AI at the Grid Edge Enables Utilities to Strengthen Grid ReliabilityAI at the Grid Edge Enables Utilities to Strengthen Grid ReliabilityLIBERTY LAKE, Wash., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working with Gordian Technologies (Gordian) to bring artificial intelligence (AI) and machine learning (ML) to the grid edge. Itron is enhancing its Grid Edge Intelligence (GEI) portfolio with Gordian’s AI an ...

Summary of Tantalus Systems Holding Conference Call Company Overview - **Company Name**: Tantalus Systems Holding - **Ticker Symbols**: GRID (Toronto Stock Exchange), TGMP.F (OTCPK) - **Location**: Vancouver metropolitan area, Canada - **Employee Count**: Approximately 150 employees across the U.S. and Canada - **Customer Base**: Supports over 325 utilities, adding about 20 new utilities annually [2][3] Industry Context - **Focus**: Technology company aiding electric utilities in modernizing the distribution grid - **Market Dynamics**: Increasing demand for electricity due to data centers, AI, and electrification of transportation, posing challenges for grid reliability [2][4] - **Regulatory Environment**: New Canadian administration initiatives may provide opportunities for expansion in Canada [4] Financial Performance - **Revenue**: Approximately $50 million on a trailing 12-month basis, with 35% from software and services and 25% from recurring revenue [5][13] - **Recurring Revenue Growth**: 20% compounded annual growth since 2016 [5] - **Adjusted EBITDA**: Positive adjusted EBITDA reported, with a historical record of 18 consecutive quarters of positive adjusted EBITDA prior to a $15 million R&D initiative [5][6] - **Gross Profit Margin**: Average gross profit margin of 54% [23] Product and Technology - **TruSense Gateway**: A new innovation aimed at enhancing grid modernization, providing granular power quality data and enabling utilities to manage demand effectively [5][12][16] - **Device Economics**: TruSense Gateway sold for approximately $550, with an annual software maintenance fee of about $11 per device [29] - **Data Utilization**: The device captures data to help utilities manage power supply and demand, enhancing operational efficiency and safety [17][21] Market Opportunities - **Utility Sector Drivers**: Three main drivers identified: increasing electricity consumption, rising power outages due to extreme weather, and a retiring workforce in the utility sector [10][11] - **Automation and Data Analytics**: Emphasis on automation to replace retiring engineers and leveraging data analytics for predictive maintenance and operational improvements [11][18] - **Long-term Growth Potential**: Significant market opportunity estimated in the billions, with a focus on scaling operations and increasing market share against larger competitors [11][28] Strategic Focus - **Retention Rate**: 99% retention rate over the last two decades, indicating strong customer loyalty [22] - **Investment in R&D**: Continued investment in R&D to drive innovation and market competitiveness [6][24] - **Management Team**: Experienced leadership team with a focus on scaling the company and enhancing operational governance [25][26] Conclusion - **Current Position**: Tantalus Systems is well-positioned to capitalize on the growing demand for grid modernization solutions, with a solid financial foundation and innovative product offerings [28] - **Future Outlook**: The company aims to achieve adjusted EBITDA margins of 15% to 17.5% as it scales operations and continues to grow its customer base [30][24]

Core Insights - Itron, Inc. has signed a definitive agreement to acquire Urbint, Inc. for $325 million, which will be funded through cash on hand, with the transaction expected to close in Q4 2025 [1][2]. Company Overview - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions that enhance efficiency, resilience, and service reliability [3]. - Urbint aims to predict and prevent incidents threatening critical infrastructure, workers, communities, and the environment using real-world data and artificial intelligence [5]. Strategic Implications - The acquisition of Urbint is part of Itron's strategy to address pressing industry issues, enhancing its offerings with AI-powered operational resilience solutions [2]. - The integration of Urbint's technology is expected to help utilities manage challenges related to aging infrastructure and extreme weather, improving response times after major weather events and protecting underground assets [2].

