Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
Q3 beat-and-raise with record EBITDA and 25% ARR growth is offset by soft Q4 revenue guidance and a price target cut, creating mixed near-term sentiment.
Itron reported Q3 EPS of $1.94 vs $1.56 consensus and revenue of $599M vs $595.5M, with record adjusted EBITDA of $115M and ARR up 25% to $423M. Full-year EPS guidance was raised to $6.72-$6.82, but Q4 revenue guidance of $621-636M came in below the ~$640.8M consensus, a mixed signal that could cap upside despite the beat.
Itron Press ReleaseBNP Paribas Exane lowered its ITRI price target to $105 from $115 on a valuation multiple shift (10x from 11x, now on 2028 EV/EBITDA) while maintaining Outperform. The cut signals tempered near-term valuation expectations even as the analyst cites a structural AMI meter replacement cycle supporting multi-year growth.
Investing.comItron announced an expanded collaboration with Pacific Gas & Electric to deploy thousands of grid-edge endpoints in high-risk wildfire areas to mitigate fault risk. The deal reinforces demand narrative around resiliency solutions and was highlighted on the earnings call as supporting sustainable growth.
Yahoo Finance / The Spokesman-Review