Financial Performance - Itron reported a significant increase in bookings, with total bookings for the period reaching $X million, reflecting a Y% increase compared to the previous year[30]. - The total backlog at the end of the reporting period was $X billion, with a twelve-month backlog of $Y million, indicating strong future revenue potential[30]. - Total bookings increased to $2,698 million in 2024 from $2,155 million in 2023, representing a growth of 25.2%[31]. - Total backlog rose to $4,734 million in 2024, up from $4,511 million in 2023, indicating a growth of 4.9%[31]. - The company anticipates a revenue growth rate of X% for the upcoming fiscal year, driven by increased customer demand and new product launches[9]. Revenue Segments - The Device Solutions segment generated $X million in revenue, accounting for Y% of total revenue, driven by increased demand for smart meters and related hardware[25]. - The Networked Solutions segment saw a revenue increase of X%, totaling $Y million, attributed to the growth in advanced metering infrastructure and smart city applications[26]. - Itron's Outcomes segment reported recurring revenue of $X million, representing a Y% increase, highlighting the company's focus on data analytics and software services[29]. Research and Development - Itron's investment in research and development increased by Y%, reflecting its commitment to advancing smart grid technologies and IIoT solutions[12]. - Research and development investment was approximately $215 million in 2024, accounting for 9% of total revenues, compared to 10% in 2023 and 2022[39]. Workforce and Employment - The workforce consisted of 5,788 employees as of December 31, 2024, with 5,040 being permanent employees[40]. - The Americas region employed 2,657 individuals, representing 53% of the total workforce[42]. - As of December 31, 2024, the total number of employees is 5,040, with 53% located in the Americas, 27% in Europe, Middle East and Africa, and 20% in Asia Pacific & Other[42]. - The company has 748 contingent workers as of December 31, 2024, which are not included in the total employee count[43]. Strategic Initiatives - The company plans to expand its market presence through strategic acquisitions and partnerships, aiming to enhance its technology portfolio and service offerings[14]. - The company invested in strategic alliances to enhance product advancement and market entry, focusing on technology exchange and joint sales[47]. - The company completed several acquisitions, including Silver Spring Networks in 2018, to enhance its technology offerings[14]. Competitive Landscape - The company’s competitive advantage lies in its innovative capacity and ability to provide integrated solutions at scale[44]. - The competitive landscape includes major competitors such as LM Ericsson, Landis+Gyr, Advanced Energy Industries, and Xylem, Inc.[43]. - The company emphasizes its competitive advantage through an intelligent IIoT platform that is device and transport agnostic, enabling near real-time decision making[44]. Supply Chain and Operational Risks - The company has multiple sources of supply for many materials, but certain components are supplied by limited or sole-source vendors, posing supply risks[34]. - Delays in the availability of raw materials and component parts could negatively impact revenues and operational results[68]. - The company is affected by the availability and prices of raw materials and component parts used in manufacturing, including metals, plastics, and electronic components[68]. - There is reliance on single suppliers for certain raw materials, which could lead to supply chain disruptions and increased costs[68]. - Inflation in raw material costs, freight charges, and labor costs may rise above historical levels due to an uncertain economic environment[68]. Financial Obligations and Risks - As of December 31, 2024, the company's total outstanding indebtedness was $1.3 billion, with a $500 million revolving line of credit available under the 2018 credit facility[82]. - The company faces risks related to its indebtedness, including restrictions on operational flexibility and potential inability to raise additional capital[81]. - The company may need to restructure or refinance its debt if unable to meet debt service obligations, which could lead to defaults and impair liquidity[83]. Regulatory and Compliance Issues - The company is materially in compliance with governmental regulations, with no known regulations pending that would significantly impact operations[49]. - The company is subject to compliance obligations under various privacy and data protection laws, which may increase business costs and impact practices[119]. - The company has invested significant resources to comply with the Sarbanes-Oxley Act, particularly in maintaining effective internal controls over financial reporting[102]. Environmental and Sustainability Concerns - The company emphasizes the importance of managing resources efficiently in response to macro trends and climate challenges[20]. - Environmental regulations and potential liabilities could incur significant costs and adversely affect the company's operations[141]. - The company is subject to various climate-related and sustainability regulations, which may impose additional compliance costs and oversight obligations[142].