Itron (ITRI) FY Conference Summary Company Overview - Itron is a technology and solutions provider for utilities and cities globally, with a market cap of approximately $5.5 to $6 billion and annual revenue of about $2.5 billion [4][5] - The company serves around 8,000 customers, focusing on electricity, gas, and water utilities [5] Industry Challenges - Utilities face aging infrastructure and the need to integrate renewable energy sources, leading to increased complexity in managing generation capacity [6] - Environmental pressures such as floods, fires, and storms necessitate resilient and reliable utility services [6] - Consumer expectations for service interaction with utilities are rising [6] Technological Solutions - Itron's grid edge intelligence platform connects various endpoints through a secure IoT network, enabling proactive problem-solving for utilities [8] - The platform allows for applications that can monitor energy usage and detect potential issues, enhancing operational efficiency [8] Financial Performance and Outlook - The company revised its profitability outlook upward by 13% year-over-year but lowered revenue expectations by about 3% or $75 million due to project timing and labor constraints [9][12] - Itron has a backlog of $4.5 billion, providing three to four years of visibility for revenue flow [14] - The utility industry is expected to grow significantly, with a projected annual growth rate of 2-7% over the next 20-30 years [16] Customer Demand and CapEx Trends - The pipeline of opportunities for Itron is at an all-time high, with utility CapEx budgets increasing year-over-year [20][21] - Distribution CapEx is growing faster than other segments, expected to rise from 42% to 43-44% of total budgets in the coming years [21] - Utilities are prioritizing projects based on operational readiness, leading to potential delays in project timelines [22] Regulatory Environment - Rate cases are becoming more complex and taking longer to approve due to increased scrutiny from utility commissions [30] - The average return on approved rate cases is around 9.8%, indicating a constructive regulatory environment despite longer approval times [32] Federal Policy Impact - Federal funding from initiatives like the IIJA is seen as a secondary effect, with utilities likely to proceed with projects regardless of funding availability [37][40] - The company has not observed any significant pullback in project funding, although there is a shift towards legacy projects over renewables [40] Long-term Growth Targets - Itron remains confident in achieving its 2027 growth targets, with current performance tracking ahead of expectations [43] - The outcomes business has shown double-digit growth, driven by increased data utilization and customer demand for advanced solutions [48] M&A Strategy - Itron is actively seeking M&A opportunities to enhance its outcomes business, focusing on scalable and data-driven solutions [63][66] - The company is prepared to act quickly on suitable acquisitions, leveraging a strong balance sheet [68] Margin and Cash Flow Insights - Despite lower revenue projections, Itron raised its profitability outlook due to better product mix and productivity improvements [69] - Free cash flow conversion is tracking ahead of targets, driven by reduced capital expenditures and favorable tax legislation [78][80] Conclusion - Itron is well-positioned to capitalize on the growing demand for utility solutions amid significant industry challenges, with a strong focus on technology, regulatory navigation, and strategic growth initiatives [82]

Core Insights - Itron, Inc. reported solid second quarter results with record levels of margin, profitability, and cash flow despite macroeconomic uncertainties [1][2] - Total revenue for the second quarter was $607 million, slightly down from $609 million in the prior year, reflecting a catch-up of previously constrained revenue [2][8] - The company experienced a 5% decrease in Device Solutions revenue, while Outcomes revenue increased by 9% due to higher recurring revenue and software licenses [3][8] Revenue Breakdown - Device Solutions revenue decreased by 5%, or 8% in constant currency, primarily due to lower legacy electricity product sales [3] - Networked Solutions revenue saw a 1% decrease compared to the second quarter of 2024, attributed to the timing of shipments and project deployments [3] - Outcomes revenue increased by 9%, driven by increased recurring revenue and software licenses [3] Profitability Metrics - Gross margin for the second quarter was 36.9%, an increase of 230 basis points from the prior year, attributed to product and customer mix [4] - GAAP operating income rose to $76 million, a $12 million increase from the prior year, while non-GAAP operating income increased by $13 million to $82 million [5] - Net income attributable to Itron, Inc. was $68 million, or $1.47 per diluted share, compared to $51 million, or $1.10 per diluted share in 2024 [6] Cash Flow and Backlog - Net cash provided by operating activities was $97 million, up from $52 million in the prior year, with free cash flow increasing to $91 million from $45 million [8][9] - Total backlog at the end of the quarter was $4.5 billion, compared to $4.1 billion in the prior year, with bookings totaling $454 million [10] Outlook - The company updated its outlook for the full year 2025, projecting revenue between $2.35 billion and $2.4 billion and non-GAAP diluted EPS between $6.00 and $6.20 [14]

Core Viewpoint - Itron, Inc. is set to release its financial results for the quarter ending June 30, 2025, on July 31, 2025, before market opens, followed by a management conference call to discuss the results [1]. Group 1 - The financial results will be available on the company's website at 8:30 a.m. EDT on July 31, 2025 [1]. - A management conference call will take place at 10 a.m. EDT on the same day to discuss the financial results [1]. - Interested parties can access the conference call via a live webcast and should pre-register and test audio software beforehand [2]. Group 2 - A replay of the conference call will be available until August 7, 2025, on the company's website [3]. - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions [4]. - The company aims to improve efficiency, build resilience, and provide safe, reliable, and affordable services to utilities and cities [4].