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) has partnered with VODA.ai to introduce Pipe Asset Management, a solution designed to help water utilities identify, predict, and prioritize water pipe replacements using artificial intelligence. Combining Itron’s detailed meter data with VODA.ai’s daVinci™ AI engine, the tool analyzes existing utility data and public data such as soil and terrain to pinpoint at-risk pipes. The collaboration aims to reduce costs and improve decision-making for utilities, with an emphasis on identifying and managing non-revenue water and lead pipe replacements. This initiative addresses the significant issue of aging water infrastructure, with 20% of U.S. and Canadian water pipes past their useful life. Itron's solution is globally available and will be showcased at the AWWA’s Annual Conference & Expo (ACE24).
Itron has released its 2023 Corporate Sustainability Report, detailing significant achievements in reducing carbon emissions and enhancing customer resourcefulness. The company surpassed its goal to cut owned carbon emissions by 50% five years ahead of schedule, achieving this milestone in 2023. Key highlights include enabling customers to avoid 6.8 million metric tons of greenhouse gas emissions through advanced grid edge intelligence and smart city solutions. Itron also achieved 88% ISO 14001 certification across its manufacturing facilities, showcasing its commitment to environmental management. The report underscores the company's focus on integrity, with a diverse board composition and recognition for fostering an inclusive workplace. Itron's emphasis on sustainability, ethical business practices, and community support is evident in its comprehensive 2023 strategy.
Itron (NASDAQ: ITRI), a leader in energy and water resource management, announced participation in two upcoming investor conferences. On May 23, 2024, at the TD Cowen 2nd Annual Sustainability Week, John Marcolini, SVP of Networked Solutions, will join a virtual fireside chat at 12:25 p.m. EDT. On June 17, 2024, CEO Tom Deitrich will represent Itron at the J.P. Morgan 2024 Energy, Power & Renewables Conference in New York, engaging in a fireside chat and investor meetings. These events highlight Itron's commitment to sustainability and investor engagement.
Itron, Inc. (NASDAQ: ITRI) reported strong first-quarter financial results for 2024. Revenue increased by 22% to $603 million, with a gross profit of $205 million, GAAP net income of $52 million, and GAAP diluted EPS of $1.12. Non-GAAP diluted EPS was $1.24, adjusted EBITDA was $76 million, and free cash flow was $34 million. The company highlighted growth in all segments, especially in Networked Solutions and Device Solutions, resulting in a positive outlook for the future.
Itron, Inc. enhances its Temetra® platform in Australia and New Zealand by adding NB-IoT communications, enabling water utilities to streamline operations and maximize business value. The platform provides comprehensive meter data processing, analytics, and validation, allowing utilities to remotely read water meters, reduce costs, and prioritize maintenance. Temetra supports various communication protocols, providing utilities with interoperability and flexibility for digital transformation.
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