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Itron and the City of Tucson Collaborate on New AMI Project to Enhance Water Conservation
Globenewswire· 2025-12-09 13:45
Core Insights - Tucson Water is partnering with Itron, Inc. to implement Advanced Metering Infrastructure (AMI) Essentials for water, aimed at enhancing water conservation efforts and improving operational efficiency [1][2][5] Group 1: Project Overview - The AMI project began in Q3 2025 and is expected to be fully completed by the end of 2029, aligning with Tucson's One Water 2100 Plan for sustainable water management [2][6] - Itron's solution includes 250,000 smart water communication modules, cellular Network-as-a-Service (NaaS), and Temetra meter data management, facilitating a comprehensive transformation of Tucson's water utility operations [2][4] Group 2: Key Benefits - Water Conservation: The AMI solution will help identify potential leaks and provide detailed consumption data, empowering customers to make informed water usage decisions [4][5] - Enhanced Customer Service: The system will proactively alert the city of unusual spikes in water usage, enabling swift responses to reduce water loss [4][5] - Improved Operational Efficiency: The modules will automatically collect and transmit data, optimizing resource use and saving time for the utility [4][6] Group 3: Technological Components - Itron Cellular 500W Modules will transform existing water meters into smart meters, collecting data every 15 minutes [4] - Itron's Cellular NaaS will manage the network and software, ensuring secure data collection and management [4] - Temetra, Itron's cloud-based platform, will unify meter readings and support proactive infrastructure management [4][6] Group 4: Strategic Importance - The deployment of AMI is seen as a crucial investment for Tucson Water, enhancing reliability and resilience in water management [5][6] - The initiative reflects Tucson's commitment to responsible water stewardship and community-driven conservation strategies [2][5]
Itron, Inc. Announces Annual Meeting
Globenewswire· 2025-12-04 21:05
Core Points - Itron, Inc. has announced that its 2026 Annual Meeting of Shareholders will take place on May 7, 2026, with further details to be provided in the notice sent to shareholders [1] - The date for the 2026 annual meeting was previously set for May 14, 2026, as per a proxy statement filed with the SEC on March 24, 2025 [2] - Shareholders wishing to propose nominations for the election of directors must submit their written notice between January 7, 2026, and February 6, 2026 [2] - Additional information regarding shareholder proposals can be found in Itron's proxy statement filed with the SEC [3] Company Overview - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions [4] - The company's technology aims to enhance efficiency, resilience, and the delivery of safe, reliable, and affordable services [4] - Itron connects people, data insights, and devices to help communities manage essential resources effectively [4]
Itron, Inc. 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:ITRI) 2025-11-29
Seeking Alpha· 2025-11-29 10:33
Group 1 - The article does not provide any specific content related to a company or industry, as it appears to be a technical issue regarding browser settings and ad-blockers [1]
Inside the Digital Nerve System of Modern Utilities and the $100 Million Bet on Itron
The Motley Fool· 2025-11-26 03:50
Company Overview - Itron, Inc. is a leading technology provider specializing in integrated solutions for utilities and smart cities, addressing energy, water, and infrastructure management needs [5] - The company generates revenue through direct sales and partnerships by providing end-to-end measurement, control, and analytics solutions, as well as cloud-based services and ongoing maintenance [8] - Itron's strategy focuses on combining hardware, network connectivity, and advanced analytics to deliver operational efficiency and actionable insights for clients [6] Financial Metrics - As of November 5, 2025, Itron's share price was $107.15, with a market capitalization of $4.87 billion [4] - The company's revenue for the trailing twelve months (TTM) was $2.41 billion, and net income for the same period was $257.53 million [4] Investment Activity - Impax Asset Management Group increased its investment in Itron by acquiring approximately 890,040 shares, raising the position's value by $105.16 million, totaling 1,588,950 shares worth $197.15 million as of September 30, 2025 [2][3] - The Itron stake represents 1.15% of Impax's 13F assets under management (AUM) after the trade [3] Market Position and Growth Potential - Itron plays a crucial role in modernizing utility infrastructure, with its devices measuring and managing electricity and water flow [11] - The company has strategic customer relationships and high switching costs, which could support long-term growth if it successfully expands its revenue from analytics, software, and higher-margin services [12] - Itron's importance is underscored by its ability to help cities respond to aging infrastructure, tighter regulations, and rising efficiency demands [11]
