ITRI Itron Dashboard

Itron, Inc. is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems. The Networked Solutions segment offers a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. The Outcomes segment consist of the firm’s value-added, enhanced software and services operating segment in which it manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. The company was founded in 1977 and is headquartered in Liberty Lake, WA.

Company profile

Ticker

ITRI

Exchange

NASDAQ

Website

www.itron.com/

CEO

Thomas Deitrich

Incorporated

Washington

Location

Washington

Fiscal year end

Dec 31

Sector

Manufacturing > Electromedical and Electrotherapeutic Apparatus Manufacturing

Industry (SIC)

Instruments For Meas & Testing of Electricity & Elec Signals

Teradyne • Cohu • Frequency Electronics • Allied Motion • Transcat • Data io • Intest • Giga Tronics • Aehr Test Systems • Reliability ...

Former names

ITRON INC /WA/

SEC CIK

0000780571

Corporate docs

Articles of Incorporation & Bylaws

IRS number

911011792

ITRI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Benzinga's Top Ratings Upgrades, Downgrades For March 31, 2021

31 Mar 21

Itron Says Co, Con Edison Achieve Utility Network Milestone

31 Mar 21

Con Edison Has Deployed 4 Million Smart Meters Across its Territory as a Part of its Advanced Metering Infrastructure (AMI) Project Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage

Morgan Stanley Initiates Coverage On Itron with Equal-Weight Rating, Announces Price Target of $90

31 Mar 21

Morgan Stanley analyst Connor Lynagh initiates coverage on Itron (NASDAQ:ITRI) with a Equal-Weight rating and announces Price Target of $90.

Benzinga's Top Ratings Upgrades, Downgrades For March 26, 2021

26 Mar 21

Piper Sandler Initiates Coverage On Itron with Overweight Rating, Announces Price Target of $120

26 Mar 21

Press releases

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Itron to Announce First Quarter 2021 Results on May 3, 2021

13 Apr 21

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 quarter ended March 31, 2021 before the opening of

Itron and Con Edison Achieve Utility Network Milestone

31 Mar 21

Itron Named a Visionary in the 2021 Gartner Magic Quadrant for Managed IoT Connectivity Services, Worldwide

30 Mar 21

Report Recognizes Itron for its Ability to Execute and Completeness of Vision Itron, Inc. (NASDAQ:ITRI), which is transforming the way utilities and cities manage energy and water, announced that it has been named a

Itron Launches Residential Smart Electricity Meter for German Market

30 Mar 21

Itron to Host Regional Itron Utility Week in Asia-Pacific

24 Mar 21

Calendar

23 Feb 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart ITRI financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Itron earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	206.93M	206.93M	206.93M	206.93M	206.93M	206.93M
Cash burn (monthly)	126.41M	(positive/no burn)	(positive/no burn)	866.25K	(positive/no burn)	(positive/no burn)
Cash used (since last report)	436.75M	n/a	n/a	2.99M	n/a	n/a
Cash remaining	-229.82M	n/a	n/a	203.94M	n/a	n/a
Runway (months of cash)	-1.8	n/a	n/a	235.4	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

ITRI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
1 Apr 21	Jaehnert Frank M	Common Stock	Grant	Dispose A	No	No	358	12,426
1 Apr 21	Pelino Daniel S	Common Stock	Grant	Aquire A	No	No	358	16,100
1 Apr 21	Tremblay Diana D	Common Stock	Grant	Aquire A	No	No	358	12,426
1 Apr 21	Ziegler Lynda L.	Common Stock	Grant	Aquire A	No	No	483	14,213
1 Apr 21	Lande Jerome J.	Common Stock	Grant	Aquire A	No	No	358	13,252

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

ITRI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	238	227	+4.8%
Opened positions	44	26	+69.2%
Closed positions	33	48	-31.3%
Increased positions	86	85	+1.2%
Reduced positions	78	83	-6.0%

13F shares	Current	Prev Q	Change
Total value	6.74B	2.35B	+186.6%
Total shares	39.61M	38.75M	+2.2%
Total puts	36.3K	54.8K	-33.8%
Total calls	62.6K	46.9K	+33.5%
Total put/call ratio	0.6	1.2	-50.4%

Largest owners	Shares	Value	Change
BLK Blackrock	6.17M	$591.44M	+6.2%
Vanguard	4.14M	$397.13M	+2.9%
IPXAF Impax Asset Management	2.62M	$250.29M	-3.6%
JPM JPMorgan Chase & Co.	1.69M	$162.1M	+93.0%
Wellington Management	1.32M	$126.31M	+1.9%
IVZ Invesco	1.28M	$122.5M	+20.2%
STT State Street	1.28M	$122.49M	+6.3%
Aristotle Capital Boston	926.17K	$88.82M	-5.3%
ATAC Neuberger Berman	916.07K	$87.52M	-1.2%
Ubs Global Asset Management Americas	876.71K	$84.08M	+49.5%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	1.69M	+814.32K	+93.0%
Cardinal Capital Management	0	-561.21K	EXIT
Southpoint Capital Advisors	0	-500K	EXIT
Norges Bank	406.8K	+406.8K	NEW
BLK Blackrock	6.17M	+360.09K	+6.2%
JHG Janus Henderson	810.9K	-338.4K	-29.4%
Ubs Global Asset Management Americas	876.71K	+290.14K	+49.5%
Frontier Capital Management	170.07K	-275.04K	-61.8%
Vontobel Holding	270.51K	+270.51K	NEW
Ninety One UK	546.99K	+263.95K	+93.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Badger Meter • Hubbell • Honeywell International • Roper • Mueller Water Products • Xylem

Management Discussion

Revenues decreased $329.1 million in 2020 compared with 2019. We have been unfavorably impacted by COVID-19, which played a significant role in customer demand and lower year-over-year results. Product revenues decreased $331.2 million in 2020 and service revenues increased $2.1 million in 2020 as compared with 2019. Device Solutions decreased by $164.9 million; Networked Solutions decreased by $167.9 million; and Outcomes increased by $3.6 million when compared with the same period last year. Changes in currency exchange rates unfavorably impacted revenues by $3.4 million in 2020, primarily in Device Solutions.
No single customer represented more than 10% of total revenues for the years ended December 31, 2020 and 2019. Our 10 largest customers accounted for 33% of total revenues in 2020 and 31% of total revenues in 2019.
Gross margin was 27.7% for 2020, compared with 30.1% in 2019. We were unfavorably impacted by COVID-19 induced operating inefficiencies, product mix and increased inventory reserves. Product sales gross margin decreased to 25.4% in 2020 from 28.5% in 2019. Gross margin on service revenues increased to 42.8% from 42.4% in 2019.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-K 2020 FY