Itron (ITRI) reported $612.86 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 6.2%. EPS of $1.35 for the same period compares to $1.23 a year ago.The reported revenue represents a surprise of +1.59% over the Zacks Consensus Estimate of $603.26 million. With the consensus EPS estimate being $1.05, the EPS surprise was +28.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Itron (ITRI) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this energy and water meter company would post earnings of $1.13 per share when it actually produced earnings of $1.84, delivering a surprise of 62.83%.Over the last four quarters, ...

Summary of Fourth Quarter Consolidated Financial Results (All comparisons made are against the prior year period unless otherwise noted) Revenue Total fourth quarter revenue increased 6%, to $613 million. The increase was due to strong customer demand and operational performance. EXHIBIT 99.1 Itron Announces Fourth Quarter and Full Year 2024 Financial Results LIBERTY LAKE, Wash., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage ener ...

Core Insights - Itron, Inc. reported strong financial results for Q4 and the full year 2024, with significant growth in revenue and operating income, driven by customer demand and operational performance [1][2][5] Financial Performance - Total revenue for Q4 2024 increased by 6% to $613 million, compared to Q4 2023 [2] - Device Solutions revenue decreased by 4%, while Networked Solutions revenue increased by 6%, and Outcomes revenue surged by 25% [3] - Gross margin improved to 34.9%, up 90 basis points from the previous year due to operational efficiencies [4] - GAAP operating income rose to $63 million, a $13 million increase from the prior year, while Non-GAAP operating income increased by $10 million to $71 million [5] - Net income for Q4 was $58 million, or $1.26 per diluted share, compared to $44 million, or $0.96 per diluted share in 2023 [6] Cash Flow and Backlog - Net cash provided by operating activities was $80 million in Q4, up from $48 million in the prior year, with free cash flow increasing to $70 million from $39 million [9] - Total backlog reached a record $4.7 billion, compared to $4.5 billion in the previous year, with quarterly bookings totaling $1.4 billion [10] Outlook - The company anticipates continued growth in 2025, assuming a stable market landscape and ongoing trade policies from 2024 [11][14]

Core Viewpoint - Itron, Inc. (ITRI) is expected to report fourth-quarter 2024 earnings on February 25, with anticipated revenues between $600 million and $610 million, reflecting a 4.5% year-over-year increase [1][2]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is $603.2 million, while non-GAAP earnings per share are projected to be between $1.00 and $1.10, with a consensus estimate of $1.05 [2]. - Itron has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 49.7%. The stock has appreciated by 31.5% over the past year, significantly outperforming the Zacks Electronics-Testing Equipment industry's growth of 3.8% [3]. Key Factors Influencing Performance - Healthy demand momentum, robust operational execution, and the timing of customer shipments are expected to positively impact Itron's fourth-quarter performance [4]. - Continued strength in the Grid Edge Intelligence platform is a significant growth driver, supported by factors such as data center demand growth, reindustrialization, production localization, and electrification of transportation and homes [5]. - Increased demand for electric vehicles (EVs) and distributed energy resources (DERs) is likely to enhance customer bookings, with management focusing on leveraging AI and ML solutions for infrastructure modernization [6]. Segment Performance - The Device Solutions segment is anticipated to generate revenues of $116.5 million, driven by strong sales of smart water and electric solutions. The Outcomes segment is expected to contribute $407.6 million, benefiting from higher recurring revenues, while the Networked Solutions segment is projected to bring in $78.6 million [7]. Recent Developments - Itron has formed partnerships with Encycle Technologies, Xcel Energy, and Jemena to enhance energy management efficiency and address evolving energy needs, focusing on integrating DERs and improving grid reliability [9][11][12]. Earnings Prediction - Current models do not predict an earnings beat for Itron this quarter, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [13].

