Itron Inc Stock Price, News & Analysis

Itron, Inc. (NASDAQ: ITRI) released its 2021 Resourcefulness Insight Report, highlighting the critical need for modernizing energy infrastructure to enhance grid resilience amid climate disruption. Key findings from 500 utility executives and consumers across five countries indicate that integrating renewables and upgrading aging infrastructure are top concerns. While 88% of utility executives fear natural disasters affecting the grid, consumers express greater worry about immediate challenges. The report also notes the pandemic's impact on technology investments, emphasizing the urgency for government infrastructure bills.

Itron, Inc. (NASDAQ: ITRI) will host its Investor Day 2021 virtually on October 5, 2021, at 9:30 a.m. EDT. The event is part of Itron Inspire 2021 and will feature insights from CEO Tom Deitrich and CFO Joan Hooper. Attendees can expect updates on the company's long-term strategy and technology roadmap. This decision comes amid rising concerns over the COVID-19 delta variant. The live webcast and a replay will be available on Itron's Investor Relations website.

Itron (NASDAQ: ITRI) has announced the Itron Inspire 2021 virtual event, scheduled for Oct. 4-8, 2021, due to concerns over the COVID-19 Delta variant. This customer-centric event will focus on energy, water, and IIoT innovations. Key sessions include a discussion on industry transformation led by Itron's CEO and a session on decarbonization strategies. Additional topics encompass grid resilience, cybersecurity, and data management solutions. The event aims to foster collaboration among utility leaders and address pressing industry challenges.

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.