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 (ITRI) delivers critical infrastructure technology for global energy and water management. This news hub provides investors and industry professionals with centralized access to official press releases, financial disclosures, and strategic updates directly from the company.
Track developments across Itron's core operations including smart grid deployments, IIoT solutions for utilities, and advanced analytics platforms. Our curated news collection covers earnings announcements, product innovations, strategic partnerships, and regulatory updates that shape the company's market position.
Key content categories include quarterly financial results, technology patent filings, infrastructure project wins, and executive leadership changes. Bookmark this page for real-time updates on Itron's contributions to sustainable resource management and smart city ecosystems worldwide.
Itron, Inc. (NASDAQ:ITRI) reported Q2 2021 results with revenue of $489 million, down 4% year-over-year, primarily due to component constraints impacting $40-$50 million. Gross margin improved to 30.6%, and GAAP net loss narrowed to $(33) million or $(0.73) per share. Non-GAAP EPS rose to $0.28. Free cash flow surged to $64 million, with total backlog reaching a record $3.5 billion. However, the company revised 2021 guidance, projecting revenue of $2.05 to $2.15 billion, down from $2.23 to $2.33 billion, reflecting ongoing supply chain issues.
Itron, a leader in energy and water management solutions, has announced that CEO Tom Deitrich and CFO Joan Hooper will present at Oppenheimer’s 24th Annual Technology, Internet and Communications Conference on August 10, 2021, at 1:15 p.m. EDT, followed by Canaccord Genuity’s 41st Annual Growth Conference on August 11, 2021, at 1:30 p.m. EDT. Both presentations will be accessible via Itron’s Investor Relations website, with replays available for 30 days post-event. Itron operates in over 100 countries, providing critical infrastructure solutions for utilities and cities.
Itron, Inc. (NASDAQ: ITRI) will release its financial results for the quarter ended June 30, 2021, before the market opens on Thursday, August 5, 2021. The press release and financial statements will be available at investors.itron.com at 8:30 a.m. EDT, followed by a management conference call at 10 a.m. EDT. Interested parties can access the conference call via a live webcast, with a replay available until August 10, 2021.
Itron, Inc. (NASDAQ: ITRI) has integrated Grid4C's Grid Edge AI application into its ecosystem of distributed intelligence (DI) applications, enhancing utility management of energy and water. The AI app, to be available via the Itron Enterprise Application Center later this year, offers predictive insights for balancing supply and demand, optimizing distributed energy resources (DER), and boosting customer engagement. Grid4C's app utilizes advanced algorithms for diagnostics and forecasting, contributing to enhanced energy efficiency and sustainability goals.
Itron (NASDAQ: ITRI) has signed a contract with United Utilities to implement Temetra, its cloud-based meter management solution. This deployment will allow United Utilities to read 1.6 million meters, improving water delivery and operational efficiency in northwest England. Temetra features mobile integration, automated meter reading, and secure cloud storage of meter data. Additionally, its advanced functionalities will enhance customer engagement and streamline work assignments for meter readers.
Itron (NASDAQ: ITRI) has launched the nomination process for its third annual Itron Innovator Award, aimed at recognizing customers who excel in innovation through the use of Itron’s partner enablement programs. The award will be given at Itron Inspire 2021, taking place virtually and in Palm Desert, California, from Oct. 1-8, 2021. Eligible nominations must showcase implemented solutions that effectively integrate with Itron technology and deliver quantifiable outcomes. The deadline for submissions is Aug. 13, 2021.
Itron (NASDAQ: ITRI) has successfully launched a grid-interactive water heater program for Fort Collins Utilities, benefiting over 75,000 customers in Colorado. This initiative connects electric and heat-pump water heaters to utilize excess renewable energy. Customers can save up to 15-20% on electric costs by pre-heating water during non-peak times. Itron's DERM solution, IntelliSOURCE, supports this program by enhancing demand response capabilities, while also integrating OpenADR and CTA-2045 components for better grid management.
Itron, Inc. (NASDAQ: ITRI) announced its annual event, Itron Inspire 2021, scheduled for Oct. 1-8, 2021, in Palm Desert, CA, and virtually. This hybrid conference aims to gather industry leaders from energy, water, and IoT sectors to discuss technological advancements and best practices. The event features keynotes, breakout sessions, and networking opportunities. Registration begins in July, with a commitment to follow COVID-19 safety guidelines. Itron continues to focus on enhancing customer engagement and promoting resource management solutions.
Itron, Inc. (NASDAQ: ITRI) announced the SAP certification of its ISAIM 2.0 interface for the Itron Enterprise Edition™ Meter Data Management System (MDMS) version 10.0. This integration with SAP S/4HANA aids utilities in reducing implementation costs and total ownership expenses, providing access to over 80 certified services. Itron’s partnerships with SAP have lasted over 15 years, with existing customers utilizing over 25 million endpoints. The IEE MDMS is recognized as a leading solution globally, supporting utilities in managing energy and water resources efficiently.
Itron (NASDAQ: ITRI) announced its 2020 Environmental Social Governance (ESG) Report, focusing on efforts to enhance sustainability and resource efficiency. The company prioritized employee and customer safety during the COVID-19 pandemic, adjusting operations accordingly. The report outlines initiatives in four key areas: Environmental Stewardship, which aims to reduce carbon footprint; Community Involvement through digital transformation; Inclusion and Diversity through new leadership; and Shareholder Advocacy emphasizing transparency. The full report is available at www.itron.com/esg.