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 (ITRI) delivers critical infrastructure technology for global energy and water management. This news hub provides investors and industry professionals with centralized access to official press releases, financial disclosures, and strategic updates directly from the company.
Track developments across Itron's core operations including smart grid deployments, IIoT solutions for utilities, and advanced analytics platforms. Our curated news collection covers earnings announcements, product innovations, strategic partnerships, and regulatory updates that shape the company's market position.
Key content categories include quarterly financial results, technology patent filings, infrastructure project wins, and executive leadership changes. Bookmark this page for real-time updates on Itron's contributions to sustainable resource management and smart city ecosystems worldwide.
Itron (NASDAQ: ITRI) announced an underwritten public offering of $350 million in common stock, with an option for underwriters to purchase an additional $52.5 million. The proceeds will be used to repay outstanding term loans and cover offering expenses. Additionally, Itron initiated a private offering of $400 million in convertible notes due 2026, potentially increasing to $460 million if options are fully exercised. J.P. Morgan and Wells Fargo will manage the offerings. The closing of the offerings is independent of one another.
Itron, Inc. (NASDAQ: ITRI) announced a private offering of $400 million in convertible senior notes due 2026, with an option for an additional $60 million. Parallelly, they announced a registered public offering of $350 million of common stock, potentially rising to $402.5 million. The proceeds from the convertible notes will partially fund hedge transactions and redeem existing 5.00% senior notes due 2026. Both offerings are independent, and details on interest rates and conversion rates will be determined at pricing.
Itron, Inc. (NASDAQ:ITRI) reported its financial results for Q4 and the full year ended December 31, 2020, highlighting quarterly revenue of $525 million and a full year total of $2.2 billion. The gross margin was 28.3% for the quarter and 27.7% for the year. The company experienced a GAAP net income of $22 million in Q4, contrasting with a net loss of $58 million for the full year. Itron's backlog reached $3.3 billion, fueling optimism as they enter 2021 with significant growth in endpoints under management and Distributed Intelligent Riva® meters deployed.
Itron, Inc. (NASDAQ: ITRI) will host its first virtual Itron Utility Week (IUW) for leaders in Europe, the Middle East, and Africa (EMEA) on March 16-17, 2021. The event aims to connect industry experts to tackle challenges and innovate solutions in energy and water management. Keynote speakers include Itron's CEO, Tom Deitrich, and vice president of Sales, Andrew Jones. The event offers free registration and will feature breakout sessions on technology trends and best practices. It will take place online with multilingual support. For more details, visit itron.com/iuwemea.
On February 17, 2021, Bsquare Corporation (NASDAQ: BSQR) and Itron (NASDAQ: ITRI) announced an expansion of their business collaboration to enhance Itron's distributed intelligence (DI) app store using Bsquare's device management software. This partnership aims to deliver innovative applications for Itron's customers, facilitating near real-time insights and local control over energy and water management systems. Both companies highlighted the significance of this collaboration in bringing advanced IoT solutions to the market.
Itron, Inc. (NASDAQ: ITRI) has signed a contract with Floresti Communal Services in Moldova to implement its Water Operations Management (WOM) solution. This deployment includes low-power network systems and smart water meters aimed at enhancing operational efficiency and conserving water. Itron's technology will facilitate pressure management, data analysis, and reduce non-revenue water (NRW) loss. With improved visibility and water intelligence, Floresti aims to ensure quality water delivery and modernize its operations, ultimately contributing to more sustainable water resource management.
Itron, Inc. (NASDAQ: ITRI) announced that Versant Power will implement Itron's multi-purpose solution, including over 160,000 advanced meters and an IoT network, to modernize its electricity grid in Maine. Project activities will commence in 2021, with meter installations starting in 2022. This deployment aims to enhance data management, analytics, and operational efficiency, resulting in improved customer experiences and outage management capabilities. Itron's solution is expected to support Versant Power's commitment to making electricity more accessible and affordable for its nearly 160,000 customers.
Itron, Inc. (NASDAQ: ITRI) announces the release of its financial results for Q4 and the full year ending Dec. 31, 2020, scheduled for Feb. 24, 2021, before market opening. The financial statements will be accessible on Itron's investor website at 8:30 a.m. EST, followed by a management conference call at 10 a.m. EST to discuss the results. A live webcast will be provided for interested parties, with a replay available until Mar. 1, 2021. Itron serves over 100 countries, offering solutions for energy and water management.
Itron (NASDAQ: ITRI) has announced a partnership with Pacific Northern Gas (N.E.) to implement its Automated Meter Reading (AMR) solution, utilizing 500G Encoder Receiver Transmitters. This deployment aims to enhance the safety, efficiency, and reliability of natural gas delivery to 22,000 customers. The AMR solution will allow for remote meter reading, improving accuracy and operational efficiency while ensuring employee safety. PNG(NE) aims to meet customer energy needs reliably and efficiently through this modernized approach.
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