Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
IPO Year: 1993
Exchange: NASDAQ
Website: itron.com/na
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $131.00 | Buy | Janney |
| 9/5/2024 | $133.00 | Outperform | Exane BNP Paribas |
| 8/2/2024 | $115.00 → $125.00 | Buy | TD Cowen |
| 7/11/2024 | $130.00 | Neutral → Buy | Guggenheim |
| 5/21/2024 | $109.00 | Overweight → Neutral | Piper Sandler |
| 5/3/2024 | $110.00 → $115.00 | Buy | TD Cowen |
| 3/13/2024 | $107.00 → $110.00 | Outperform | TD Cowen |
| 2/27/2024 | $68.00 → $108.00 | Neutral → Outperform | Robert W. Baird |
| 2/27/2024 | $68.00 → $105.00 | Hold → Buy | Canaccord Genuity |
| 1/19/2024 | $81.00 | Perform → Outperform | Oppenheimer |
LIBERTY LAKE, Wash., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working with Publiacqua, the water provider for 1.3 million residents across Tuscany, Italy, to modernize its water distribution system. The utility will upgrade its mechanical meters with Itron's Intelis® wSource water meters to reduce non-revenue water and enhance the customer experience. Itron's latest generation of metrology will enable Publiacqua to reduce losses throughout its distribution system and better engage with customers amid an increasing focus on sustainability initiatives. Each Itron Intelis wSource water me
LIBERTY LAKE, Wash., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2024 at 8:30 a.m. EST on Tuesday, Feb. 25, 2025. Itron management will host a conference call at 10:00 a.m. EST to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at Itron Investor Events & Presentations. Participants should access the webcast 10 minutes prior to the start of the call
LIBERTY LAKE, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. As part of this collaboration, Xcel Energy has contracted with Itron to deploy an Aggregator Distributed Energy Resource Management System (DERMS) from Itron's Grid Edge Intelligence portfolio to help manage DERs. On average, 25% of all U.S. homes with solar PV also have battery energy storage. As
LIBERTY LAKE, Wash., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that it's working together with Water Corporation (WA) to modernize the utility's water distribution system. WA will use Itron's Temetra® solution, a globally adopted cloud-based, multi-vendor meter data management solution, to address persistent drought by collecting data from 16,000 smart water meters being installed in Perth. The meters will provide analytics which improve water conservation management. The deployment is a part of the Perth Smart Water Meter Pilot. The goal of WA's Perth Smart Water Meter project i
SAN JUAN, Puerto Rico, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LUMA announced today the completion of the open procurement process and the next step of their initiative to deploy approximately 1.5 million smart meters across Puerto Rico. This significant milestone in the modernization of Puerto Rico's electric grid and customers will not see any rate increases associated with the initiative. This contract is the result of a thorough and competitive process that followed all applicable laws and regulations including an open Request for Proposal (RFP). The selected vendor, Itron, a global leader in smart meter technology, will provide Puerto Rico with cutting-edge grid intelligence capabilities
LIBERTY LAKE, Wash., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, marks a significant milestone with the 50th deployment of its Temetra® solution in Australia, which is being deployed by Aqwest, the provider of drinking water to the City of Bunbury and its surrounding areas in Western Australia. With Itron's cloud-based multi-vendor meter data collection and management solution, Aqwest will be able to manage its existing mechanical meters while enhancing and optimizing operations. Aqwest selected Temetra, Itron's innovative cloud-based solution, to simplify meter data collection by utilizing
LIBERTY LAKE, Wash., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, signed a contract with TasWater, the only water and sewage utility in Tasmania, Australia to deploy Temetra, Itron's globally adopted cloud-based platform that streamlines and unifies meter data collection and management. With Temetra, TasWater collects frequent and accurate water meter usage data by simply driving-by or walking-by the water meter location, which streamlines and improves operations in line with the utility's strategy, focusing on Unlocking Water's Full Potential. TasWater's strategy focuses on customer value, e
