Itron (ITRI)

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Its portfolio of smart networks, software, services, meters and sensors helps its customers better manage electricity, gas and water resources for the people they serve. By working with its customers to ensure their success, the company helps improve the quality of life, ensures the safety and promotes the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world.

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 • Transcat • Intest • Allied Motion • Data io • Aehr Test Systems • Giga Tronics • Reliability ...

Former names

ITRON INC /WA/

SEC CIK

0000780571

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Itron International, LLC • Itron Networked Solutions, Inc. • SSN Holdings, LLC • Itron Global LLC • Royal Cautivo Insurance, Inc. • Itron Australasia Pty Limited • Itron Austria GmbH • Itron Belgium SA • Itron Canada, Inc. • Silver Spring Networks International Limited ...

IRS number

911011792

ITRI stock data

1M 1Y 5Y

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For August 8, 2022

8 Aug 22

JP Morgan Downgrades Itron to Neutral

8 Aug 22

JP Morgan analyst Paul Coster downgrades Itron (NASDAQ:ITRI) from Overweight to Neutral.

5 Analysts Have This to Say About Itron

5 Aug 22

Analysts have provided the following ratings for Itron (NASDAQ:ITRI) within the last quarter:

Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022

5 Aug 22

DoorDash To $129? Here Are 5 Other Price Target Changes For Friday

5 Aug 22

Press releases

From Benzinga Pro

Itron Announces Second Quarter 2022 Financial Results and Updated Full-Year 2022 Guidance

4 Aug 22

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its second quarter ended June 30, 2022. Key results for the quarter include (compared with the second quarter of 2021): Revenue of $432 million, compared

Itron Accepting Nominations for Fourth Annual Itron Innovator Award

27 Jul 22

Award Recognizes an Itron Customer for Exploring What's Possible with Itron Technology Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, is now accepting nominations

Itron Launches New Sales Channel Partner Program for Asia-Pacific Region

19 Jul 22

Itron Engage Provides Partners with Tools, Training and Support for Itron's Solutions Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced the launch of the

Itron to Announce Second Quarter 2022 Results on Aug. 4, 2022

14 Jul 22

Itron, United Systems & Software and Sevier County Utility District to Optimize Natural Gas Operations in Tennessee

12 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$60.20

Low target

$50.00

High target

$73.00

Calendar

4 Aug 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart ITRI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	208.5M	208.5M	208.5M	208.5M	208.5M	208.5M
Cash burn (monthly)	(no burn)	(no burn)	12.07M	11.23M	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	16.14M	15.01M	n/a	n/a
Cash remaining	n/a	n/a	192.36M	193.49M	n/a	n/a
Runway (months of cash)	n/a	n/a	15.9	17.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Itron earnings reports.

Recent insider trades

ITRI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 Jul 22	Reeves Donald L. III	Common Stock	Sell	Dispose S	No	No	45.9344	406	18.65K	11,158
5 Jul 22	John F. Marcolini	Common Stock	Sell	Dispose S	No	No	45.9344	199	9.14K	8,498
1 Jul 22	Jaehnert Frank M	Common Stock	Grant	Acquire A	No	No	48.43	851	41.21K	15,395
1 Jul 22	Lande Jerome J.	Common Stock	Grant	Acquire A	No	No	48.43	851	41.21K	16,221
1 Jul 22	Santiago Perez	Common Stock	Grant	Acquire A	No	No	48.43	851	41.21K	3,079

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

Institutional ownership, Q1 2022

ITRI institutional ownership history Ownership history

97.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	257	255	+0.8%
Opened positions	39	42	-7.1%
Closed positions	37	43	-14.0%
Increased positions	108	99	+9.1%
Reduced positions	80	79	+1.3%

13F shares	Current	Prev Q	Change
Total value	2.35B	3.9B	-39.7%
Total shares	43.97M	44.17M	-0.5%
Total puts	33.2K	34.11K	-2.7%
Total calls	46.8K	59.2K	-20.9%
Total put/call ratio	0.7	0.6	+23.1%

Largest owners	Shares	Value	Change
BLK Blackrock	7.51M	$395.67M	+5.1%
Vanguard	5.03M	$264.79M	+0.0%
IPXAF Impax Asset Management	2.66M	$139.9M	-2.2%
STT State Street	1.66M	$87.5M	+3.4%
IVZ Invesco	1.64M	$86.4M	+10.3%
Schroder Investment Management	1.28M	$67.88M	+30.4%
Allianz Asset Management GmbH	1.24M	$65.22M	-3.0%
Dimensional Fund Advisors	1.04M	$54.99M	+13.4%
First Trust Advisors	991.63K	$52.24M	+12.5%
Aristotle Capital Boston	906.26K	$47.74M	-2.0%

Largest transactions	Shares	Bought/sold	Change
Ninety One UK	0	-1.78M	EXIT
JPM JPMorgan Chase & Co.	273.25K	-918.53K	-77.1%
Wellington Management	11.58K	-529.45K	-97.9%
FHI Federated Hermes	622.48K	+435.87K	+233.6%
Hotchkis & Wiley Capital Management	422.96K	+422.96K	NEW
Norges Bank	0	-402.49K	EXIT
BLK Blackrock	7.51M	+367.24K	+5.1%
Schroder Investment Management	1.28M	+298.49K	+30.4%
Clearbridge Advisors	257.93K	+257.93K	NEW
Jacobs Levy Equity Management	333.68K	+238.16K	+249.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Badger Meter • Hubbell • Honeywell International • Roper • Xylem

Management Discussion

Revenues - Three months ended June 30, 2022 vs. Three months ended June 30, 2021
Total revenues decreased $57.5 million, or 12%, compared with the same period in 2021. We have been unfavorably impacted by global component constraints, which limited our ability to fulfill customer demand. Product revenues decreased by $51.8 million and service revenues decreased $5.7 million. Device Solutions decreased by $58.2 million; Networked Solutions increased by $4.4 million; and Outcomes decreased by $3.8 million when compared with the same period last year. Revenue decreased for Device Solutions due to the sale of certain Gas device manufacturing and business operations in Europe and North America to Dresser. Changes in exchange rates unfavorably impacted total revenues by $18.9 million, of which $14.9 million unfavorably impacted Device Solutions.
Revenues - Six months ended June 30, 2022 vs. Six Months Ended June 30, 2021