Welcome to our dedicated page for Itron news (Ticker: ITRI), a resource for investors and traders seeking the latest updates and insights on Itron stock.
Itron Inc. (NASDAQ: ITRI) is a leading technology company that enables utilities and cities to safely, securely, and reliably deliver critical infrastructure services. Itron operates globally, serving communities in over 100 countries, and offers a comprehensive portfolio that includes smart networks, software, services, meters, and sensors.
The company manages and reports through three primary operating segments:
- Device Solutions: This segment includes hardware products used for measurement, control, or sensing. These devices do not have embedded communication capabilities, making them essential standalone tools within the broader Itron systems.
- Networked Solutions: This segment provides integrated solutions combining communicating devices, network infrastructure, and application software. These products are designed and sold as complete systems, offering robust capabilities for monitoring and managing energy and water resources.
- Outcomes: This segment delivers value-added software and services that enhance decision-making and operational efficiency. The solutions offered in this segment help utilities and cities analyze and interpret data to optimize their operations and profitability.
Recently, Itron has been focusing on innovative projects such as the Pipe Asset Management Software, which helps utilities make informed decisions about the replacement and maintenance of water pipes. By leveraging data from various sources including GIS, historical failure data, and advanced metering infrastructure, this tool uses AI to identify pipes that are at risk of failure. The software also supports lead pipe inventory replacement, ensuring the safe delivery of drinking water.
With its commitment to innovation and sustainability, Itron aims to improve the quality of life by safeguarding natural resources and enhancing the efficiency of critical infrastructure services. For more information, visit their official website at www.itron.com.
Itron, Inc. (NASDAQ: ITRI) has launched a new distributed intelligence (DI) network interface card (NIC) designed to enhance edge computing in third-party devices, aiming to drive innovation in low-voltage networks and distributed energy management. This first-of-its-kind technology allows utilities to leverage existing infrastructure, facilitating integration of distributed energy resources like electric vehicles and solar power. Itron's DI NIC will also support applications in home energy management, providing utilities with real-time control over the distribution network. Initial partnerships with companies like Lumin will further enable effective load management and consumer engagement.
Itron, Inc. (NASDAQ: ITRI) will announce its fourth quarter and full year financial results for the period ending Dec. 31, 2022 on Feb. 27, 2023, prior to market opening. The release will be accessible on its website at 8:30 a.m. EST, followed by a management conference call at 10 a.m. EST. Interested listeners can join the live webcast and pre-register through the company’s events page. A replay of the conference call will be available until Mar. 4, 2023.
Itron, Inc. (NASDAQ: ITRI) has signed a contract with Gainesville Regional Utilities to modernize its infrastructure using Itron’s IIoT network solutions. The project includes smart water and gas communication modules, along with electric smart meters, aimed at improving operational efficiency and data accuracy. Daily electronic data collection will reduce costs and enhance customer service, providing online access for usage monitoring. This initiative aligns with GRU’s commitment to enhance customer experience and pave the way for future smart city applications.
Itron, Inc. (NASDAQ: ITRI) is collaborating with Baltimore Gas & Electric (BGE) to deploy 260,000 smart streetlights, enhancing energy efficiency and community safety. Utilizing its IIoT network, Itron's smart lighting solution allows for real-time failure detection and maintenance alerts. BGE aims to improve its lighting infrastructure and public safety through this initiative, which incorporates Itron’s Streetlight.Vision Central Management System and other technologies. The project is set to be completed by 2026, showcasing Itron's scalable platform and its ongoing relationship with BGE.
Itron, Inc. (NASDAQ: ITRI) has launched the Intelis gFlex prepayment gas meter, enhancing revenue assurance for utilities while improving consumer experience. This innovative meter combines ultrasonic solid-state technology with 30 years of Itron’s prepayment expertise. Available in regions including EMEA, Latin America, and Asia Pacific, it offers options for payment methods and enhanced data management. Key features include superior durability, low maintenance costs, and the capacity for real-time consumption tracking, making it a significant advancement in utility management.
Itron, Inc. (NASDAQ: ITRI) announced that Singapore’s national water agency, PUB, is utilizing SP Group’s industrial IoT network for a smart water metering initiative. This program aims to connect 300,000 smart water meters to enhance water conservation efforts. The deployment, part of PUB's Smart Water Meter Program, will allow for remote daily meter readings, improving user control over consumption. John Marcolini, Itron's SVP, highlighted the project's potential to meet conservation goals and leverage the capabilities of Itron's IoT network.
Itron, Inc. (NASDAQ:ITRI) reported a third-quarter revenue of $421 million, down 14% year-over-year, primarily due to strategic divestitures and component shortages. Gross margin improved to 28.5%, up 80 basis points. The company posted GAAP net income of $4 million ($0.09 per diluted share), a turnaround from a net loss of $(2) million last year. Total backlog reached a record $4.2 billion. The fourth-quarter outlook anticipates revenue of $420 million to $460 million and non-GAAP EPS of $0.00 to $0.15 amid ongoing supply chain challenges.
Itron, Inc. (NASDAQ: ITRI) announced its financial results release for Q3 2022 on
Itron, Inc. (NASDAQ: ITRI) has appointed Mary Hemmingsen to its board of directors effective October 7. She brings over 30 years of experience in finance and utilities, having held leadership roles at KPMG and BC Hydro. Hemmingsen's expertise in strategy, risk, and ESG integration is expected to enhance company performance and shareholder value, according to company executives. Her previous board experience includes positions at various energy organizations, which complements Itron’s mission to innovate utility management.
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