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. develops intelligent infrastructure for utilities and cities that measure, manage and analyze energy, water and city services. Company news commonly covers grid edge intelligence, advanced metering infrastructure, communicating endpoints, network infrastructure, headend software and analytics used across electric, gas and water deployments.
Recurring updates include quarterly results, segment activity in Device Solutions, Networked Solutions, Resiliency Solutions and Outcomes, and customer deployments such as distributed energy resource management for low-voltage networks. Itron also reports product expansions for UtilityIQ, cellular gas and water modules, AI-enabled distributed intelligence, education and sustainability programs, and capital-structure actions such as convertible senior notes.
Itron, Inc. (NASDAQ: ITRI) has appointed Mary Hemmingsen to its board of directors effective October 7. She brings over 30 years of experience in finance and utilities, having held leadership roles at KPMG and BC Hydro. Hemmingsen's expertise in strategy, risk, and ESG integration is expected to enhance company performance and shareholder value, according to company executives. Her previous board experience includes positions at various energy organizations, which complements Itron’s mission to innovate utility management.
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.
Summary not available.
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.