Trimble appoints Matthew C. Brown to board of directors and audit committee

Trimble Inc. has announced the appointment of Matthew C. Brown to its board of directors and audit committee. Brown, the current Chief Financial Officer of Tenable Holdings, Inc., assumed the role effective immediately. Prior to Tenable, he served as CFO of Altair Engineering Inc. from 2021 to 2025. With a background in finance and accounting within the technology sector, Brown is also a Certified Public Accountant.

This appointment arrives at a critical time for Trimble, which has reported a loss of $0.44 per share over the past year. The company is expected to report earnings tomorrow, with analysts forecasting profitability in 2026 at $3.68 per share. Notably, Trimble's stock is currently valued at $65.94, appearing undervalued according to InvestingPro's analysis.

Brown will be compensated according to Trimble's established policy for non-employee directors, as detailed in the company's Board of Directors Compensation Policy filed with its annual report on April 25, 2025. The company will also enter into its standard indemnification agreement with Brown. Additionally, there are no related party transactions between Trimble and Brown, nor any undisclosed arrangements or understandings.

Trimble's recent second-quarter earnings exceeded expectations, with adjusted earnings per share of $0.86, surpassing the consensus forecast by 7.3%. Organic revenue growth also reached 10%, totaling $972 million for the quarter. Consequently, Trimble has revised its 2026 financial outlook, projecting revenue of $3.925 billion and earnings per share of $3.65.

The company has also initiated a strategic review of its Transportation and Logistics business. Bernstein SocGen Group recently lowered its price target for Trimble from $85 to $73, while maintaining an Outperform rating, citing Trimble's achievement in reaching adjusted EBITDA margin targets ahead of schedule and its potential for further margin expansion.