Itron Inc - ITRI STOCK NEWS

Itron has signed a contract with CenterPoint Energy to deploy 3 million Intelis natural gas smart meters. This initiative aims to enhance safety, reliability, and efficiency of CenterPoint's gas distribution system. The Intelis meters feature an automatic shutoff valve for increased safety and provide accurate consumption data to customers. This partnership reflects CenterPoint's commitment to modernizing its infrastructure while also supporting environmental sustainability goals by reducing carbon emissions from utility vehicles.

Itron, Inc. (NASDAQ: ITRI) collaborates with Emerson to integrate their smart thermostats into Itron's Bring Your Own Device (BYOD), direct install demand response (DR), and distributed energy resource (DER) programs. Emerson's Sensi thermostats enhance energy management, offering consumers control and utilities improved grid reliability. The partnership utilizes Itron's DER Optimizer solution for managing energy usage efficiently. This innovation aids utilities in engaging customers and optimizing energy supply and demand.

Itron, Inc. (NASDAQ: ITRI) is collaborating with the City of Fuengirola, Spain, to implement a comprehensive smart city solution aimed at enhancing urban innovation and citizen service. The project will feature a city-wide mesh network optimized for industrial IoT devices, managed under a four-year Network-as-a-Service agreement. Funded 80% by the European Regional Development Fund, the initiative will introduce applications like intelligent street lighting and smart traffic monitoring, expected to be completed by the end of 2022. This strategic partnership aligns with Itron's commitment to improving infrastructure efficiency.

Itron, Inc. (NASDAQ: ITRI) is teaming up with Duke Energy Florida to implement its DER Optimizer solution, which will enhance the management of residential electric vehicle (EV) charging. This initiative aims to facilitate EV charging during off-peak hours, utilizing Itron's IntelliSOURCE platform. The program will commence in Q1 2022 and last four years, offering insights into residential EV charging behaviors while aiding in grid reliability. Itron currently supports 25 utilities with over 1 gigawatt of connected load.

Itron, Inc. (NASDAQ: ITRI) announces its second annual virtual customer event, Itron Inspire EMEA 2022, from April 5-6, 2022. This event will gather industry experts from Europe, the Middle East, and Africa to drive transformation in energy and water management. Key topics include electric vehicle impacts, IoT potential, decarbonization, and sustainable smart city initiatives. Registration is free, and the event will feature leadership panels and breakout sessions. For updates, follow Itron on social media.

Itron, Inc. (NASDAQ: ITRI) has announced a contract with Consolidated Utility District (CUD) to implement its Temetra mobile meter data collection solution. This partnership aims to enhance CUD's Advanced Metering Infrastructure (AMI) in Rutherford County, Tennessee. The project will enable improvements in operational efficiency, billing accuracy, and water conservation, benefiting over 160,000 customers. The system is expected to be live by summer 2022, facilitating automated meter reading and leak detection.

Itron announced a collaboration with Utilismart to offer an end-to-end data management solution for electric utilities in Canada and the U.S. This partnership combines Itron's electric cellular meters with Utilismart's analytics platform, filling a gap between Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). The solution supports complex billing, daily consumption tracking, and voltage measurement capabilities, enhancing operational decision-making for utilities and industrial customers. This initiative aims to streamline operations and improve energy consumption analytics.

The press release announces the successful closing of the acquisition of Itron's European commercial & industrial mechanical gas meter and global gas regulator businesses by Dresser Utility Solutions. David Evans, CEO of Dresser, expressed enthusiasm for expanding their offerings and investing in technology. Itron's Justin Patrick indicated the deal would benefit customers by leveraging Dresser's expertise in the gas industry. Itron will continue focusing on developing advanced utility solutions while transferring relevant employees to Dresser.

Itron, Inc. (NASDAQ: ITRI) reported its Q4 and full year 2021 financial results, highlighting a quarterly revenue of $486 million and a full year revenue of $2.0 billion. The company faced challenges with a GAAP net loss of $(59) million for Q4, which contrasts with a net income of $22 million in Q4 2020. Despite this, Itron achieved record bookings of $1.1 billion and backlog levels of $4.0 billion. Looking ahead, 2022 guidance estimates revenue between $2.0 and $2.1 billion and non-GAAP EPS between $1.25 and $1.75.