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]

Group 1: Partnership and Collaboration - Itron, Inc. has partnered with Encycle Technologies to enhance energy management efficiency for commercial and industrial customers by integrating Encycle's autonomous intelligence and HVAC optimization with Itron's energy and water management solutions [1] - The collaboration aims to reduce HVAC energy loads during peak demand, mitigate grid stress, and improve grid reliability [1][2] - The initiative utilizes Encycle's Swarm Logic software and Itron's Distributed Energy Management System (DERMS) to empower businesses and utilities in managing energy consumption during critical peak demand hours [2] Group 2: Technological Integration and Benefits - The partnership emphasizes the adoption of open standards, facilitating scalable and cost-effective programs for utilities [2] - The platform automates all phases of distributed energy resources (DERs) and active load management programs, streamlining energy optimization for commercial and industrial customers [2][3] - Businesses can reduce operational costs by leveraging demand response programs and advanced HVAC optimization [3] Group 3: Market Trends and Growth Drivers - Itron's Grid Edge Intelligence platform is positioned for growth due to factors such as rising data center demand, reindustrialization, production localization, and the electrification of transport and homes [5] - The partnership supports utilities and businesses in adapting to the increasing influx of DERs while addressing energy transition challenges [4] Group 4: Financial Outlook - Itron has raised its revenue guidance for full-year 2024 to between $2.428 billion and $2.438 billion, an increase from the previous estimate of $2.385-$2.415 billion [7] - The improved revenue outlook is expected to enhance earnings, with non-GAAP earnings per share projected at $5.28-$5.38, up from the earlier range of $4.45-$4.65 [7] Group 5: Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and its shares have increased by 42.3% over the past year, outperforming the sub-industry's growth of 15.1% [8]