The Notes will accrue interest at a rate of 1.375% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2025. The Notes will mature on July 15, 2030, unless earlier converted, redeemed or repurchased. The conversion rate will initially be 7.6199 shares of common stock per $1,000 principal amount of Notes, subject to adjustment in certain circumstances. This represents an initial conversion price of approximately $131.24 per share, representing a conver ...

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. Cautionary Note Regarding Forward Looking Statements This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of ...

LIBERTY LAKE, Wash., June 17, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI) (the "Company"), which is innovating new ways for utilities and cities to manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $500.0 million aggregate principal amount of convertible senior notes due 2030 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amend ...

Investors should also note any recent changes to analyst estimates for Itron. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Cons ...

It's also important to note that ITRI currently trades at a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Testing Equipment industry had an average PEG ratio of 2.78 as trading concluded yesterday. For the full year, the Zacks Consensus Estimates are projecting earnings of $4 per share and revenue of $2.36 billion, which would represent changes of +19.05% and +8.78%, respectivel ...

LIBERTY LAKE, Wash., June 12, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Integra S.R.L. (Integra), a water, electricity, heat and gas supplier in Italy, Switzerland and Albania, has officially joined the Itron Engage Sales Channel Partner Program and is Itron's first channel partner in Italy. The Itron Engage Sales Channel Partner Program hosts an array of unique suppliers worldwide. With the addition o ...

The the stock of energy and water meter company has fallen by 0.45% in the past month, lagging the Computer and Technology sector's gain of 6.52% and the S&P 500's gain of 3.51%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Itron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. From a val ...

The alliance aims to address the issue stated by Utah State University. Per the statistics highlighted in the reports, as much as 20% of water pipes, which totals 452,000 miles, in the United States and Canada are already past their useful lifespans and require restoration on an urgent basis. Itron Inc (ITRI) recently announced a partnership with VODA.ai to introduce Pipe Asset Management — a cutting-edge solution engineered to facilitate the identification and prediction of critical pipe assets that need r ...

"Water utilities often are faced with trouble identifying pipes that are at high risk of failure. Rather than using guesswork to select pipes for replacement, which may still have useful life, Itron and VODA.ai are helping utilities use science and AI to overcome this challenge," said Don Reeves, senior vice president of Outcomes at Itron. "The tool's Lead Pipe Inventory Replacement, which uses AI to identify lead composition in water pipes, is also crucial as we strive to ensure the safe delivery of drinki ...

LIBERTY LAKE, Wash. and BOSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, and VODA.ai, which helps utilities by performing AI-based analyses, are collaborating to simplify how water utilities identify and predict which pipe assets need to be replaced, rehabilitated or contain lead. Through this collaboration, Itron will introduce Pipe Asset Management, a solution that helps utilities reduce costs associated ...