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, Inc. (NASDAQ: ITRI) is partnering with Severn Trent Water to deploy 157,000 smart water meters in Warwickshire, England, as part of the Green Recovery Program. This advanced metering infrastructure aims to enhance leak detection and optimize water consumption management. Equipped with Cyble multi-connectivity communication modules, the meters will provide accurate water volume measurements and real-time monitoring. The deployment is underway and aligns with sustainability goals, contributing to the development of an intelligent water infrastructure in the area.
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Itron, Inc. (NASDAQ: ITRI) and SmartThings, Inc. are collaborating to enhance the energy management experience for utilities and consumers. This partnership will integrate Itron’s industrial IoT network solution with SmartThings’ services to provide real-time energy data, thereby improving energy management and reducing carbon footprints. Key benefits include enhanced consumer engagement, improved utility program enrollment, and innovative data sharing capabilities. Itron aims to enable consumers to optimize their energy usage with connected smart devices.
Itron, Inc. (NASDAQ: ITRI) released its 2022 Resourcefulness Insight Report, highlighting that 90% of utility executives find data analytics vital for reliable service amidst extreme weather and EV adoption. Half of consumers are willing to pay up to 7% more for personalized insights that help manage energy costs. The report, based on surveys from 600 utility executives and 600 consumers across 5 countries, identifies improving efficiency and resilience as key priorities. It emphasizes the growing importance of data in transforming utility services and enhancing customer experiences.
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.