trimble navigation ltd (TRMB) Key Developments
Trimble Announces Alliance with 3Gtms, Inc. to Advance its Transportation Industry Strategy
Aug 19 14
Trimble announced that it has entered into a strategic alliance with 3Gtms, Inc. The alliance includes an equity investment in 3Gtms by Trimble and a commercial reseller agreement with TMW Systems, part of Trimble's Transportation and Logistics Division. 3Gtms offers 3G-TM planning and shipment management software that will be marketed by TMW Systems as part of its transportation solutions portfolio. 3G-TM can be integrated with TMW's enterprise transportation management software to provide the first single-source solution for running both asset-based and non-asset transportation service organizations. The combined solution addresses the rapidly emerging IT needs from the operational convergence among motor carriers, third-party logistics (3PLs) and brokers. Increasing supply chain technology sophistication and the merging of capabilities across traditional service provider segments in the transportation industry are addressed by the integrated solutions within Trimble's Transportation and Logistics Division and the advanced functionality found in 3G-TM. The technology silos developed over time to separately address shipper, 3PL and motor carrier needs can now be replaced with software solutions that expand cost control, asset management and shipment visibility with advanced load optimization and real-time order management for greatly improved productivity and transportation efficiencies.
Trimble Navigation Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months of 2014; Provides Earnings Guidance for the Third Quarter of 2014
Aug 5 14
Trimble Navigation Limited reported unaudited consolidated earnings results for the second quarter and six months of 2014. For the quarter, the company's total revenues were $642,199,000 compared to $576,293,000 for the same period of last year. Operating income was $97,134,000 compared to $64,905,000 for the same period of last year. Income before taxes was $98,768,000 compared to $68,691,000 for the same period of last year. Net income attributable to the company was $77,834,000 or $0.29 per diluted share compared to $54,581,000 or $0.21 per diluted share for the same period of last year. Non-GAAP operating income was $148.93 million compared to $120.33 million reported a year ago. Non-GAAP net income attributable to the company was $120,817,000 or $0.45 per diluted share compared to $98,558,000 or $0.38 per diluted share for the same period of last year. Operating cash flow in the quarter was $131.2 million. Almost all of the revenue growth was organic, which reflects generally improved market conditions outside of agriculture.
For the six months, the company's total revenues were $1,246,920,000 compared to $1,132,404,000 for the same period of last year. Operating income was $172,845,000 compared to $121,362,000 for the same period of last year. Income before taxes was $187,243,000 compared to $123,060,000 for the same period of last year. Net income attributable to the company was $146,458,000 or $0.55 per diluted share compared to $104,389,000 or $0.40 per diluted share for the same period of last year. Net cash provided by operating activities was $214.6 million compared to $172.04 million reported a year ago. Acquisitions of property and equipment were $28.42 million compared to $39.43 million reported a year ago. Non-GAAP operating income was $277.15 million compared to $230.62 million reported a year ago. Non-GAAP net income attributable to the company was $223,387,000 or $0.84 per diluted share compared to $196,453,000 or $0.75 per diluted share for the same period of last year.
For the third quarter of 2014, the company expects revenue to be between $590 million and $610 million with GAAP earnings per share of $0.19 to $0.24 and non-GAAP earnings per share of $0.35 to $0.40. Non-GAAP guidance excludes the amortization of intangibles of $37 million related to previous acquisitions, anticipated acquisition costs of $4 million, and the anticipated impact of stock-based compensation expense of $11 million. Both GAAP and non-GAAP earnings per share assume a 20% to 22% tax rate and approximately 265 million shares outstanding.
Trimble Navigation Limited to Report Q2, 2014 Results on Aug 05, 2014
Jul 31 14
Trimble Navigation Limited announced that they will report Q2, 2014 results at 1:30 PM, Pacific Standard Time on Aug 05, 2014
Trimble and Bentley Systems Accelerate Information Mobility with an Integrated Workflow for Road and Site Construction
Jul 29 14
Trimble and Bentley Systems announced the next advance of information mobility between project design and field construction. Using Bentley's ProjectWise collaboration servers and services, along with its i-model technology for the open exchange of infrastructure information, and Trimble's Business Center - HCE office software, an integrated workflow for road and site construction is now possible.
Trimble Introduces Trimble(R) DPS900 Piling System
Jul 23 14
Trimble introduced the Trimble(R) DPS900 Piling System, a dedicated, land-based 3D machine control system for a variety of piling machine makes and models. The accuracy of the system allows piling contractors to increase operational efficiency and reduce costs for building structural foundations, retaining walls, coffer dams, and solar or wind farm installations. The DPS900 Piling System can transform the way piling contractors work. Without DPS900, the process is manual and often error prone. With the DPS900 system, contractors can take advantage of accurate positioning and automated reporting to ensure machines are being utilized efficiently. The DPS900 Piling System reduces surveying costs associated with staking and as built checks. In addition, the system can increase on-site safety by reducing the number of people around machines, pilings and foundations. Accurate positioning in DPS900 can ensure navigation time between piles is reduced, resulting in increased piling time to maximize production and revenue per day. Built-in, automated quality assurance and quality control reporting includes capture of start and end positions, time and elevation as well as actual embedment depth, blow count reporting, and inclination and orientation control. In addition, unique system logins allow managers to filter reports by operator for better accountability, production optimization and forecasting. Business Center - HCE office software by Trimble is used to create pile plans in the office, and allows for integration with data prep, estimating and reporting functions. Piling machines can be connected to the office using Trimble Connected Site(R) solutions for wireless data transfer and GNSS corrections. In addition, machines can be tracked and monitored using VisionLink(R) for location, hours and utilization information. The DPS900 Piling System is supported and serviced by a local SITECH(R) technology dealer. Their expertise with Trimble 3D machine control systems allows piling contractors to make a smooth transition to machine control workflows so downtime is minimized. The new Trimble DPS900 Piling System is available now in Australia, Europe, North America, Chile and South Africa through Trimble's SITECH Technology Dealer Channel.