Trimble Inc. reported stronger-than-expected third-quarter financial results, with a 4% year-over-year gain in transportation and logistics revenue amounting to $134 million. The company’s total revenue was up 3% at $901.2 million, with annualized recurring revenue reaching $2.31 billion, up 14% organically. Trimble CEO Rob Painter highlighted the company’s “connect and scale” strategy, focusing on integrating field operations with digital workflow platforms. Trimble expects full-year revenue of $3.545 billion to $3.585 billion and non-GAAP EPS between $3.04 and $3.12. The company is confident in its long-term targets heading into 2026 and 2027, emphasizing AI adoption across construction and freight as a net opportunity.

Read more at Yahoo Finance: Trimble’s transportation unit grows despite soft Q3 freight market