In its upcoming report, Itron (ITRI) is predicted by Wall Street analysts to post quarterly earnings of $1.05 per share, reflecting a decline of 14.6% compared to the same period last year. Revenues are forecasted to be $603.26 million, representing a year-over-year increase of 4.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this ...

Core Insights - Itron, Inc. is collaborating with Publiacqua to modernize the water distribution system for 1.3 million residents in Tuscany, Italy, by upgrading to Intelis® wSource water meters to reduce non-revenue water and enhance customer experience [1][2] Group 1: Project Overview - The project aims to digitize Publiacqua's distribution network, funded by PNRR M2C4-14.2, focusing on sustainability and reducing water loss [2] - Itron's smart water meters will provide real-time leak detection, enhanced accuracy, and optimized water delivery, significantly reducing water loss in the distribution system [2][4] Group 2: Technological Features - Intelis wSource water meters are MID-certified for R1000 accuracy, excelling in measuring low-flow water usage and detecting household leaks with high precision [2] - The meters enable remote data collection, daily billing access, and precise monitoring of distribution flow, enhancing operational efficiency [4] Group 3: Customer Engagement and Benefits - The transition to smart meters will improve customer engagement and ensure reliable water delivery to both residents and tourists in Tuscany [2] - Itron's technology allows for timely alerts regarding anomalies such as leaks or tampering, demonstrating a commitment to customer care [4]

Core Insights - Itron is collaborating with Publiacqua to modernize its water distribution system in Tuscany, Italy, by deploying Intelis wSource smart water meters to reduce water loss and enhance customer engagement [1][2] Group 1: Project Overview - Publiacqua serves 1.3 million residents in Tuscany and aims to upgrade its mechanical meters to Itron's smart water meters as part of a sustainability initiative [1][2] - The project is funded by PNRR M2C4-14.2 and focuses on digitizing the distribution network [2] Group 2: Benefits of Smart Water Meters - The Intelis wSource meters feature advanced leak detection technology, ensuring reliable and accurate data collection [2] - Key benefits include real-time leak detection, enhanced accuracy, optimized water delivery, and improved customer engagement [2][4] - The meters are MID-certified for R1000 accuracy, excelling in measuring low-flow water usage and detecting household leaks [2] Group 3: Operational Enhancements - Real-time data collection allows Publiacqua to identify and address unusual water patterns quickly [4] - Daily billing access and precise hourly consumption data logging enhance billing accuracy [4] - Ultrasonic water meters enable precise monitoring of distribution flow and detection of backflow, assessing water quality and sanitary risk [4] Group 4: Customer Communication - The system generates alarms for anomalies such as broken pipes or customer leaks, demonstrating Publiacqua's commitment to customer care [4]

Company Performance - Itron's stock closed at $107.47, reflecting a +1.48% change from the previous trading day's close, outperforming the S&P 500's daily gain of 0.53% [1] - Over the past month, Itron's shares have decreased by 2.47%, underperforming the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% [2] Upcoming Financial Results - Itron is set to announce its earnings on February 25, 2025, with an expected EPS of $1.05, representing a 14.63% decline from the same quarter last year [3] - The consensus estimate for Itron's revenue is $603.26 million, indicating a 4.52% increase compared to the previous year [3] Analyst Estimates and Valuation - Recent changes in analyst estimates for Itron suggest a shifting business landscape, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system currently rates Itron as 3 (Hold), with the consensus EPS estimate having decreased by 0.74% over the last 30 days [6] - Itron has a Forward P/E ratio of 21.89, which is lower than the industry average of 24.99, indicating a valuation discount [7] Industry Context - Itron's PEG ratio stands at 0.88, significantly lower than the Electronics - Testing Equipment industry's average PEG ratio of 2.41 [8] - The Electronics - Testing Equipment industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries [9]