#United States #share buyback #Investor Relations #Westminster #Trimble

Trimble Announces New $1.0 Billion Share Repurchase Initiative

In a recent announcement made from Westminster, Colorado, Trimble® (Nasdaq: TRMB) declared that its Board of Directors has authorized a significant share repurchase program, allowing the company to acquire up to $1.0 billion of its common stock. This strategic move is seen as a step to enhance shareholder value and demonstrate the company's confidence in its long-term growth prospects.

Key Highlights of the Share Repurchase Program

The newly approved repurchase program is noteworthy for several reasons:

• - Authorization without Expiration: Unlike its previous initiative, this share buyback authorization does not come with an expiration date, giving Trimble the flexibility to execute the repurchases at its discretion.
• - Replacement of Prior Authorization: This new plan replaces an earlier approval for the same amount of $1.0 billion, from which $273 million had been spent by the end of Q3 2025. The remaining funds from the previous initiative have been cancelled, consolidating Trimble’s focus on the new program.
• - Versatile Acquisition Methods: Under this initiative, the company has the option to repurchase shares through various methods including accelerated share repurchase schemes, open market transactions, privately negotiated deals, block purchases, and even tender offers.
• - Management Discretion: Importantly, Trimble retains the authority to suspend, modify, or terminate the repurchase program at any given time without prior notice, thus providing them with strategic agility based on market conditions.

The Importance of Share Repurchase Programs

Share repurchase plans are financial strategies that companies use to buy back their own shares from the marketplace. This move can often be indicative of several underlying factors such as:
1. Boosting Shareholder Value: By reducing the number of shares in circulation, the earnings per share (EPS) can increase, which often leads to a higher stock price.
2. Market Confidence: Such a program signals to the market that the company has excess cash and is confident in its ongoing performance, potentially attracting more investors.
3. Flexibility: Companies can utilize share buybacks, as is the case with Trimble, based on evolving financial strategies or market conditions.

About Trimble

Trimble is a global leader in technology solutions that connect both the digital and physical worlds, driving forward innovations in industries like construction, geospatial, and transportation. With a strong focus on precision positioning, modeling, and data analytics, Trimble is pivotal in enhancing productivity and transforming how work gets done. Their commitment spans improving infrastructure, optimizing supply chains, and beyond. For more information about Trimble and their latest initiatives, please visit Trimble.com.

Conclusion

Trimble’s new share repurchase authorization not only reflects its commitment to enhancing shareholder value but also reinforces its position as a robust player in the global technology landscape. This strategic decision demonstrates a proactive approach to navigating market challenges, ensuring they remain a frontrunner in their sector. The announcement is timely, given the company's ongoing efforts in innovation and transformation across multiple industries.