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
Website
CEO
Thomas Deitrich
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teradyne • Cohu • Frequency Electronics • Transcat • Intest • Allied Motion • Data io • Aehr Test Systems • Giga Tronics • Reliability ...
Former names
ITRON INC /WA/
SEC CIK
Corporate docs
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
News

Benzinga's Top Ratings Upgrades, Downgrades For August 8, 2022
8 Aug 22
JP Morgan Downgrades Itron to Neutral
8 Aug 22
5 Analysts Have This to Say About Itron
5 Aug 22
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
Itron Announces Second Quarter 2022 Financial Results and Updated Full-Year 2022 Guidance
4 Aug 22
Itron Accepting Nominations for Fourth Annual Itron Innovator Award
27 Jul 22
Itron Launches New Sales Channel Partner Program for Asia-Pacific Region
19 Jul 22
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
Current price
Average target
$60.20
Low target
$50.00
High target
$73.00
Stephens & Co.
Downgraded
$55.00
JP Morgan
Maintains
$73.00
Piper Sandler
Maintains
$50.00
Raymond James
Maintains
$68.00
Morgan Stanley
Maintains
$55.00
Calendar
4 Aug 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
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Operating income | |||||
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Net income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
97.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 257 |
Opened positions | 39 |
Closed positions | 37 |
Increased positions | 108 |
Reduced positions | 80 |
13F shares | Current |
---|---|
Total value | 2.35B |
Total shares | 43.97M |
Total puts | 33.2K |
Total calls | 46.8K |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.51M | $395.67M |
Vanguard | 5.03M | $264.79M |
IPXAF Impax Asset Management | 2.66M | $139.9M |
STT State Street | 1.66M | $87.5M |
IVZ Invesco | 1.64M | $86.4M |
Schroder Investment Management | 1.28M | $67.88M |
Allianz Asset Management GmbH | 1.24M | $65.22M |
Dimensional Fund Advisors | 1.04M | $54.99M |
First Trust Advisors | 991.63K | $52.24M |
Aristotle Capital Boston | 906.26K | $47.74M |
Financial report summary
?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
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
conclusion, decline, Deitrich, flat, high, infrequently, ramp, slightly, Subpart, test, unusual
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
4 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
11 May 22
8-K
Results of Operations and Financial Condition
2 May 22
8-K
Departure of Directors or Certain Officers
10 Mar 22
8-K
Results of Operations and Financial Condition
28 Feb 22
8-K
Amendments to Articles of Incorporation or Bylaws
25 Feb 22
8-K
Results of Operations and Financial Condition
4 Nov 21
8-K
Other Events
4 Nov 21
8-K
Cost Associated with Exit or Disposal Activities
3 Nov 21
8-K
Other Events
13 Oct 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
11 Mar 21
FWP
Free writing prospectus
10 Mar 21
424B5
Prospectus supplement for primary offering
8 Mar 21
S-3ASR
Automatic shelf registration
8 Mar 21
S-8
Registration of securities for employees
1 Jul 18
S-8
Registration of securities for employees
8 Jan 18
S-8
Registration of securities for employees
17 May 17
S-3ASR
Automatic shelf registration
5 Aug 15
S-8
Registration of securities for employees
30 Apr 14
S-8
Registration of securities for employees
13 Feb 14
Other
SD
Conflict minerals disclosure
16 May 22
SD
Conflict minerals disclosure
17 May 21
SD
Conflict minerals disclosure
11 May 20
SD
Conflict minerals disclosure
17 May 19
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
15 May 17
SD
Conflict minerals disclosure
11 May 16
SD
Conflict minerals disclosure
28 May 15
UPLOAD
Letter from SEC
21 Jan 15
CORRESP
Correspondence with SEC
19 Jan 15
Ownership
4
ITRON / John F. Marcolini ownership change
6 Jul 22
4
ITRON / Donald L. Reeves III ownership change
6 Jul 22
4
ITRON / Diana D Tremblay ownership change
5 Jul 22
4
ITRON / Lynda L. Ziegler ownership change
5 Jul 22
4
ITRON / Santiago Perez ownership change
5 Jul 22
4
ITRON / Jerome J. Lande ownership change
5 Jul 22
4
ITRON / FRANK M JAEHNERT ownership change
5 Jul 22
4
ITRON / Christopher E. Ware ownership change
1 Jul 22
4
ITRON / Joan S Hooper ownership change
19 May 22
4
ITRON / Christopher E. Ware ownership change
16 May 22
Patents
Utility
Electrical phase computation using RF media
9 Aug 22
Techniques for computing electrical phase of electrical metering devices are described.
Utility
Use of different data rates for polling in a multi-rate network
2 Aug 22
A first node operates in a network.
Utility
Techniques for Multi-data Rate Communications
28 Jul 22
Techniques for multi-data rate communications include receiving, by a first node device within a mesh network, an information element that specifies one or more communication modes supported by a second node device within the mesh network; selecting, by the first node device, a first communication mode from the one or more communication modes, wherein a first metric value determined for the first communication mode based on the information element is lower than a second metric value determined for a default communication mode by a threshold value; and configuring, by the first node device, a communication link between the first node device and the second node device according to the first communication mode.
Utility
Server-assisted routing in network communications
26 Jul 22
A network node device and method of determining a communication route to one or more other network nodes through a network.
Utility
Power-efficient passive discovery by network devices
26 Jul 22
Disclosed are techniques to minimize the electricity consumption of battery powered devices during network discovery and other phases of network operation.
Transcripts
2022 Q2
Earnings call transcript
7 Aug 22
2022 Q1
Earnings call transcript
2 May 22
2021 Q4
Earnings call transcript
28 Feb 22
2021 Q3
Earnings call transcript
6 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
4 May 21
2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Q2 2022 Letters & Reports
1 Jul 22
(5/2) Monday's Pre-Market Stock Movers & News
2 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - April 29th, 2022
29 Apr 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Most anticipated earnings releases for the week beginning February 28, 2022
26 Feb 22
Most Anticipated Earnings Releases for the week beginning February 28th, 2022
26 Feb 22
Daily Discussion Thread - February 25th, 2022
25 Feb 22
Daily Discussion Thread - November 4th, 2021
4 Nov 21