Company Overview - Itron, Inc. is a leading technology provider specializing in integrated solutions for utilities and smart cities, addressing energy, water, and infrastructure management needs [5] - The company generates revenue through direct sales and partnerships by providing end-to-end measurement, control, and analytics solutions, as well as cloud-based services and ongoing maintenance [8] - Itron's strategy focuses on combining hardware, network connectivity, and advanced analytics to deliver operational efficiency and actionable insights for clients [6] Financial Metrics - As of November 5, 2025, Itron's share price was $107.15, with a market capitalization of $4.87 billion [4] - The company's revenue for the trailing twelve months (TTM) was $2.41 billion, and net income for the same period was $257.53 million [4] Investment Activity - Impax Asset Management Group increased its investment in Itron by acquiring approximately 890,040 shares, raising the position's value by $105.16 million, totaling 1,588,950 shares worth $197.15 million as of September 30, 2025 [2][3] - The Itron stake represents 1.15% of Impax's 13F assets under management (AUM) after the trade [3] Market Position and Growth Potential - Itron plays a crucial role in modernizing utility infrastructure, with its devices measuring and managing electricity and water flow [11] - The company has strategic customer relationships and high switching costs, which could support long-term growth if it successfully expands its revenue from analytics, software, and higher-margin services [12] - Itron's importance is underscored by its ability to help cities respond to aging infrastructure, tighter regulations, and rising efficiency demands [11]

Markets have been on the move in recent weeks, and so too have asset managers. ETF managers have plenty of flexibility when it comes to adjusting the holdings in their funds, and the managers of growth ETF QGRO are no exception. The fund, which tracks the American Century U.S. Quality Growth Index, saw several changes to its holdings and weights in just the last week. That may hold some intriguing data points for both investors in the ETF and market watchers following the $2 billion-plus strategy. See more: ...

Key Takeaways Itron adds CLS to its partner program to speed deployment of its smart lighting technologies in Australia.CLS will streamline procurement, offer local support and manage end-to-end adoption of Itron's solutions.The partnership broadens Itron's Australian footprint and supports advanced, efficient urban lighting needs.Itron, Inc. (ITRI) recently announced that Connected Lighting Solutions (“CLS”) has joined the Itron Engage Sales Channel Partner Program in Australia. CLS, a subsidiary of the Be ...

Core Insights - Itron, Inc. has signed a definitive agreement to acquire Locusview, Ltd. for $525 million, expected to close in January 2026 [1][8] - The acquisition aims to enhance Itron's Resiliency Solutions portfolio and improve infrastructure deployment capabilities for utility providers [2][8] - Itron is actively pursuing acquisitions to strengthen its digital and operational intelligence offerings amid macroeconomic pressures [3][4] Acquisition Details - Locusview's platform is designed for utility construction management, providing a scalable SaaS solution that improves productivity and project management [2] - The acquisition of Urbint, Inc. for $325 million is also planned to enhance Itron's AI and safety analytics capabilities, expected to close in Q4 2025 [4] - Itron's acquisition strategy includes previous purchases like Elpis Squared, aimed at optimizing energy distribution [5] Financial Performance and Outlook - Itron's Networked Solutions segment generated 73.9% of total revenues in Q3 2025, amounting to $365.4 million, driven by connected infrastructure projects [5] - The company is facing softer near-term demand, leading to a reduction in 2025 revenue outlook to $2.35–$2.36 billion and a fourth-quarter revenue guidance of $555–$565 million [6][8] - Itron's bookings for 2025 are expected to fall below the 1:1 target due to delays in customer decisions and macroeconomic uncertainties [6] Market Position - Itron currently holds a Zacks Rank of 3 (Hold), with its stock declining 20.8% over the past year, compared to a 13.5% decline in the Zacks Electronics - Testing Equipment industry [7]

Provider of Smart City and Building Solutions Joins Itron Engage Channel Partner ProgramLIBERTY LAKE, Wash., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Connected Lighting Solutions (CLS) has joined the Itron Engage Sales Channel Partner Program in Australia. CLS, a subsidiary of the Beacon Lighting Group and a leading provider in intelligent street lighting systems, will support the deployment ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs, and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!In September, I concluded that Itron, Inc. ( ITRI ) was delivering on margins, as investors were awaiting sales growth. The industrial IoT (Internet of Things) and edge intelligence service provi ...

Northumbrian Water to Deploy 330,000 Itron Water Endpoints by 2029 in the Northeast RegionLIBERTY LAKE, Wash., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is collaborating with Northumbrian Water Limited (NWL), a leading water provider in northeast England, to modernize the utility’s water distribution system. NWL will deploy 330,000 Itron Aquadis+ volumetric water meters equipped with Cyble 5 multi-connectiv ...