LIBERTY LAKE, Wash., Dec. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, is collaborating with Jemena, a provider of gas and electricity services to millions of customers in Australia, to deploy Itron's Low Voltage Distributed Energy Resource Management System (LV DERMS) to manage rooftop solar generation and enhance resiliency within the energy system. The innovative data-driven and flexible solution transforms the planning and operating risks caused by consumer energy resources (CERs), specifically solar, into opportunities. LV DERMS will help address challenges stemming from the integration of CER
Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers LIBERTY LAKE, Wash. and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Itron, Inc. (NASDAQ:ITRI) and Pacific Gas and Electric Company (PG&E) are collaborating to make electric vehicle (EV) charging more accessible and affordable for PG&E's customers. As part of exploring ways to modernize its electric meter network, PG&E is working with Itron on a customer-focused pilot to develop and test the management of EV charging loads in real-time, with the goal of significantly lowering the b
LIBERTY LAKE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced the integration of Itron's Intelligent Connectivity suite with FirstNet®, Built with AT&T, the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. Itron has completed integrating an initial round of cellular-enabled products with FirstNet, with more to come. Itron's participation in the FirstNet Embedded IoT Program further enhances the reliability and resiliency of Itron's network offering, providing prior
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LIBERTY LAKE, Wash., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2024 at 8:30 a.m. EST on Tuesday, Feb. 25, 2025. Itron management will host a conference call at 10:00 a.m. EST to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at Itron Investor Events & Presentations. Participants should access the webcast 10 minutes prior to the start of the call
LIBERTY LAKE, Wash., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2024. Key results for the quarter include (compared with the third quarter of 2023): Revenue of $615 million, increased 10%;Gross profit of $210 million, increased 12%;GAAP net income attributable to Itron, Inc. of $78 million, increased $38 million;GAAP diluted earnings per share of $1.70, increased $0.83 per share;Non-GAAP diluted EPS of $1.84, increased $0.86 per share;Adjusted EBITDA of $89 million, increased 29%; andFree cash flow of $59 million, increased
LIBERTY LAKE, Wash., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended Sept. 30, 2024 before the opening of market on Thursday, Oct. 31, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Oct. 31, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed
LIBERTY LAKE, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2024. Key results for the quarter include (compared with the second quarter of 2023): Revenue of $609 million, increased 13%;Gross profit of $210 million, increased 21%;GAAP net income attributable to Itron, Inc. of $51 million, increased $27 million;GAAP diluted earnings per share of $1.10, increased $0.57 per share;Non-GAAP diluted EPS of $1.21, increased $0.56 per share;Adjusted EBITDA of $77 million, increased 56%; andFree cash flow of $45 million, increa
LIBERTY LAKE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2024 before the opening of market on Thursday, Aug. 1, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Aug. 1, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed fro
LIBERTY LAKE, Wash., May 02, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its first quarter ended March 31, 2024. Key results for the quarter include (compared with the first quarter of 2023): Revenue of $603 million, increased 22%;Gross profit of $205 million, increased 31%;GAAP net income attributable to Itron, Inc. of $52 million, increased $64 million;GAAP diluted earnings per share of $1.12, increased $1.38 per share;Non-GAAP diluted EPS of $1.24, increased $0.75 per share;Adjusted EBITDA of $76 million, increased 94%; andFree cash flow of $34 million, increased $4
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended March 31, 2024 before the opening of market on Thursday, May 2, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on May 2, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investors.itron.com/e
Acquisition to Help Accelerate the Energy Transition with Grid Planning, Operations and Engineering Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today it is expanding its Grid Edge Intelligence portfolio through the acquisition of Elpis Squared, an innovative provider of software and services for utility grid operations, effective immediately. Founded in 2013 and headquartered in Newport Beach, CA, Elpis Squared is modernizing the electric distribution grid by providing innovative, cost-effective management and optimization solutions to utilities. The acquisition will strengthen and complement Itron's solutions, a
