Itron Inc - ITRI STOCK NEWS

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.

Itron, Inc. (NASDAQ: ITRI) has been recognized as a Visionary in the 2022 Gartner Magic Quadrant for Managed IoT Connectivity Services. This distinction highlights Itron's expertise in providing IoT platform solutions for utilities and city services, with over 78 million endpoints managed globally. The company's platform enhances connectivity and intelligence, crucial for the digital transformation of energy and water management, enabling efficient and resilient services. Itron continues to support its clients by delivering actionable insights through its IIoT solutions.

Itron has launched its innovative Electric Vehicle (EV) Charging Optimizer, a first-of-its-kind solution aimed at enhancing EV charging management and grid integration. The cloud-based platform is charger and vehicle agnostic, designed for utilities and EV operators globally, and is particularly focused on fleet management. The solution can result in over 35% savings on energy costs for customers and more than 20% savings for utilities. Early deployments with major utilities have commenced, and Itron collaborates with various technology partners to optimize charging and grid performance.

Itron, Inc. has announced the integration of NET2GRID's AI-driven customer engagement solution into its Distributed Intelligence ecosystem. This application enhances energy consumption insight for consumers and utilities by disaggregating data from smart meters. NET2GRID aims to provide accurate residential load disaggregation and demand predictions, helping users understand their energy usage. This collaboration marks a significant step in Itron's initiative to support utilities' transformation and sustainability goals by leveraging advanced data analytics for improved energy management.

Itron, Inc. (NASDAQ: ITRI) has announced that its Intelis smart gas meter has received type approval from Measurement Canada. This makes it the first ultrasonic gas meter with an internal shutoff valve approved in Canada, allowing utilities to enhance safety and operational efficiency in gas delivery. The meter features automatic shutoff capabilities during high flow or temperature incidents, minimizing explosion risks. With millions contracted in North America, this approval positions Itron to significantly improve gas management and safety.

Itron, Inc. (NASDAQ: ITRI) announced it will release its financial results for Q4 and full year ending Dec. 31, 2021 on Feb. 28, 2022, before market opening. The financial statements will be accessible on its website at investors.itron.com at 8:30 a.m. EST. Following this, a management conference call is scheduled for 10 a.m. EST. Interested parties can listen via a live webcast. A telephone replay of the call will be available through Mar. 5, 2022, by dialing 888-203-1112 or 719-457-0820 with passcode 5471582.

Itron has secured a contract with ESB Networks to deploy its Temetra meter data management solution, targeting the operational efficiency of Ireland's energy distribution network. This initiative forms part of ESB Networks' Smart Metering Programme, aimed at reading 1.75 million electric meters in Ireland by utilizing a modern, cloud-based interface. By enhancing visibility and data management, the deployment is expected to foster cleaner and more reliable electricity for customers, aligning with Ireland's National Climate Action Plan.