LIBERTY LAKE, Wash., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today the signing of a definitive agreement to acquire Locusview, Ltd. and subsidiaries (“Locusview”), a privately held utility-focused software and services company that is based in the United States and Israel. The purchase price for the acquisition is $525 million and will be funded through cash on hand. The transaction is expected ...

Core Insights - Oppenheimer Asset Management Inc. acquired 5,260 shares of Itron, Inc. valued at approximately $692,000 in Q2 [1] - Several large investors have increased their stakes in Itron, with institutional ownership at 96.19% [2] - Analyst ratings for Itron show a mix of "buy," "neutral," and "hold" ratings, with an average price target of $139.00 [3] Investment Activity - Wayfinding Financial LLC acquired a new position worth about $45,000 in Q1 [2] - REAP Financial Group LLC raised its position by 168.4% in Q2, now owning 424 shares valued at $56,000 [2] - Quarry LP increased its stake by 155.6% in Q1, now holding 910 shares valued at $95,000 [2] - Farther Finance Advisors LLC grew its stake by 52.5% in Q2, owning 1,240 shares worth $163,000 [2] - ST Germain D J Co. Inc. acquired a new stake worth $170,000 in Q2 [2] Analyst Ratings - Roth Capital raised its price target from $130.00 to $150.00 with a "buy" rating [3] - Robert W. Baird maintained a "neutral" rating with a reduced price target of $118.00 [3] - Stephens set a price objective of $130.00 with an "equal weight" rating [3] - Weiss Ratings restated a "buy (b)" rating [3] - Oppenheimer set a price objective of $145.00 with an "outperform" rating [3] Stock Performance - Itron's stock opened at $100.33, with a market cap of $4.59 billion [4] - The company has a P/E ratio of 17.15 and a price-to-earnings-growth ratio of 0.76 [4] - Itron's 52-week low is $90.11 and the high is $142.00 [4] Financial Results - Itron reported $1.54 EPS for the quarter, beating estimates of $1.48 by $0.06 [5] - Revenue for the quarter was $581.63 million, slightly above estimates of $578.49 million, but down 5.5% year-over-year [5] - The company has set FY 2025 guidance at 6.840-6.940 EPS and Q4 2025 guidance at 2.150-2.250 EPS [5] Insider Activity - SVP Justin K. Patrick sold 388 shares at an average price of $125.31, totaling $48,620.28 [6] - SVP John F. Marcolini sold 565 shares at the same average price, totaling $70,800.15 [6] - Insiders sold a total of 3,037 shares valued at $380,566 in the last 90 days [6]

Core Insights - Itron, Inc. (ITRI) reported non-GAAP EPS of $1.54 for Q3 2025, exceeding the Zacks Consensus Estimate by 4.1%, but down 16.3% year-over-year [1][9] - Revenue for the quarter was $581.6 million, a decline from $615.5 million in the prior-year quarter, attributed to portfolio optimization and project timing [2][9] - The company has raised its non-GAAP EPS outlook for 2025 to a range of $6.84 to $6.94, up from previous estimates of $6.00 to $6.20 [5] Financial Performance - Revenue decreased by 5.5% year-over-year, with product revenues at $494.3 million (85% of total revenues) down 8.2%, while service revenues increased by 13.1% to $87.3 million (15%) [5][9] - Gross margin improved to 37.7%, a 360-basis point increase year-over-year, driven by a favorable product and customer mix [11] - Non-GAAP operating income reached a record high of $89 million, marking a 12.7% year-over-year increase [11] Backlog and Bookings - Itron ended the quarter with a record backlog of $4.3 billion, up from $4 billion a year ago, with third-quarter bookings of $380 million [6][9] Segment Performance - Device Solutions segment revenue fell 16% to $103.1 million, impacted by declines in legacy EMEA electricity products and lower water volumes in North America [7] - Networked Solutions revenue dipped 6% to $365.4 million, primarily due to project implementation timing [10] - Outcomes segment revenue rose 11% to $25.8 million, driven by growth in recurring revenue [10] Outlook - For Q4 2025, Itron expects revenues between $555 million and $565 million, representing a 9% decline year-over-year at the midpoint, with non-GAAP EPS anticipated in the range of $2.15 to $2.25 [14] Balance Sheet and Cash Flow - As of September 30, 2025, cash and cash equivalents totaled $1.331 billion, with net long-term debt at $787.9 million [13] - The company generated strong cash flow, with net cash from operations totaling $118 million and free cash flow of $113 million [13]