Trimble is a technology solutions provider connecting office and mobile professionals' workflows and asset lifecycles. They focus on industries that feed, build, and move the world, offering solutions in construction, geospatial, agriculture, natural resources, utilities, transportation, and government. Trimble's solutions aim to improve work quality, safety, efficiency, and sustainability, reducing environmental impact through reduced greenhouse gas emissions and improved water stewardship. The company's strategy centers on open industry clouds and common data environments, integrating sensors, software, hardware, and data to provide detailed insights for customers.

• Employees: 12,700+ (as of December 2023)
• Geographic Footprint: 40+ countries
• Headquarters: Westminster, CO
• Founded: 1978
• Number of locations/facilities: 200+
• Revenue: $3.8 billion (FY2023)
• Trading Symbol: TRMB (NASDAQ)
• Key Subsidiaries/Brands: Transporeon, Trimble Ag, SITECH, BuildingPoint

• CEO: Robert G. Painter
• CFO: David G. Barnes (retiring May 2024, to be succeeded by Phillip Sawarynski)
• Board Chair: Not explicitly stated
• Other Key Executives: Jennifer Allison (Vice President, General Counsel and Secretary), Ronald J. Bisio (Senior Vice President), Peter Large (Senior Vice President), Mark Schwartz (Senior Vice President), Julie A. Shepard (Chief Accounting Officer)

Robert G. Painter became CEO in January 2020, previously serving as CFO. David G. Barnes joined as CFO in January 2020 and will retire in May 2024. Jennifer Allison became general counsel and corporate secretary in April 2023. The other executives have extensive experience in their respective fields.

• Annual Revenue: $3.8 billion (FY2023)
• Net Income: $311.3 million
• Market Cap: Approximately $13.1 billion (as of June 30, 2023)
• Total Assets: $9.5 billion
• Employees: 12,700+ (as of December 2023)
• Key Financial Highlights: Recurring revenue is growing, representing 67% of total revenue in 2023. Gross margin increased to 61.4%.

Trimble offers a range of products and services, including:

• Software: Includes 3D modeling, analysis, planning, and design solutions, as well as domain-specific applications for various industries. Software is sold as perpetual licenses, term licenses, or subscriptions (SaaS).
• Hardware: Includes advanced positioning and autonomous guidance capabilities, integrated systems for vehicle tracking and management, and connected reality capture systems.
• Services: Includes professional services to help customers integrate and optimize the use of Trimble's offerings, as well as positioning services for higher accuracy in various applications.

Trimble operates through four reportable segments:

• Buildings and Infrastructure: Serves customers in architecture, engineering, construction, design, asset management, operations, and maintenance. Revenue: $1.6 billion (FY2023).
• Geospatial: Serves customers in surveying, mapping, engineering, and government. Revenue: $695.5 million (FY2023).
• Resources and Utilities: Serves customers in agriculture, forestry, and utilities. Revenue: $769.1 million (FY2023).
• Transportation: Serves customers in long-haul trucking and freight shipper markets. Revenue: $741.0 million (FY2023).

Trimble's growth strategy focuses on:

• Connect and Scale: Connecting customer workflows and scaling cloud enablement.
• Software and Services: Increasing focus on software and services for vertical markets.
• Attractive Markets: Targeting underserved markets with growth and profitability potential.
• Innovation: Leveraging domain knowledge and technological innovation.
• Geographic Expansion: Expanding internationally with localization strategies.
• Go-to-Market: Optimizing go-to-market strategies to access markets effectively.
• Strategic Acquisitions: Pursuing strategic acquisitions, joint ventures, and investments.
• Sustainability: Focusing on sustainability through decarbonization and reduced environmental impact.

Trimble operates in several large, competitive industries:

• Primary Industry: Technology solutions for construction, agriculture, transportation, and geospatial sectors.
• Market Trends: Increasing adoption of mobile and cloud computing, demand for integrated solutions, and focus on sustainability.
• Major Competitors: Vertically integrated farm equipment and implement companies, agricultural instrumentation companies, companies that provide agricultural software and services, survey instrument companies, and companies that provide fleet mobility services.
• Market Position: Trimble is a leading technology solutions provider in its core industries.

• Supply Chain Disruption: Reliance on limited contract manufacturers and suppliers, which can lead to disruptions and increased costs.
• Global Operations: Subject to risks in various jurisdictions, including economic, political, and regulatory risks.
• Competition: Faces substantial competition in its markets, which could decrease revenue and growth rates.
• Cybersecurity: Vulnerable to cybersecurity breaches, disruptions, and delays.
• Acquisition and Divestiture Risks: Inability to successfully integrate acquisitions or manage divestitures effectively.