Itron Inc Stock Price, News & Analysis

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.

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.