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ITRI Itron

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
Website
CEO
Thomas Deitrich
Employees
Incorporated
Location
Fiscal year end
Former names
ITRON INC /WA/
SEC CIK
IRS number
911011792

ITRI stock data

(
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Calendar

23 Feb 21
13 Apr 21
31 Dec 21
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
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Cash on hand
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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

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Jaehnert Frank M Common Stock Grant Dispose A No No 0 358 0 12,426
1 Apr 21 Pelino Daniel S Common Stock Grant Aquire A No No 0 358 0 16,100
1 Apr 21 Tremblay Diana D Common Stock Grant Aquire A No No 0 358 0 12,426
1 Apr 21 Ziegler Lynda L. Common Stock Grant Aquire A No No 0 483 0 14,213
1 Apr 21 Lande Jerome J. Common Stock Grant Aquire A No No 0 358 0 13,252

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%

Financial report summary

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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
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