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 (ITRI) delivers critical infrastructure technology for global energy and water management. This news hub provides investors and industry professionals with centralized access to official press releases, financial disclosures, and strategic updates directly from the company.
Track developments across Itron's core operations including smart grid deployments, IIoT solutions for utilities, and advanced analytics platforms. Our curated news collection covers earnings announcements, product innovations, strategic partnerships, and regulatory updates that shape the company's market position.
Key content categories include quarterly financial results, technology patent filings, infrastructure project wins, and executive leadership changes. Bookmark this page for real-time updates on Itron's contributions to sustainable resource management and smart city ecosystems worldwide.
Itron, Inc. (NASDAQ: ITRI) has partnered with Yokogawa India Ltd. to implement its Water Operations Management solution in Satna, Madhya Pradesh, as part of the Satna Smart City project. This five-year agreement aims to decrease non-revenue water losses by optimizing water management across 200 km of water supply networks. The solution facilitates leak detection and enhances operational visibility in the city’s water distribution network, aligning with India's Smart Cities Mission and supporting Satna's vision of becoming a resource-efficient urban hub.
Itron, Inc. (NASDAQ:ITRI) reported a 9% decrease in revenue for Q1 2022, totaling $475 million, down from $520 million in Q1 2021. The gross margin declined to 28.4% from 32.2%, driven by rising component costs and manufacturing inefficiencies. GAAP net income fell to $1 million or $0.02 EPS, compared to $13 million or $0.30 EPS in the prior year. Free cash flow also dropped to $2 million from $39 million. Despite these challenges, total backlog increased to $3.9 billion.
Itron, Inc. (NASDAQ: ITRI) will announce its financial results for Q1 2022 on May 2, 2022, before market opening. The results will be available on their website at investors.itron.com. Following the release, a management conference call will be held at 10 a.m. EDT to discuss the results. Interested participants can access the live webcast and a supplemental presentation via the company's events page. A telephone replay will be available until May 7, 2022, using passcode 3063181.
Itron, Inc. (NASDAQ: ITRI) has launched the Partner Solution Marketplace, a new platform allowing utilities and cities to access tested third-party solutions that modernize energy and water management. This marketplace enhances Itron's existing product catalog, featuring solutions like smart city technologies and Distributed Intelligence (DI) applications. With a growing number of products, users can search solutions by type, industry, connectivity models, and location. The initiative aims to boost customer engagement and expand innovative use cases within Itron's IIoT network.
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.
