Wedbush Reiterates Outperform as Trimble's (TRMB) 4Q Results Show Confidence in Growth Trajectory

Trimble Advances its Precision Irrigation Solution with Uniform Application for Corner Arms

SUNNYVALE, Calif., Feb. 10, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) introduced today the Irrigate-IQ uniform corner, a unique solution that allows farmers to apply a consistent amount of water on the area covered by a center-pivot corner arm. The solution prevents over- or under-watering through a uniform application, which can reduce crop stress, promote better nutrient absorption due to reduced run off and leaching, and ultimately improve crop quality and yield. In addition, it enables farmers to optimize water use. This can be beneficial for farmers located in areas with limited water resources or with... More

Trimble Reports Fourth Quarter and Full Year 2015 Results

SUNNYVALE, Calif., Feb. 9, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) today announced fourth quarter and fiscal year end 2015 results.

Fourth Quarter 2015 Financial Summary

Fourth quarter 2015 revenue of $559.7 million was down 1 percent as compared to the fourth quarter of 2014. Engineering and Construction revenue was $319.1 million, down 3 percent. Field Solutions revenue was $79.4 million, down 2 percent. Mobile Solutions revenue was $132.2 million, up 7 percent. Advanced Devices revenue was $29.0 million, down 5 percent. Foreign currency translation unfavorably impacted company revenue by approximately 3 percent as compared to the fourth quarter of 2014.

GAAP operating income was $32.9 million,... More

Trimble Acquires Sefaira Ltd.--Leading Provider of Software for High-Performance Building Design

SUNNYVALE, Calif., Feb. 8, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the acquisition of London/New York based Sefaira Ltd., a leading developer of cloud-based software for the design of sustainable and high-performance buildings. The acquisition of Sefaira expands Trimble's Design-Build-Operate (DBO) portfolio to include tools for designing high-performing buildings early in the conceptual phase of a project. Financial terms of the transaction were not disclosed.

Today, buildings consume about 40 percent of global energy, according to the United Nations Environment Programme's... More

Trimble Establishes Global Vantage Distribution Network to Serve Precision Agriculture Industry

SUNNYVALE, Calif., Feb. 8, 2016 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it is extending its distribution channel by establishing a new global network of independent distribution partners to serve the needs of the rapidly evolving precision agriculture industry. The new Vantage distribution network will provide growers, advisors, retailers, co-ops and local OEM dealers with precision agriculture expertise for the entire farm. Vantage partners will provide the complete Trimble precision agriculture portfolio and advise growers and their advisors on the right combination of... More