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) is partnering with Severn Trent Water to deploy 157,000 smart water meters in Warwickshire, England, as part of the Green Recovery Program. This advanced metering infrastructure aims to enhance leak detection and optimize water consumption management. Equipped with Cyble multi-connectivity communication modules, the meters will provide accurate water volume measurements and real-time monitoring. The deployment is underway and aligns with sustainability goals, contributing to the development of an intelligent water infrastructure in the area.
Itron, Inc. (NASDAQ: ITRI) and SmartThings, Inc. are collaborating to enhance the energy management experience for utilities and consumers. This partnership will integrate Itron’s industrial IoT network solution with SmartThings’ services to provide real-time energy data, thereby improving energy management and reducing carbon footprints. Key benefits include enhanced consumer engagement, improved utility program enrollment, and innovative data sharing capabilities. Itron aims to enable consumers to optimize their energy usage with connected smart devices.
Itron, Inc. (NASDAQ: ITRI) released its 2022 Resourcefulness Insight Report, highlighting that 90% of utility executives find data analytics vital for reliable service amidst extreme weather and EV adoption. Half of consumers are willing to pay up to 7% more for personalized insights that help manage energy costs. The report, based on surveys from 600 utility executives and 600 consumers across 5 countries, identifies improving efficiency and resilience as key priorities. It emphasizes the growing importance of data in transforming utility services and enhancing customer experiences.
Itron, Inc. (NASDAQ: ITRI) is hosting its Itron Inspire 2022 conference in Marco Island, FL from Sept. 23-30, 2022. The event aims to bring together industry leaders from energy, water, and smart communities to explore innovations and address challenges. Key highlights include the Knowledge Conference from Sept. 25-27, featuring over 90 breakout sessions, keynotes from industry experts, and networking opportunities. Discussions will focus on cybersecurity, data management, and the impact of distributed energy resources.
Itron, Inc. (NASDAQ:ITRI) reported a 12% decrease in revenue for Q2 2022, totaling $432 million, down from $489 million in 2021. The company faced operational challenges due to supply constraints, resulting in a gross margin of 29.2%, down from 30.6%. The GAAP net loss was $(37) million or $(0.82 per share, compared to $(33) million or $(0.73 per share the prior year. Total backlog reached a record $4.1 billion, while guidance for 2022 revenue has been revised down to $1.85 to $1.9 billion.
Itron, Inc. (NASDAQ: ITRI) is now accepting nominations for the fourth annual Itron Innovator Award. This award recognizes a city or utility customer that has effectively utilized Itron’s partner programs to boost innovation, enhance resource efficiencies, and improve community connectivity. Nominations are due by August 20, 2022, with the winner announced during the Itron Inspire 2022 event from September 23-30 in Marco Island, FL. Itron underscores its commitment to fostering innovative solutions through its robust partner ecosystem.
Itron, Inc. (NASDAQ: ITRI) announced the launch of the Itron Engage Sales Channel Partner Program in the Asia Pacific region. This program equips utilities and municipalities with tools, training, and support to enhance energy and water management. Already in use in North America and Europe, the program fosters an interconnected partner community, rewarding expertise and performance. Partners gain access to Itron University for comprehensive training and utilize the Itron Partner Center for resources. The initiative aims to meet evolving customer demands in a transforming industry.
Itron, Inc. (NASDAQ: ITRI) announced it will release its financial results for the quarter ended June 30, 2022, on August 4, 2022, before market opening. The earnings report will be published on the company's website at investors.itron.com at 8:30 a.m. EDT. A management conference call will take place at 10 a.m. EDT to discuss the results. Interested participants can access the live webcast from the company's website. A telephone replay will be available until August 9, 2022.
Itron, Inc. (NASDAQ: ITRI) collaborates with the Sevier County Utility District (SCUD) to implement its AMI Essentials for Gas, deploying 15,000 Cellular 500G Gas Modules and Temetra for enhanced gas meter management. This initiative aims to improve operational efficiency and safety in SCUD’s gas distribution system in Tennessee over the next two years. The solution facilitates better data visibility, supports cloud-based data management, and ensures accurate meter reads, ultimately enhancing customer service and fostering future growth for SCUD.
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