Stock Data
$16.61 (19.59%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SCIENTIFIC & TECHNICAL INSTRUMENTS
Itron Inc specializes in innovative technology and services for managing energy, water, and smart city infrastructure. With a focus on sustainability and efficiency, it offers solutions across three main areas: Device Solutions for hardware like meters and sensors, Networked Solutions for smart devices and infrastructure, and Outcomes for data management and analytics using AI and machine learning. Serving utilities and municipalities globally, Itron aims to enhance operational profitability and resource efficiency, supporting the transition to smart cities. Founded in 1977, Itron is committed to improving utility management and urban living.
Itron crushed earnings with a 23.7% EPS beat on record 41.4% gross margins, offsetting a modest revenue miss as the company shifts to higher-margin recurring revenue streams that jumped 21% year-over-year; management raised full-year guidance citing durable demand for grid expansion and resiliency.
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