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, Inc. (NASDAQ: ITRI) will announce its fourth quarter and full year financial results for the period ending Dec. 31, 2022 on Feb. 27, 2023, prior to market opening. The release will be accessible on its website at 8:30 a.m. EST, followed by a management conference call at 10 a.m. EST. Interested listeners can join the live webcast and pre-register through the company’s events page. A replay of the conference call will be available until Mar. 4, 2023.
Itron (NASDAQ: ITRI) has partnered with Qatar District Cooling Company to enhance its thermal energy operations by upgrading its meter data management (MDM) solution. The updated EMMSYS MDM will improve efficiency and customer satisfaction through enhanced data analysis and a user-friendly interface. This upgrade includes the deployment of 25,000 Itron thermal energy meters. The collaboration aims to optimize Qatar Cool's cooling systems, further reducing their carbon footprint.
Itron, Inc. (NASDAQ: ITRI) has signed a contract with Gainesville Regional Utilities to modernize its infrastructure using Itron’s IIoT network solutions. The project includes smart water and gas communication modules, along with electric smart meters, aimed at improving operational efficiency and data accuracy. Daily electronic data collection will reduce costs and enhance customer service, providing online access for usage monitoring. This initiative aligns with GRU’s commitment to enhance customer experience and pave the way for future smart city applications.
Itron, Inc. (NASDAQ: ITRI) is collaborating with Baltimore Gas & Electric (BGE) to deploy 260,000 smart streetlights, enhancing energy efficiency and community safety. Utilizing its IIoT network, Itron's smart lighting solution allows for real-time failure detection and maintenance alerts. BGE aims to improve its lighting infrastructure and public safety through this initiative, which incorporates Itron’s Streetlight.Vision Central Management System and other technologies. The project is set to be completed by 2026, showcasing Itron's scalable platform and its ongoing relationship with BGE.
Itron, Inc. (NASDAQ: ITRI) has launched the Intelis gFlex prepayment gas meter, enhancing revenue assurance for utilities while improving consumer experience. This innovative meter combines ultrasonic solid-state technology with 30 years of Itron’s prepayment expertise. Available in regions including EMEA, Latin America, and Asia Pacific, it offers options for payment methods and enhanced data management. Key features include superior durability, low maintenance costs, and the capacity for real-time consumption tracking, making it a significant advancement in utility management.
Itron, Inc. (NASDAQ: ITRI) announced that Singapore’s national water agency, PUB, is utilizing SP Group’s industrial IoT network for a smart water metering initiative. This program aims to connect 300,000 smart water meters to enhance water conservation efforts. The deployment, part of PUB's Smart Water Meter Program, will allow for remote daily meter readings, improving user control over consumption. John Marcolini, Itron's SVP, highlighted the project's potential to meet conservation goals and leverage the capabilities of Itron's IoT network.
Itron, Inc. (NASDAQ:ITRI) reported a third-quarter revenue of $421 million, down 14% year-over-year, primarily due to strategic divestitures and component shortages. Gross margin improved to 28.5%, up 80 basis points. The company posted GAAP net income of $4 million ($0.09 per diluted share), a turnaround from a net loss of $(2) million last year. Total backlog reached a record $4.2 billion. The fourth-quarter outlook anticipates revenue of $420 million to $460 million and non-GAAP EPS of $0.00 to $0.15 amid ongoing supply chain challenges.
Itron, Inc. (NASDAQ: ITRI) announced its financial results release for Q3 2022 on Nov. 3, 2022, prior to market opening. Investors can access the results and accompanying financial statements on the company’s website at https://investors.itron.com at 8:30 a.m. EDT, followed by a management conference call at 10 a.m. EDT. A replay of the call will be available until Nov. 8, 2022. Itron provides critical infrastructure solutions for utilities and cities globally, enhancing resource management.
Itron, Inc. (NASDAQ: ITRI) has appointed Mary Hemmingsen to its board of directors effective October 7. She brings over 30 years of experience in finance and utilities, having held leadership roles at KPMG and BC Hydro. Hemmingsen's expertise in strategy, risk, and ESG integration is expected to enhance company performance and shareholder value, according to company executives. Her previous board experience includes positions at various energy organizations, which complements Itron’s mission to innovate utility management.
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.