Itron Inc. (ITRI) recently introduced IntelliFLEX, a cutting-edge grid-edge Distributed Energy Resource Management System (DERMS) designed to provide real-time visibility, control and optimization of behind-the-meter DERs. By harnessing Grid-Edge Intelligence (GEI), IntelliFLEX helps utilities unlock up to 20% additional capacity in the distribution grid while deferring expensive infrastructure investments. This transformative solution will be showcased at DISTRIBUTECH 2025 from March 24-27.IntelliFLEX, par ...

Early Adopters of GCP Standard Advance Interoperability, Expanding Choices for Utilities and Meter VendorsLIBERTY LAKE, Wash., March 13, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, and CHINT Global, a global metering solutions provider with regional headquarters in Singapore, have introduced the first residential electric smart meter based on the DLMS User Association’s AC Electricity Smart Meter (ACESM) Generic Compa ...

Groundbreaking Grid-Edge DERMS Solution Enhances Local Resilience, Demand Flexibility and Real-Time DER CoordinationLIBERTY LAKE, Wash., March 12, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is helping utilities improve integration of distributed energy resources (DERs) and enhance grid flexibility with its IntelliFLEX solution. As a grid edge DERMS solution, IntelliFLEX facilitates real-time visibility, control and o ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Itron (ITRI) .Itron currently has an average brokerage recommendation (ABR) of 1.46, on a scale ...

LIBERTY LAKE, Wash., March 06, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, and its channel partner, National Rural Telecommunications Cooperative (NRTC), are working together with Arkansas Valley Electric Cooperative Corporation (AVECC), to improve grid resiliency and reliability for AVECC's members across the Arkansas River Valley. AVECC is leveraging its existing fiber optic network to unlock a broad range of applica ...

LIBERTY LAKE, Wash., March 06, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, and its channel partner, National Rural Telecommunications Cooperative (NRTC), are working together with Arkansas Valley Electric Cooperative Corporation (AVECC), to improve grid resiliency and reliability for AVECC’s members across the Arkansas River Valley. AVECC is leveraging its existing fiber optic network to unlock a broad range of applic ...

Core Viewpoint - Itron (ITRI) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][4]. - A strong correlation exists between earnings estimate revisions and near-term stock movements, with institutional investors playing a role in this relationship [4][6]. Company Performance and Outlook - The recent upgrade for Itron reflects an improvement in the company's underlying business, suggesting that investors may push the stock price higher [5][10]. - Itron is expected to earn $5.19 per share for the fiscal year ending December 2025, representing a year-over-year change of -7.7%, although estimates have increased by 10.7% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - Itron's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Itron Inc. (ITRI) reported non-GAAP earnings per share (EPS) of $1.35 for fourth-quarter 2024, which beat the Zacks Consensus Estimate by 28.6%. The company reported earnings of $1.23 per share in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues were $613 million, which beat the Zacks Consensus Estimate by 1.6%. The top line grew 6% year over year, exceeding the high end of the company’s guided range. The uptick was driven by higher demand across its N ...

Financial Data and Key Metrics Changes - Fourth quarter revenue was $613 million, a 6% increase year over year, driven by strong customer demand and operational gross margin of 34.9%, which was 90 basis points higher than last year [17][10] - GAAP net income for the fourth quarter was $58 million or $1.26 per diluted share, compared to $44 million or $0.96 per diluted share in the prior year [17] - Non-GAAP net income for the quarter was $62 million or $1.35 per diluted share, versus $1.23 a year ago, with free cash flow of $70 million compared to $39 million a year ago [19][17] Business Line Data and Key Metrics Changes - Device solutions revenue decreased 5% on a constant currency basis, primarily due to a decline in legacy electric meter sales [20] - Network solutions revenue grew 6% year over year, driven by increased new project deployments and strong operational execution [20] - Outcomes revenue grew 25% year over year, primarily due to increased software licenses and services, with a record revenue of $91 million and a gross margin of 44% [20][24] Market Data and Key Metrics Changes - The full-year 2024 bookings totaled $2.7 billion, contributing to a record year-end backlog of $4.7 billion, with a book-to-bill ratio of 1.11% [11][10] - Market demand remains stable with a healthy pipeline of opportunities related to grid resiliency, capacity, safety, and automation [11] Company Strategy and Development Direction - The company anticipates a book-to-bill ratio of at least one to one for 2025, focusing on grid edge intelligence platform content from network solutions and outcomes segments [15] - The company is actively looking for M&A opportunities in grid intelligence areas to enhance its portfolio [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2027 targets for revenue growth, margin expansion, and increased free cash flow generation, despite a normalization of revenue growth in 2025 [34][32] - The company expects 2025 revenue to be in the range of $2.4 billion to $2.5 billion, indicating flat year-over-year growth, but approximately 6% growth when normalizing for catch-up revenue from 2024 [30][32] Other Important Information - Total debt was $1.265 billion, with net debt at $214 million and cash and equivalents at $1.05 billion as of December 31 [28] - The company achieved a record free cash flow of $208 million or 9% of revenue in 2024, compared to $98 million or 5% in the prior year [27] Q&A Session Summary Question: Insights on cash generation and M&A pipeline - Management expects continued improvement in free cash flow conversion from 2024 to 2025, with a target of 10% to 12% of revenue for free cash flow [40] - The company is actively looking at various M&A targets, focusing on outcomes and grid intelligence areas [43] Question: Demand environment and outcomes growth - The outcomes business is expected to be the fastest-growing segment for 2024 to 2025, with significant potential for recurring revenue growth [47][51] Question: Regional demand and regulatory environment - North America leads in opportunities, with strong demand in Asia Pacific, while Europe is approached with caution due to market conditions [58][60] Question: Competitive environment and applications - The company maintains a substantial lead in grid edge intelligence, with a focus on innovation and customer support [62] Question: 2025 bookings and revenue recognition - Bookings are expected to be lumpy, with a one-to-one book-to-bill ratio anticipated for the year [70][115] Question: Impact of tariffs and supply chain - The company is monitoring potential tariffs on components from Mexico, with a focus on maintaining supply chain flexibility [72][144] Question: Partnerships and project updates - Partnerships with companies like GE Vernova and ABB are in pilot stages, with strong customer interest but not yet generating revenue [90] Question: Outcomes margins and variability - Outcomes gross margins are expected to improve year over year, but variability is anticipated due to the subscale nature of the business [85]

Fourth Quarter 2024 Earnings Conference Call Tom Deitrich – President and Chief Executive Officer Joan Hooper – Senior Vice President and Chief Financial Officer Paul Vincent – Vice President, Investor Relations ©2025 ITRON CONFIDENTIAL PROPRIETARY February 25, 2025 Conference Call Agenda • CEO – Business and Operations Update • CFO – Financial Results and 2025 Outlook • Q&A Forward Looking Statements This presentation contains, and our officers and representatives may from time to time make, "forward-looki ...