Itron Inc Stock Price, News & Analysis

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.

Itron, Inc. (NASDAQ: ITRI) collaborates with the Sevier County Utility District (SCUD) to implement its AMI Essentials for Gas, deploying 15,000 Cellular 500G Gas Modules and Temetra for enhanced gas meter management. This initiative aims to improve operational efficiency and safety in SCUD’s gas distribution system in Tennessee over the next two years. The solution facilitates better data visibility, supports cloud-based data management, and ensures accurate meter reads, ultimately enhancing customer service and fostering future growth for SCUD.

Itron, Inc. (NASDAQ: ITRI) has secured a contract with Energy Queensland to implement Temetra, a cloud-based mobile meter data management solution, for 2.3 million electric meters. This technology enhances operational efficiency, route optimization, and customer engagement by allowing real-time data collection and analytics. The system also ensures employee safety through hazard alerts and GPS integration for route management, positioning utilities for future growth and improved service delivery.

Itron, Inc. (NASDAQ: ITRI) announced the upcoming Itron Inspire APAC 2022, a virtual customer event scheduled for July 26-27, 2022. The event aims to unite utilities, cities, and industry leaders to discuss trends, share insights, and address challenges within the energy and water management sector. Featuring keynotes, breakout sessions, and a product showcase, the event will be available at no charge. Content will remain accessible on-demand until August 24, 2022.

Itron, Inc. (NASDAQ: ITRI) announces its flagship event, Itron Inspire 2022, set for Sept. 23-30, 2022, at the JW Marriott Island Beach Resort in Marco Island, FL. This customer-focused conference aims to connect industry experts in energy, water, IIoT, and smart city communities, offering in-person and livestreamed sessions. The agenda includes training, keynotes, and networking opportunities. Registration is currently open, with further details to be released closer to the event.