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 (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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