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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.
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Itron, Inc. (NASDAQ:ITRI) reported strong financial results for the fourth quarter and full year of 2023, with revenue reaching $577 million and $2.2 billion, marking a 23% and 21% increase, respectively. The company's gross profit rose by 39% and 37%, reaching $196 million and $714 million for the quarter and full year. GAAP net income attributable to Itron, Inc. saw a significant increase to $44 million and $97 million, with GAAP diluted earnings per share reaching $0.96 and $2.11. Non-GAAP diluted EPS also increased to $1.23 and $3.36. Adjusted EBITDA and free cash flow showed substantial improvements, reflecting the company's operational efficiency and strong performance.
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Itron, Inc. and The Mobility House introduce the Fast & Flexible Interconnect (FIX) program to facilitate reliable charging of electric vehicle (EV) fleets in constrained distribution systems. The program aims to address interconnection delays and infrastructure challenges associated with EV fleet electrification, offering cost-effective and rapid solutions. With the increasing adoption of electric vehicles, the FIX program combines Itron's Grid Edge Intelligence solutions and The Mobility House's ChargePilot system to optimize EV charging management. Three program strategies are offered to meet varying utility goals: Passive, Active, and Dynamic approaches. The FIX program enables utilities to manage EV fleets efficiently, exceed electric panel board capacity safely, and plan infrastructure upgrades effectively.
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Itron, Inc. (NASDAQ: ITRI) and GE Vernova collaborate to enhance grid data management for utilities, aiming to create a more reliable grid for end users. They plan to integrate data fabric technology to provide real-time data insights for grid operators.
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Itron, Inc. (ITRI) and Schneider Electric collaborate to digitalize supply and demand management for utilities, enhancing grid flexibility and efficiency. The partnership aims to optimize grid planning and operations by integrating intelligent grid and distributed energy resource solutions. By leveraging data generated at the grid's edge, utilities can increase grid capacity and defer infrastructure investments, benefiting from actionable insights. The collaboration focuses on delivering value across asset management, grid planning, operations, and DER management, supporting the energy transition towards distributed energy resources.
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Itron, Inc. (ITRI) introduces Itron Enterprise Edition (IEE) Cloud, an enterprise-grade Meter Data Management platform on Microsoft Azure, designed to aid utilities in their digitalization journey. IEE Cloud enhances operational visibility, agility, and flexibility for utilities, providing pre-built industry content and business use cases. It offers scalability, security, and cost savings over on-premises solutions, enabling utilities to focus on strategic initiatives.
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Itron, Inc. (NASDAQ: ITRI) will participate in upcoming conferences like Raymond James & Associates’ 43rd Annual Institutional Investors Conference and Piper Sandler 24th Annual Energy Conference. Tom Deitrich and Don Reeves will represent Itron in various sessions.
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Itron, Inc. (NASDAQ: ITRI) integrates Microsoft Azure OpenAI Service into its data-driven Outcomes solutions, enhancing utility customers' user experience and decision-making processes.
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Itron, Inc. presents its Grid Edge Intelligence portfolio at DISTRIBUTECH International, offering utilities innovative solutions to manage energy challenges. The portfolio enhances grid capacity by 20%, optimizes existing assets, and reduces operating costs. Itron's solutions provide real-time control and visibility for utilities, empowering them to balance supply and demand efficiently.
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Itron, Inc. (NASDAQ: ITRI) unveils a new brand identity emphasizing its commitment to creating a more resourceful world by enhancing intelligence in energy and water management. The company aims to drive sustainability, efficiency, and innovation in the energy, water, and smart city sectors through its advanced Industrial Internet of Things (IIoT) solutions.
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Itron, Inc. (NASDAQ: ITRI) announced the availability of Itron Enterprise Edition Meter Data Management (MDM) in the Microsoft Azure Marketplace. This allows utilities to leverage the Azure cloud platform for data management, offering benefits like real-time data collection, meter data quality, reporting and analytics, operational efficiencies, and improved customer satisfaction.
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FAQ
What is the current stock price of Itron (ITRI)?
The current stock price of Itron (ITRI) is $109.02 as of December 20, 2024.
What is the market cap of Itron (ITRI)?
The market cap of Itron (ITRI) is approximately 4.9B.
What does Itron Inc. do?
Itron Inc. provides solutions for measuring, managing, and analyzing energy and water use, serving communities in over 100 countries.
What are Itron's main business segments?
Itron operates through three segments: Device Solutions, Networked Solutions, and Outcomes.
How does Itron help improve water management?
Itron's Pipe Asset Management Software uses data and AI to identify and prioritize pipe replacements, reducing water loss and ensuring safe delivery.
What is included in Itron's Networked Solutions segment?
The Networked Solutions segment includes communicating devices, network infrastructure, and application software designed as complete solutions.
Where can I find more information about Itron's products and services?
More information is available on Itron's official website at www.itron.com.
Who can benefit from Itron's solutions?
Utilities and cities globally use Itron's solutions to efficiently manage energy and water resources.
What recent projects has Itron been involved in?
One of Itron's recent projects is the Pipe Asset Management Software, which helps utilities manage and replace water pipes using AI.
How does Itron ensure the safe delivery of drinking water?
Itron's solutions include AI tools for identifying and replacing lead pipes, ensuring the safe delivery of drinking water.
What innovations has Itron introduced in the field of energy management?
Itron offers smart networks, meters, and sensors that enhance the efficiency and reliability of energy management.
How can I contact Itron for investor relations?
For investor relations, you can contact Paul Vincent, Vice President, at (512) 560-1172 or David Means, Director, at (737) 242-8448. Their email is investors@itron.com.
Itron Inc
Nasdaq:ITRI
ITRI Rankings
ITRI Stock Data
4.85B
44.52M
1.23%
112.44%
6.79%
Scientific & Technical Instruments
Instruments for Meas & Testing of Electricity & Elec Signals
United States of America
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