Trimble receives Nasdaq deficiency notice

WESTMINSTER, Colo. - Trimble Inc. (NASDAQ: TRMB), a $17.32 billion market cap company specializing in positioning, modeling, and data analytics technologies, has received a deficiency notification from the Nasdaq Stock Market due to delayed filing of its annual report. According to InvestingPro data, the company maintains a GOOD financial health score, with strong profitability metrics and a P/E ratio of 11.51. The notice, issued on March 20, 2025, states that Trimble did not comply with Nasdaq Listing Rule 5250(c)(1) because it failed to file its Annual Report on Form 10-K for the period ended January 3, 2025, on time.

Despite the notice, there is no immediate impact on the trading of Trimble’s common stock on the Nasdaq Global Select Market. The company, which generates annual revenue of $3.68 billion, has been given 60 days from the date of the notice to submit a plan to regain compliance. InvestingPro subscribers can access detailed financial health metrics and 12 additional ProTips about Trimble’s performance and outlook in the comprehensive Pro Research Report, available for over 1,400 US stocks. If Nasdaq accepts the plan, Trimble could be granted an extension of up to 180 days, or until July 2, 2025, to file the overdue report and comply with the listing rule.

On a recent earnings call on February 19, 2025, Trimble discussed the delay in its audit process for the fiscal year 2024. This delay is attributed to the time needed to prepare and file an amended Form 10-K for the fiscal year 2023 and the Quarterly Reports on Form 10-Q for the first three quarters of fiscal year 2024, which were all filed on January 16, 2025. The company reassured that it does not anticipate any changes in the financial results from those previously released in its fourth-quarter earnings press release.

Trimble has expressed its intention to file the 2024 Form 10-K as soon as practicable and to take necessary steps to regain compliance with Nasdaq’s listing rules. However, the company cautions that the actual timing of the filing and completion of the audit could differ from current expectations due to various risks and uncertainties.

The forward-looking statements in the press release are made under the safe harbor provisions of the Securities Litigation Reform Act of 1995 and are subject to change. While analysts maintain coverage of the stock with targets ranging from $78.32 to $95.00, Trimble has emphasized that undue reliance should not be placed on these statements, which are valid only as of the date of the press release. For comprehensive analysis and real-time updates, investors can access detailed valuation metrics and expert insights through InvestingPro’s advanced analytics platform.

This news article is based on a press release statement from Trimble Inc.

In other recent news, Trimble reported fourth-quarter earnings that aligned with expectations, with a significant revenue increase of 5% year-over-year, reaching $983 million. This exceeded both the guidance range and consensus estimates, driven by a 17% organic growth. The company’s fiscal year 2025 guidance projects a slight decline in revenue by 6-9%, with organic growth expected to be between 2-5%. Despite foreign exchange challenges, the operating margin is anticipated to improve, with non-GAAP EPS guidance set between $2.76 and $2.98. JPMorgan has raised Trimble’s stock price target to $94, maintaining an Overweight rating, citing expected improvements in sales and earnings throughout 2025.

Trimble has also announced a new partnership with Kirby-Smith Machinery, marking it as the first Trimble Technology Outlet in the U.S., aimed at expanding the availability of its grade control technology. In addition, Trimble has released Tekla Structures 2025, an updated version of its BIM software featuring AI tools to enhance productivity and collaboration in construction projects. The company has also collaborated with Daimler Truck North America to streamline fleet repair processes, aiming to reduce vehicle downtime and improve maintenance efficiency. Furthermore, Trimble has partnered with STMicroelectronics to integrate positioning technologies for automotive and IoT applications, promising improved performance and reduced costs for OEMs.

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