Form 8-K · Current Report · Filed 2024-04-12
Trimble Announces New Reporting Segments
Trimble Inc. announced a change in its financial reporting segments to better align with its organizational structure and business models, effective from the first quarter of 2024. The new structure groups the company's operations into three segments: Architecture, Engineering, Construction and Owners Software (AECO), Field Systems, and Transportation and Logistics. This change is expected to enhance the company's ability to achieve scale and growth. Historical financial results have been recast to reflect the new segment structure.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000080
- CIK
- 0000864749
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$62.03
Next session
-4.2%
Since filing
-4.1%
Latest close
$59.47
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Precedent
Previous filings from TRMB reporting the same item, with the next session's move:
Exhibits (2)
About Trimble Inc.
Trimble Inc. is a technology company that develops positioning and productivity solutions for various industries. It focuses on connecting the physical and digital worlds through advanced integrated solutions. Trimble's portfolio includes industries like agriculture, construction, geospatial, transportation, and natural resources, where accurate positioning and measurement are crucial. The company offers products such as GPS receivers, laser rangefinders, unmanned aerial vehicle systems, and software tools. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has consistently contributed to technological advancements by providing systems that improve productivity, quality, safety, and compliance. Trimble's solutions are vital in automating and streamlining workflows, thus fostering efficiency and innovation across sectors. Its presence is felt globally as it enables businesses to make data-driven decisions, promoting sustainable practices and operational intelligence.
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