Growth ETF QGRO Reweights Its Holdings: What’s Up, What’s Down
Etftrends· 2025-11-25 21:55
Core Insights - The American Century U.S. Quality Growth ETF (QGRO) has made significant adjustments to its holdings, reflecting the flexibility of ETF managers in response to market movements [1][3][6] Fund Overview - QGRO was launched in September 2018 and charges 29 basis points for investing in U.S. firms with high growth potential and strong fundamentals [2] - The fund tracks the American Century U.S. Quality Growth Index, which screens for factors like income and quality using metrics such as cash flow and profitability [2] Recent Changes in Holdings - Notable changes in QGRO's portfolio include the dropping of at least two stocks and the addition of two new stocks, along with adjustments to the weights of six existing stocks [3] - Major tech companies such as Alphabet (GOOGL), Meta Platforms (META), and Amazon (AMZN) saw their weights decrease by 1.22%, 1.32%, and 1.74% respectively between November 21 and 24 [3] - Conversely, Amphenol Corporation (APH), Ralph Lauren Corporation (RL), and Expedia Group, Inc. (EXPE) experienced weight increases of 3.53%, 2.1%, and 1.33% respectively [4] Specific Stock Adjustments - The two stocks that were dropped from QGRO included Itron Inc. (ITRI) and Booz Allen Hamilton Holding Corporation (BAH), which had weights of 0.76% and 0.72% respectively before being removed [5] - The largest additions to the fund were Cardinal Health, Inc. (CAH) and HCA Healthcare, Inc. (HCA), with weights of 1.08% and 1.25% respectively [5] Performance Metrics - QGRO has achieved a year-to-date return of 12.4%, focusing on quality and growth-oriented companies [6] - The recent reduction in weight for three major tech stocks may attract investors looking to diversify into other rising companies [6]
Itron and CLS Team Up to Accelerate Smart Lighting Infrastructure
ZACKS· 2025-11-24 13:11
Core Insights - Itron, Inc. has announced the addition of Connected Lighting Solutions (CLS) to its Engage Sales Channel Partner Program in Australia, aiming to enhance the deployment of smart lighting technologies across the country [1][10] - The partnership is expected to leverage CLS's local expertise in street lighting and Itron's advanced smart lighting capabilities to support councils and utilities in achieving efficient and sustainable lighting solutions [3][6] Group 1: Partnership Details - CLS will assist in the deployment of Itron's smart lighting technologies, including the Networked Lighting Controller (NLC) and CityEdge software platform [1] - The Itron Engage program is designed to empower local partners with training and tools, simplifying procurement and reducing deployment risks through on-site support [2][10] - The collaboration aims to enhance public services, cut emissions, and improve urban quality of life, particularly as over 90% of Australians reside in urban areas [4] Group 2: Service Offerings - CLS will provide comprehensive support for customers adopting Itron's smart lighting solutions, covering project design, installation, and ongoing maintenance [5] - The CityEdge platform will enable features such as remote monitoring, adaptive lighting schedules, and real-time outage detection, which are crucial for enhancing public safety and reducing energy waste [5] Group 3: Strategic Initiatives - Itron's partnership with CLS strengthens its presence in Australia and makes its smart lighting solutions more accessible [6] - The company is also focusing on strategic collaborations, such as its partnership with Gordian Technologies to integrate AI and machine learning into its Grid Edge Intelligence portfolio [7] - Itron plans to acquire Urbint, Inc. for $325 million to enhance its AI and safety analytics capabilities, which aligns with its strategy to improve grid resilience and disaster management [7] Group 4: Financial Outlook - For the fourth quarter of 2025, Itron expects revenues to be between $555 million and $565 million, reflecting a 9% year-over-year decline at the midpoint [8] - The anticipated non-GAAP EPS is projected to be in the range of $2.15 to $2.25 [8] Group 5: Market Performance - Itron currently holds a Zacks Rank of 3 (Hold) and has seen a stock decline of 19.4% over the past year, compared to an 11.9% decline in the Zacks Electronics - Testing Equipment industry [9]
ITRI Boosts Resiliency Solutions Portfolio With $525M Locusview Buyout
ZACKS· 2025-11-21 15:56
