Member Corner

Trimble Announces New Share Repurchase Program

Last month, Trimble announced that its Board of Directors has approved a new share repurchase program authorizing up to $750 million in repurchases of the Company’s common stock.

WGIC Secretariat September 13, 2021
Trimble Announces New Share Repurchase Program

The share repurchase authorization does not have an expiration date and replaces the prior 2017 authorization of $600 million, of which $50.7 million was remaining and has been cancelled. The new repurchase program goes into effect immediately, and shares may be repurchased from time to time, subject to business and market conditions and other investment opportunities, through open market transactions, privately-negotiated transactions, accelerated stock repurchase plans, or by other means. The program may be suspended, modified or discontinued at any time at the Company’s discretion without notice.  Year to date, Trimble repurchased approximately 0.6 million shares of its common stock in open market purchases at an average price of $71.24 per share for a total of approximately $40 million, which was under the prior authorization. 

About Trimble
World Geospatial Industry Member Trimble is an industrial technology company with core technologies in positioning, modeling, connectivity and data analytics to connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is active in industries such as agriculture, construction, geospatial and transportation.