Itron (ITRI) Stock News

Itron (NASDAQ: ITRI) has released its 2024 Corporate Sustainability Report, showcasing significant progress in environmental, social, and governance initiatives. The company completed its first Double Materiality Assessment to align sustainability priorities with stakeholder expectations. Notable achievements include helping customers avoid 7.5 million metric tons of greenhouse gas emissions, reducing Scope 1 and 2 emissions by over 50% since 2019, and achieving 100% ISO 14001 certification across manufacturing facilities. Itron demonstrated strong employee satisfaction with 95% retention intent and invested over $1 million in corporate philanthropy. The company maintained high ESG credibility with an "AA" MSCI rating and "Low Risk" designation from Sustainalytics, while ensuring 100% employee completion of Code of Conduct training and maintaining nearly 90% board independence.

Itron (NASDAQ: ITRI) is expanding its Cyble 5 communications module to the Asia-Pacific market, following successful deployment in EMEA with over 2 million units shipped. The module transforms mechanical water meters into smart communication devices, enabling automated meter reading without replacing existing infrastructure. Production will begin in Q4 2025 at PT Mecoindo in Cikarang, Indonesia. The Cyble 5 module features hourly data collection, continuous flow alarm for leak detection, and robust construction to withstand extreme environmental conditions. This technology has proven effective in water conservation, with customers like Severn Trent Water significantly reducing water losses through improved leak detection. The module's easy-to-install design allows utilities to modernize their infrastructure gradually while addressing regional challenges such as water scarcity in Australia and New Zealand.

Itron (NASDAQ: ITRI) has opened nominations for its 7th annual Itron Innovator Award, which recognizes utility and city customers who leverage Itron's partner enablement program for innovative resource management solutions. The winner will be announced at Itron Inspire 2025 in Orlando, Florida (October 24-30). Nominations are due by June 30, 2025.

The 2024 award recipient was Hydro One, Ontario's largest electricity provider, recognized for implementing Itron's Distributed Intelligence applications and Distribution Automation solutions in their grid modernization initiatives. Eligible nominations must demonstrate successful integration with Itron solutions and be either in pilot phase, deployed, or showing measurable results.

Itron (NASDAQ: ITRI) has introduced its new Solar Battery Access Point (Solar Battery AP), a solar-powered device designed to provide network connectivity for gas and water utilities where traditional mesh networks are unavailable. Set to launch in North America in H2 2025, this innovation addresses key infrastructure challenges by enabling utilities to mount devices on their own assets, eliminating the need for expensive tower or utility pole infrastructure.

The device features a rechargeable power management system with integrated solar panels, offers cost-effective deployment by avoiding infrastructure agreements, and is designed to last up to 20 years in the field. The Solar Battery AP delivers low-latency, battery-powered mesh networking, making the transition from AMR to AMI networks more accessible for utilities while optimizing total ownership costs.

Itron (NASDAQ: ITRI) has achieved a significant milestone with the delivery of its 3 millionth Intelis gas meter to Peoples Natural Gas, Pennsylvania's largest natural gas distributor. The Intelis meter, North America's lightest residential gas meter at 4.35 pounds, offers advanced features including enhanced safety through automatic valve closure, remote shut-off capabilities, and seamless transition from AMR to AMI systems. The meter provides real-time safety monitoring and system insights through advanced software. This milestone delivery builds on a 30-year partnership between Itron and Peoples Natural Gas, marking their continued collaboration in improving gas distribution operations and customer service.

Itron (NASDAQ: ITRI) reported strong Q1 2025 financial results with notable improvements across key metrics. Revenue reached $607 million, up 1% year-over-year, while GAAP net income rose to $65 million ($1.42 per diluted share). The company's gross margin expanded to 35.8%, a 180 basis point improvement, driven by favorable product mix and operational efficiencies. Networked Solutions revenue decreased 1% due to timing factors, while Outcomes revenue grew 14% from increased recurring revenue and software licenses. Free cash flow significantly improved to $67 million, up from $34 million in the prior year. The company's total backlog stood at $4.7 billion, up from $4.3 billion year-over-year, with Q1 bookings of $530 million. For Q2 2025, Itron projects revenue between $605-615 million and non-GAAP EPS of $1.30-1.40.

Ouster (Nasdaq: OUST), a leading provider of high-performance lidar sensors and software solutions, has appointed Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Gianella brings over 25 years of technology and communications industry experience to the role.

The new CFO previously served as CFO and COO at Quantum Corporation and held senior positions at Itron, including VP of Investor Relations and VP of Finance and Treasury. He holds an MBA from the University of Pittsburgh and a BS in Business Administration from Duquesne University.

Gianella will succeed interim CFO Chen Geng, who will continue as Senior Vice President, Strategic Finance & Treasurer. The appointment aligns with Ouster's mission to build safer and more sustainable solutions across automotive, industrial, robotics, and smart infrastructure sectors through affordable, high-performance sensors.

Itron (NASDAQ: ITRI) has announced it will release its first quarter 2025 financial results on Thursday, May 1, 2025, before market opens. The company will publish its press release and financial statements on their investor relations website at 8:30 a.m. EDT.

A management conference call is scheduled for 10 a.m. EDT to discuss the quarterly results. Investors can access the live webcast and supplemental presentation through Itron's website. The webcast replay will be available until May 8, 2025.

Itron (NASDAQ: ITRI) and Norwegian utility Norgesnett announced their collaboration on the first edge computing deployment in the Nordics using Itron's Grid Edge Intelligence portfolio. Norgesnett will deploy 10,000 Itron distributed intelligence (DI)-enabled smart endpoints starting in the first half of 2026.

The project is part of Norgesnett's Advanced Metering Infrastructure (AMI) grid modernization roadmap, aimed at gaining greater distribution system visibility and control. The DI-enabled solution will help address challenges from increased distributed energy resources, including rooftop solar power and electric vehicle adoption in Norway, where almost 96% of new cars registered in January 2025 were electric.

The smart endpoints will provide real-time energy usage data, enable remote power management, and support flexible two-way communication. This implementation aligns with Nordic Innovation's vision for the region to become the most sustainable and integrated globally by 2030.