Core Insights - Itron, Inc. has signed a definitive agreement to acquire Locusview, Ltd. for $525 million, expected to close in January 2026 [1][8] - The acquisition aims to enhance Itron's Resiliency Solutions portfolio and improve infrastructure deployment capabilities for utility providers [2][8] - Itron is actively pursuing acquisitions to strengthen its digital and operational intelligence offerings amid macroeconomic pressures [3][4] Acquisition Details - Locusview's platform is designed for utility construction management, providing a scalable SaaS solution that improves productivity and project management [2] - The acquisition of Urbint, Inc. for $325 million is also planned to enhance Itron's AI and safety analytics capabilities, expected to close in Q4 2025 [4] - Itron's acquisition strategy includes previous purchases like Elpis Squared, aimed at optimizing energy distribution [5] Financial Performance and Outlook - Itron's Networked Solutions segment generated 73.9% of total revenues in Q3 2025, amounting to $365.4 million, driven by connected infrastructure projects [5] - The company is facing softer near-term demand, leading to a reduction in 2025 revenue outlook to $2.35–$2.36 billion and a fourth-quarter revenue guidance of $555–$565 million [6][8] - Itron's bookings for 2025 are expected to fall below the 1:1 target due to delays in customer decisions and macroeconomic uncertainties [6] Market Position - Itron currently holds a Zacks Rank of 3 (Hold), with its stock declining 20.8% over the past year, compared to a 13.5% decline in the Zacks Electronics - Testing Equipment industry [7]
Itron and Connected Lighting Solutions Work Together to Expand Smart Lighting Infrastructure in Australia
Globenewswire· 2025-11-19 23:00
Core Insights - Itron, Inc. has announced that Connected Lighting Solutions (CLS) has joined its Engage Sales Channel Partner Program in Australia, enhancing the deployment of smart lighting technologies [1][5] - The partnership aims to improve public services, reduce emissions, and enhance livability in urban areas by leveraging CLS's local expertise and Itron's advanced smart lighting solutions [2][4] Company Collaboration - CLS will provide end-to-end support for the deployment of Itron's smart lighting technology, including project design, deployment, and ongoing maintenance [4] - The collaboration will facilitate the integration of Itron's CityEdge platform, which offers capabilities such as remote streetlight monitoring and real-time outage detection [4][6] Market Impact - The partnership is expected to strengthen Itron's presence in Australia, making it easier for customers to access smart lighting solutions [5] - By combining Itron's industrial IoT platform with CLS's local knowledge, the collaboration aims to enable more efficient and reliable smart lighting deployments [6]
Itron: Acquisitive Amidst A Mixed Performance (NASDAQ:ITRI)
Seeking Alpha· 2025-11-19 20:25
Core Insights - Itron, Inc. (ITRI) is currently focusing on improving margins while investors are looking for sales growth in the industrial IoT and edge intelligence sectors [1] Group 1: Company Overview - Itron, Inc. is positioned well in the industrial IoT and edge intelligence service market [1] - The company has been delivering on margins, indicating operational efficiency [1] Group 2: Investment Opportunities - The investment group "Value In Corporate Events" provides insights on major corporate events such as IPOs, mergers & acquisitions, and earnings reports, aiming to identify the best investment opportunities [1]
Itron Expands Presence in United Kingdom Water Sector with New Cyble™ 5 Contract
Globenewswire· 2025-11-18 13:45
Core Insights - Itron, Inc. is collaborating with Northumbrian Water Limited to modernize its water distribution system by deploying 330,000 Itron Aquadis+ volumetric water meters equipped with Cyble 5 communication modules by 2029 [1][2][3] - The deployment is part of Northumbrian Water's strategy to meet strict water leak reduction goals set by Ofwat, the water sector regulator in England and Wales [2][5] - The initiative aims to enhance customer service, ensure reliable water supply, and promote water conservation through real-time data collection and educational campaigns [3][4] Company and Industry Overview - Itron is recognized as a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services, focusing on innovative systems and resource conservation [6] - The collaboration with Northumbrian Water is part of a broader trend in the U.K. water sector, where utilities are encouraged to reduce leaks by 50% from a 2017-18 baseline by 2050 [5] - The Cyble 5 solution enables utilities to transform mechanical meters into communicating devices, improving operational efficiency and billing accuracy [5][4]