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WESTMINSTER, Colo. - Trimble (Nasdaq: TRMB), a $16.3 billion technology company with strong financial health according to InvestingPro metrics, and Daimler Truck North America have introduced a new integration designed to streamline the commercial fleet repair process. The integration combines Trimble Road Call, part of the Trimble TMT Fleet Maintenance solution, with Freightliner Service Tracker, aiming to reduce vehicle downtime and increase efficiency in maintenance management.
The collaboration addresses the challenge of managing multiple software solutions for vehicle repairs, which often results in duplicate workflows and inefficiencies. With industry averages indicating that 2.5% to 5% of a fleet is under repair at any given time, and maintenance costs rising by 3.1% in the past year, the need for a more streamlined process is evident. This initiative aligns with Trimble’s robust business model, which has generated $3.7 billion in revenue over the last twelve months.
Trimble Road Call’s integration with Service Tracker offers a single user interface that synchronizes equipment and repair data, provides status updates, and grants instant visibility of repair orders. This allows fleet maintenance managers and Daimler technicians to input and access repair information in real-time, facilitating better communication and faster turnaround times.
Paul Romanaggi, chief CX officer and GM of service and warranty at Daimler Truck North America, emphasized the benefits of the integration, stating it not only simplifies communication about repairs but also maximizes uptime for fleets. Brian Mulshine, senior director of product management at Trimble, echoed this sentiment, highlighting the stronger connections between fleets and OEMs that result from this collaboration.
The new integration is available for Daimler customers enrolled in Service Tracker using Trimble TMT Fleet Maintenance version 2023.2.3.817 and above, as well as for all Trimble TMT Fleet Maintenance customers on this version. It supports both on-premise and SaaS customers and is built on Trimble Transportation Cloud. According to InvestingPro analysis, Trimble maintains a strong financial position with an impressive Piotroski Score of 8, suggesting robust operational efficiency. Investors can access 12 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports.
Trimble and Daimler Truck North America’s partnership aims to pave the way for a more efficient and resilient trucking industry by reducing downtime and enhancing maintenance operations. This news is based on a press release statement.
In other recent news, Trimble Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.89, slightly above the consensus of $0.88. The company’s revenue for the quarter reached $983.4 million, marking a 5% year-over-year increase and a 17% organic growth, surpassing the expected $946.62 million. Additionally, Trimble’s annualized recurring revenue grew by 14% year-over-year to $2.26 billion. For the first quarter of 2025, Trimble anticipates revenue between $794 million and $824 million, with adjusted earnings per share projected at $0.55 to $0.61. The company also provided full-year 2025 guidance, forecasting revenue between $3.37 billion and $3.47 billion and adjusted EPS of $2.76 to $2.98.
In another development, Trimble announced a collaboration with STMicroelectronics to enhance precise positioning solutions for automotive and IoT applications. This partnership aims to integrate Trimble’s ProPoint Go positioning engine with STMicroelectronics’ Teseo VI GNSS chipsets, promising improved performance and reduced costs for manufacturers. Furthermore, JPMorgan recently raised its price target for Trimble to $94 while maintaining an Overweight rating, citing expected improvements in sales and earnings throughout 2025. Trimble’s Board of Directors also authorized a new $1 billion share repurchase program, replacing the existing authorization.
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