Street Calls of the Week
WESTMINSTER, Colo. - Vermeer and Trimble (NASDAQ: TRMB), a $19 billion technology company with robust gross margins of nearly 70%, announced Thursday the integration of Trimble Groundworks machine control system with Vermeer PD10R and PD25R remote control pile drivers, aimed at enhancing productivity in solar farm construction. According to InvestingPro data, Trimble has demonstrated strong market performance with a 35% return over the past year.
The combined technology enables the pile drivers to automatically position themselves at precise locations according to project plans and drive piles to accurate depths with minimal operator input. This automation allows a single operator to perform what traditionally required two or three workers. InvestingPro analysis reveals Trimble’s commitment to innovation has helped maintain its profitability, with the company generating $3.57 billion in revenue over the last twelve months.
According to the companies, the system reduces the time needed to navigate machinery to correct positions while minimizing operator fatigue, as workers can focus on pile driving rather than machine operation.
"Leveraging Trimble machine control technology with Vermeer pile driving technology has the capability to change the way solar farms are built," said Ed Savage, lead product manager at Vermeer, in the press release statement.
The integration also includes access to Trimble WorksManager cloud-based software, which provides project managers with real-time production and quality data reporting. This feature allows for remote troubleshooting and monitoring of overall project progress.
Elwyn McLachlan, vice president of civil solutions at Trimble, stated that the combination "represents the next step on the road to autonomy" with potential improvements to worker safety, productivity, and accuracy on solar projects.
The Trimble Groundworks system is now available for the Vermeer pile drivers globally through the SITECH distribution channel. The announcement comes as energy companies increasingly turn to solar installations to meet economic and emissions targets. Five analysts have recently revised their earnings expectations upward for Trimble, according to InvestingPro, which offers comprehensive analysis and additional insights through its Pro Research Report, available for over 1,400 US stocks.
In other recent news, Trimble Inc. reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company’s earnings per share were $0.71, exceeding the projected $0.63, while revenue reached $876 million, surpassing expectations of $835.81 million. Additionally, Trimble announced the retirement of Chief Accounting Officer Julie Shepard, who will be succeeded by Kenny Bement in September 2025. Shepard will continue to support the auditor transition for the 2025 financial statements to ensure a smooth handover.
In another development, Trimble and Hyundai Construction Equipment expanded their collaboration by introducing the Trimble Ready 3D option for Hyundai’s HD130A bulldozers globally. This marks an extension of the offering beyond North America, where it was initially launched in late 2024. Furthermore, Trimble announced the return of its flagship user conference, Trimble Dimensions 2025, set for November 10-12 at The Venetian Resort in Las Vegas. The event will feature over 500 expert-led sessions, focusing on connected solutions for various industries.
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