macroeconomic environment. In my opinion, Trimble's Q3 report in November was much better than generally regarded and the drop in the stock price was quickly recovered. Meantime, shares are trading at a TTM P/E=39x and might appear expensive wer ...
Will Trimble (TRMB) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-02-01 18:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Trimble Navigation (TRMB) , which belongs to the Zacks Electronics - Miscellaneous Products industry.This GPS manufacturer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.80%.For the most recent quarter, Trimble was expected to post earnings of $0. ...
Trimble Fourth Quarter and Full Year 2023 Earnings Call and Webcast
Prnewswire· 2024-01-30 16:38
WESTMINSTER, Colo., Jan. 30, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) will hold a conference call on Monday, February 12, 2024 at 8 a.m. ET to review its fourth quarter and full year 2023 results. The call will be broadcast live on the web at http://investor.trimble.com. Investors without internet access may dial into the call at (888) 660-6347 (U.S.) or (929) 201-6594 (international). The conference ID is 1043223.About TrimbleDedicated to the world's tomorrow, Trimble is a technology company delivering ...
Trimble to buy back $800 million shares, expand board following Jana investment
CNBC· 2024-01-30 15:20
Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake in the company.Ron Nersesian and Kara Sprague will join Trimble's board effective February, the company said in a release. Sprague is an executive vice president at Nginx-owner F5. Nersesian is the chairman and former CEO of Keysight, an equipment and software company."We are thrilled to we ...
Trimble Announces Board Additions and Capital Allocation Update
Prnewswire· 2024-01-30 11:30
Kara Sprague and Ron Nersesian elected as new independent directors $800 million share repurchase authorized WESTMINSTER, Colo., Jan. 30, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) announced today the appointment of Kara Sprague and Ron Nersesian to its Board of Directors, effective February 5, 2024. Sprague is the Executive Vice President and Chief Product Officer at F5, Inc., and Nersesian is the Chairman of the Board of Directors of Keysight Technologies, and formerly served on Trimble's Board of D ...
Trimble Announces Connected Climate Exchange, Links Farmers to Companies Looking to Meet Sustainability Commitments
Prnewswire· 2024-01-04 11:30
Through a data-first approach, Trimble offers a carbon marketplace to bridge the gap between farmers, agronomists and businesses to track and leverage sustainable farming practicesWESTMINSTER, Colo., Jan. 4, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the Connected Climate Exchange, a carbon marketplace to connect and aggregate verified data across the agriculture supply chain to enable a more sustainable future. To meet net zero commitments, Trimble offers new opportunities for industry sta ...
Trimble Divests Water Monitoring Assets to Badger Meter, Inc.
Prnewswire· 2024-01-03 21:00
WESTMINSTER, Colo., Jan. 3, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it has completed the sale of select remote water monitoring hardware and software, inclusive of the Telog brand of RTUs (remote telemetry units), and Trimble Unity Remote Monitoring software to Badger Meter, Inc. The divestiture is in line with Trimble's strategy to focus on areas core to its long-term growth and strategic product roadmap. Financial terms were not disclosed. "We are continually evaluating our produc ...
Trimble(TRMB) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 TRIMBLE INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 94-2802192 (I.R.S. Employer Identification Number) 10368 Westmoor Drive, Westminster, CO 80021 (Address of principal executive offices) (Zip Code) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2023 or ...
Trimble(TRMB) - 2023 Q3 - Earnings Call Transcript
2023-11-01 17:24
Trimble Inc. (NASDAQ:TRMB) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Rob Painter - Chief Executive Officer David Barnes - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Rob Mason - Baird Jonathan Ho - William Blair Charles Dillard - Bernstein Kristen Owen - Oppenheimer Jason Celino - KeyBanc Capital Markets Joshua Tilton - Wolfe Research Clarke Jeffries - Piper Sandler Operator Thank you for standing ...
Trimble(TRMB) - 2023 Q3 - Earnings Call Presentation
2023-11-01 17:22
參Trimble. 1 Trimble Inc. Third Quarter 2023 Results Summary © 2023 Trimble, Inc - All Rights Reserved Third quarter 2023 highlights 2 Key Messages - Connect & Scale Strategy Financial Highlights ● Record ARR, gross margin, EBITDA margin, despite economic uncertainty ● Announced precision agriculture joint venture with AGCO ● Simplifying and focusing the business to better execute in light of macroeconomic headwinds ● $1.94B of ARR, +13% organic growth ● Record: non-GAAP gross margin of 65.0%, EBITDA margin ...