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced financial results for its fourth quarter and full year ended Dec. 31, 2023. Key results for the quarter and full year include (compared with the fourth quarter and full year of 2022): Revenue of $577 million and $2.2 billion, increased 23% and 21%; Gross profit of $196 million and $714 million, increased 39% and 37%; GAAP net income attributable to Itron, Inc. of $44 million and $97 million, increased $22 million and $107 million; GAAP diluted earnings per share of $0.96 and $2.11, increased $0.47 and $2.33; Non-GAAP diluted EPS of $1.23 and $3.36, increased
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2023 before the opening of market on Monday, Feb. 26, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Feb. 26, 2024 at 8:30 a.m. EST followed by the management conference call at 10 a.m. EST to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investo
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Janney initiated coverage of Itron with a rating of Buy and set a new price target of $131.00
Exane BNP Paribas initiated coverage of Itron with a rating of Outperform and set a new price target of $133.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $125.00 from $115.00 previously
Guggenheim upgraded Itron from Neutral to Buy and set a new price target of $130.00
Piper Sandler downgraded Itron from Overweight to Neutral and set a new price target of $109.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $115.00 from $110.00 previously
TD Cowen reiterated coverage of Itron with a rating of Outperform and set a new price target of $110.00 from $107.00 previously
Robert W. Baird upgraded Itron from Neutral to Outperform and set a new price target of $108.00 from $68.00 previously
Canaccord Genuity upgraded Itron from Hold to Buy and set a new price target of $105.00 from $68.00 previously
Oppenheimer upgraded Itron from Perform to Outperform and set a new price target of $81.00
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LIBERTY LAKE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced the integration of Itron's Intelligent Connectivity suite with FirstNet®, Built with AT&T, the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. Itron has completed integrating an initial round of cellular-enabled products with FirstNet, with more to come. Itron's participation in the FirstNet Embedded IoT Program further enhances the reliability and resiliency of Itron's network offering, providing prior
Bangladesh Rural Electrification Board to Deploy Itron Solution to Improve Operational Efficiency and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Bangladesh Rural Electrification Board (BREB), a government organization and the largest power distributor in Bangladesh, has selected Itron to provide its Advanced Metering Infrastructure (AMI) solution as the foundational technology to build a more resilient grid. This project supports a sustainable future in Bangladesh by helping to modernize BREB's distribution system. Included, BREB can empower its customers through greater visibility and contro
Technology Executive Brings More Than 30 Years of Expertise in Cybersecurity, Data Protection and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Sanjay Mirchandani, CEO of Commvault, to its board of directors, effective July 18, 2023. Mirchandani has more than 30 years of experience in cybersecurity, data protection, customer service and technology, most recently as CEO of Commvault, the recognized leader in data backup and recovery. Since joining Commvault, Mirchandani has innovated Commvault's industry-recognized portfolio, launching Metallic, an award-winning SaaS offering, and s
Finance Executive Brings More Than 30 Years of Energy Industry Expertise Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Mary Hemmingsen, an energy and infrastructure industry executive with deep utility industry expertise, to its board of directors, effective Oct. 7. Hemmingsen brings more than 30 years of expertise in finance, asset management, project delivery, business development and governance. Since 2017, she has served in a variety of executive advisory roles for energy industry organizations as well as board roles. From 2013 to 2017, Hemmingsen was a global partner and gas, power and utilities
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Santiago Perez, a senior advisor at Arsenal Capital Partners and former executive at Schneider Electric, to its board of directors, effective June 1. Perez brings nearly 35 years of sales, product management and service operations experience in high-tech industries, including the energy, building automation and industrial automation sectors. Prior to his engagement with Arsenal, Perez served as chief commercial digital officer and senior vice president of U.S. services and solutions at Schneider Electric fro