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) regularly issues news about how it helps utilities and cities manage energy, water and city services with intelligent infrastructure solutions. Company announcements highlight deployments of smart water technologies, advanced metering infrastructure, smart lighting systems and grid-edge intelligence tools that support more efficient and resilient operations.
Investors and industry followers can use this ITRI news feed to track updates on Itron’s work with utilities and municipalities, including projects that involve smart water meters, meter data management platforms, cloud-based data collection solutions and smart city applications such as networked lighting. Releases also cover Itron’s role in supporting distributed energy resources and virtual power plant participation through grid-edge and low-voltage management technologies.
Itron’s news often includes information about collaborations with utilities and partners in regions such as North America, Europe and Australia, as well as insights from its research on topics like grid-edge intelligence and the use of artificial intelligence by utilities. The company also reports on financial results, share repurchase authorizations and agreements to acquire software and services businesses that serve the utility sector.
By following ITRI news, readers can see how Itron’s Device Solutions, Networked Solutions and Outcomes segments are reflected in real-world deployments and corporate developments. This page aggregates press releases and market updates so users can monitor Itron’s projects, strategic agreements and resource-management initiatives over time.
Itron (NASDAQ: ITRI), a leader in energy and water resource management, announced participation in two upcoming investor conferences. On May 23, 2024, at the TD Cowen 2nd Annual Sustainability Week, John Marcolini, SVP of Networked Solutions, will join a virtual fireside chat at 12:25 p.m. EDT. On June 17, 2024, CEO Tom Deitrich will represent Itron at the J.P. Morgan 2024 Energy, Power & Renewables Conference in New York, engaging in a fireside chat and investor meetings. These events highlight Itron's commitment to sustainability and investor engagement.
Itron, Inc. (NASDAQ: ITRI) reported strong first-quarter financial results for 2024. Revenue increased by 22% to $603 million, with a gross profit of $205 million, GAAP net income of $52 million, and GAAP diluted EPS of $1.12. Non-GAAP diluted EPS was $1.24, adjusted EBITDA was $76 million, and free cash flow was $34 million. The company highlighted growth in all segments, especially in Networked Solutions and Device Solutions, resulting in a positive outlook for the future.
Itron, Inc. enhances its Temetra® platform in Australia and New Zealand by adding NB-IoT communications, enabling water utilities to streamline operations and maximize business value. The platform provides comprehensive meter data processing, analytics, and validation, allowing utilities to remotely read water meters, reduce costs, and prioritize maintenance. Temetra supports various communication protocols, providing utilities with interoperability and flexibility for digital transformation.
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