MARKET COMPOSITE
ITRI - Itron Inc.8:00:00 PM 3/28/2024
Price
$92.52
+ 0.98 (1.07%)
Itron is an American technology company that offers products and services on energy and water resource management. Its headquarters is in Liberty Lake, Washington, United States. Its products and services include technology solutions related to smart grid, smart gas and smart water that measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. Itron has over 8,000 customers in more than 100 countries. Itron was founded by a small group of Washington Water Power engineers trying to find more efficient ways to read meters in Hauser Lake, Idaho, in 1977. In 1984, Itron experienced global expansion into the Asian market and developed new manufacturing plants in France and the U.K. By 2006, Itron consulting teams were created to offer services for energy efficiency programs, renewables, conservation and demand response. Itron gained national recognition from the White House in 2010, for its commitment to U.S.-based manufacturing and contributions to a clean energy economy.[citation needed] Within the same year, Itron and Cisco formed an alliance to deliver Internet Protocol communications to the smart grid market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology , Itron launched the Itron Riva Developers Community for the Internet of Things, for developers interested in developing software applications for the IoT space.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue577.2MM+3%
Gross Profit196.4MM+5%
Cost Of Revenue380.8MM+2%
Operating Income49.3MM-10%
Operating Expenses147.1MM+11%
Net Income44.4MM+10%
R&D53.9MM+4%
G&A81.6MM+7%
Amortization4.5MM-4%
Interest Expense1.9MM-24%
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