Trimble (NASDAQ:TRMB) makes GPS positioning and precision-measurement products that increase the efficiency of construction workers, farmers and truck drivers. The stock soared 40.6%, from $21.45 to $30.15, increasing the Fund’s return by 107 basis points, as Trimble returned to earnings growth despite a downturn in all three of its end markets. A number of new products and the increasing adoption of the company’s software programs boosted revenue, while a renewed focus on cost management expanded margins.
From the Parnassus Fund fourth quarter 2016 commentary.
