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. has launched Itron Smart Pay in North America, a Software as a Service (SaaS) solution enabling utilities to offer flexible billing and payment options to customers. With over 20 million prepay endpoints globally, this initiative aims to enhance customer engagement and satisfaction by allowing real-time energy consumption tracking. The solution, in partnership with PayGo, leverages advanced technology for efficient debt recovery and improved user experience. This program is timely, supporting customers affected by the COVID-19 pandemic.
Itron reported a revenue of $487 million for Q3 2021, down 10% from the previous year due to component constraints. However, gross margin improved to 27.7%, up 120 basis points. The net loss shrank to $(2) million from $(25) million in 2020, with a loss per share of $(0.04). Non-GAAP diluted EPS was $0.21, down from $0.61. Itron's total backlog grew to $3.4 billion. Additionally, a new share repurchase program of up to $100 million was authorized. The company’s strategy includes the acquisition of SELC and a restructuring project following the sale of certain business segments.
Itron, Inc. (NASDAQ: ITRI) has agreed to sell its global gas regulator and European commercial & industrial gas metering businesses to Dresser Utility Solutions. The transaction, expected to close in the first half of 2022, is subject to customary conditions. Dresser's CEO noted the acquisition will broaden their product offerings and global presence. Itron anticipates this adjustment will help them concentrate on innovative solutions for utilities, enhancing their core capabilities while transitioning affected employees to Dresser's workforce.
Itron, Inc. (NASDAQ: ITRI) will release its financial results for the quarter ended September 30, 2021, on November 4, 2021, before market opening. The press release and financial statements will be available on the company's investor relations website at 8:30 a.m. EDT, followed by a management conference call at 10 a.m. EDT. Interested parties can access the live webcast and supplemental presentation from the company’s website. A telephone replay of the call will be available until November 9, 2021.
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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.