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 agreed to sell its global gas regulator and European commercial & industrial gas metering businesses to Dresser Utility Solutions. The transaction, expected to close in the first half of 2022, is subject to customary conditions. Dresser's CEO noted the acquisition will broaden their product offerings and global presence. Itron anticipates this adjustment will help them concentrate on innovative solutions for utilities, enhancing their core capabilities while transitioning affected employees to Dresser's workforce.
Itron, Inc. (NASDAQ: ITRI) will release its financial results for the quarter ended September 30, 2021, on November 4, 2021, before market opening. The press release and financial statements will be available on the company's investor relations website at 8:30 a.m. EDT, followed by a management conference call at 10 a.m. EDT. Interested parties can access the live webcast and supplemental presentation from the company’s website. A telephone replay of the call will be available until November 9, 2021.
Itron, Inc. (NASDAQ: ITRI) released its 2021 Resourcefulness Insight Report, highlighting the critical need for modernizing energy infrastructure to enhance grid resilience amid climate disruption. Key findings from 500 utility executives and consumers across five countries indicate that integrating renewables and upgrading aging infrastructure are top concerns. While 88% of utility executives fear natural disasters affecting the grid, consumers express greater worry about immediate challenges. The report also notes the pandemic's impact on technology investments, emphasizing the urgency for government infrastructure bills.
Itron, Inc. (NASDAQ: ITRI) will host its Investor Day 2021 virtually on October 5, 2021, at 9:30 a.m. EDT. The event is part of Itron Inspire 2021 and will feature insights from CEO Tom Deitrich and CFO Joan Hooper. Attendees can expect updates on the company's long-term strategy and technology roadmap. This decision comes amid rising concerns over the COVID-19 delta variant. The live webcast and a replay will be available on Itron's Investor Relations website.
Itron (NASDAQ: ITRI) has announced the Itron Inspire 2021 virtual event, scheduled for Oct. 4-8, 2021, due to concerns over the COVID-19 Delta variant. This customer-centric event will focus on energy, water, and IIoT innovations. Key sessions include a discussion on industry transformation led by Itron's CEO and a session on decarbonization strategies. Additional topics encompass grid resilience, cybersecurity, and data management solutions. The event aims to foster collaboration among utility leaders and address pressing industry challenges.
Itron, Inc. (NASDAQ:ITRI) reported Q2 2021 results with revenue of $489 million, down 4% year-over-year, primarily due to component constraints impacting $40-$50 million. Gross margin improved to 30.6%, and GAAP net loss narrowed to $(33) million or $(0.73) per share. Non-GAAP EPS rose to $0.28. Free cash flow surged to $64 million, with total backlog reaching a record $3.5 billion. However, the company revised 2021 guidance, projecting revenue of $2.05 to $2.15 billion, down from $2.23 to $2.33 billion, reflecting ongoing supply chain issues.
Itron, a leader in energy and water management solutions, has announced that CEO Tom Deitrich and CFO Joan Hooper will present at Oppenheimer’s 24th Annual Technology, Internet and Communications Conference on August 10, 2021, at 1:15 p.m. EDT, followed by Canaccord Genuity’s 41st Annual Growth Conference on August 11, 2021, at 1:30 p.m. EDT. Both presentations will be accessible via Itron’s Investor Relations website, with replays available for 30 days post-event. Itron operates in over 100 countries, providing critical infrastructure solutions for utilities and cities.
Itron, Inc. (NASDAQ: ITRI) will release its financial results for the quarter ended June 30, 2021, before the market opens on Thursday, August 5, 2021. The press release and financial statements will be available at investors.itron.com at 8:30 a.m. EDT, followed by a management conference call at 10 a.m. EDT. Interested parties can access the conference call via a live webcast, with a replay available until August 10, 2021.
Itron, Inc. (NASDAQ: ITRI) has integrated Grid4C's Grid Edge AI application into its ecosystem of distributed intelligence (DI) applications, enhancing utility management of energy and water. The AI app, to be available via the Itron Enterprise Application Center later this year, offers predictive insights for balancing supply and demand, optimizing distributed energy resources (DER), and boosting customer engagement. Grid4C's app utilizes advanced algorithms for diagnostics and forecasting, contributing to enhanced energy efficiency and sustainability goals.
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