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.
News
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Itron, Inc. (NASDAQ: ITRI) collaborates with Lightwell to provide Fluvius, the largest Belgian grid operator, with a smart street lighting solution to upgrade over 1 million streetlamps with LED technology by 2028. The solution aims to reduce CO2 emissions, lower energy consumption, and increase operational efficiencies. Itron's smart street lighting solution includes streetlight controls, intelligent connectivity, and central management software, while Lightwell's Luxis streetlight luminaires will be managed via Itron's Streetlight.Vision (SLV) software application. The benefits of Itron's SLV solution include automated asset management, flexible scheduling, rapid failure detection, and utility-grade metering data. Through Itron's platform, Fluvius can enable dimming of the Lightwell LED streetlights for additional energy savings.
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Itron, Inc. (NASDAQ: ITRI) is expanding production of the Aquadis+ volumetric water meter to Southeast Asia, specifically to Itron's manufacturing facility in Cikarang, Indonesia. This expansion aims to better serve Itron customers and meet the growing demand for the meter in Asia Pacific countries. The Aquadis+ meter is designed for long-term performance and high accuracy in measuring water volumes. It also protects utilities' revenue, enhances customer service, and reduces environmental impact. The local production in Southeast Asia will improve delivery time, minimize environmental impact, and increase pricing adaptability for Itron's customers in the region.
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Itron, Inc. (NASDAQ: ITRI) will release financial results for Q4 and full year 2023 on Feb. 26, 2024. The press release and financial statements will be available on the company’s website. A management conference call will follow to discuss the results, with a live webcast and webcast replay available.
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Itron, Inc. (NASDAQ: ITRI) Joins Green Button Alliance to Empower Consumers and Support Decarbonization Efforts
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Itron, Inc. (NASDAQ: ITRI) announced its financial results for Q3 2023, with revenue of $561 million, a 33% increase compared to Q3 2022. Gross profit increased by 56% to $187 million. GAAP net income was $40 million, a $36 million increase, and GAAP diluted earnings per share were $0.87, a $0.78 increase. Non-GAAP diluted EPS was $0.98, a $0.75 increase. Adjusted EBITDA increased by 181% to $68 million. Free cash flow increased by $18 million to $28 million. Total backlog increased by 3% to $4.3 billion.
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Itron, Inc. (NASDAQ: ITRI) will participate in upcoming conferences: Baird Global Industrial Conference on Nov. 8, 2023, and Stephens Annual Investment Conference on Nov. 16, 2023.
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Itron, Inc. announced that Tampa Electric Company (TECO) is the winner of the 2023 Itron Innovator Award for leveraging Itron's partner ecosystem. TECO was recognized for its Smart Cities and Load Management programs, including the upgrade of over 200,000 streetlights to energy-efficient LED technology. TECO also utilizes Itron products for its Electric Vehicle distributed intelligence project.
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Itron, Inc. is launching Itron Enterprise Edition (IEE) Settlements, an advanced settlements solution for utilities globally. The module provides visibility into the entire energy market, addressing complexities from distributed energy resources. It offers real-time data integration, automated settlement calculations, customized reporting, scalability, regulatory compliance, and enhanced security.
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Itron, Inc. has released its 2023 Resourcefulness Insight Report on the challenges and opportunities of the energy transition. The report reveals that utilities and regulators embrace the transition, with 88% of utility executives saying it is extremely or very important. Utilities are actively implementing plans to address the transition, with 45% in the implementation stage. Key findings include public demand as the top driver of the energy transition, infrastructure upgrades and grid modernization as top technology priorities, and the need for stakeholder education.
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Itron and Alectra are partnering to modernize and improve Alectra's electric distribution grid performance. Alectra will deploy Itron's Gen5 Riva meters, IIoT network solution, and utility management software suite to collect and manage electricity consumption data. This will enable real-time decision making and support next-generation applications like enhanced outage detection and electric vehicle management.
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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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