Itron Inc Stock Price, News & Analysis

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.

Itron, Inc. (NASDAQ: ITRI) wrapped up its Itron Utility Week (IUW) event, which saw record attendance of over 1,500 registrants from 375 utilities and 70 cities. The virtual event, held from Oct. 27-29, focused on empowering innovation in the utility and smart city space. Itron also announced a name change for IUW to Itron Inspire, reflecting its broader focus beyond utilities. The next event is scheduled for Palm Desert, California, from Oct. 1-8, 2021.

Itron, Inc. (NASDAQ:ITRI) reported its third quarter results for 2020, revealing a revenue decrease of 13% to $540 million, down from $624 million in Q3 2019. The company faced a GAAP net loss of $(25) million, equating to a loss per share of $(0.63), compared to a profit of $17 million or $0.42 per share last year. Gross margin dropped to 26.5% from 31.5%, while non-GAAP diluted EPS fell to $0.61 from $1.04. Total backlog decreased to $2.8 billion, and free cash flow improved to $38 million. Despite challenges from COVID-19, Itron remains focused on innovation and customer support.

Itron (NASDAQ: ITRI) announced the deployment of over 350,000 smart meters by New Brunswick Power (NB Power) to modernize its electricity grid. This initiative is part of NB Power's smart grid program aimed at enhancing grid efficiency and reliability. The project recently received regulatory approval and is set to commence later this year. The deployment will improve customer service, reduce non-technical losses, and enable real-time data analysis for better risk management and outage response.

Itron, Inc. (NASDAQ: ITRI) announced its financial results for the third quarter ending September 30, 2020, scheduled for release on November 2, 2020. The results will be available on the company's investor relations website at 8:30 a.m. EST, followed by a management conference call at 11 a.m. EST. Interested parties can access the call via a live webcast, with a replay available until November 7, 2020. Itron provides critical infrastructure solutions for utilities and cities globally, promoting resource management for electricity, gas, and water.

On October 5, 2020, Itron announced that the New York State Public Service Commission has approved its 550G Gas Encoder Receiver Transmitter (ERT) module for use in New York's gas utilities. Designed for compliance with state regulations, this module features Advanced Meter Reading (AMR) and Advanced Metering Infrastructure (AMI) technologies. Con Edison will deploy these modules to enhance their IoT network, allowing for on-demand readings and improved gas delivery services. The 550G ERT is available commercially, adding to Itron's leading portfolio of over 75 million AMR/AMI modules.