Latest news with #Itron
Yahoo
19-05-2025
- Business
- Yahoo
Are Strong Financial Prospects The Force That Is Driving The Momentum In Itron, Inc.'s NASDAQ:ITRI) Stock?
Itron's (NASDAQ:ITRI) stock is up by a considerable 17% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Itron's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Itron is: 17% = US$255m ÷ US$1.5b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.17 in profit. View our latest analysis for Itron Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Itron seems to have a decent ROE. Especially when compared to the industry average of 11% the company's ROE looks pretty impressive. Probably as a result of this, Itron was able to see an impressive net income growth of 62% over the last five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place. Next, on comparing with the industry net income growth, we found that Itron's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see. Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for ITRI? You can find out in our latest intrinsic value infographic research report. Given that Itron doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. Overall, we are quite pleased with Itron's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
ITRI Q1 Earnings Call: Margin Expansion and Software Growth Offset Revenue Miss
Resource management provider Itron (NASDAQ:ITRI) missed Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $607.2 million. On the other hand, the company expects next quarter's revenue to be around $610 million, close to analysts' estimates. Its non-GAAP profit of $1.52 per share was 15.3% above analysts' consensus estimates. Is now the time to buy ITRI? Find out in our full research report (it's free). Revenue: $607.2 million vs analyst estimates of $614.1 million (flat year on year, 1.1% miss) Adjusted EPS: $1.52 vs analyst estimates of $1.32 (15.3% beat) Adjusted EBITDA: $87.93 million vs analyst estimates of $83.5 million (14.5% margin, 5.3% beat) Revenue Guidance for Q2 CY2025 is $610 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $1.35 at the midpoint, above analyst estimates of $1.29 Operating Margin: 12.6%, up from 10.4% in the same quarter last year Free Cash Flow Margin: 11.1%, up from 5.7% in the same quarter last year Market Capitalization: $5.19 billion Itron's first quarter performance was shaped by favorable shifts in product mix and continued operational execution, as highlighted by CEO Tom Deitrich. The company saw expansion of gross margins and operating efficiency, particularly due to disciplined manufacturing and customer demand for its grid edge intelligence platform. CFO Joan Hooper pointed to record margins in Device Solutions and improved recurring revenue in Outcomes as supporting factors for margin growth, despite revenue coming in flat compared to the prior year. Looking ahead, management noted that expected tariff impacts and a stable demand environment are key themes for the remainder of the year. Deitrich acknowledged the fluid tariff landscape, estimating a $15 million EBITDA effect for 2025, but emphasized that mitigation strategies and ongoing supply chain adjustments should help maintain margin strength. Hooper added that recurring software revenue and disciplined capital allocation remain top priorities as Itron navigates macroeconomic and trade uncertainties. First quarter performance was driven by a favorable product mix, margin expansion, and continued demand for advanced grid intelligence solutions. Management emphasized operational discipline, recurring software growth, and resilience to evolving trade policies. Margin Expansion Through Product Mix: Gross margin reached a quarterly record, supported by a shift toward higher-margin products in Device Solutions and Outcomes. Portfolio pruning and a move away from legacy electric offerings contributed to improved profitability. Software and Recurring Revenue Growth: Outcomes segment revenue grew 14% year-over-year, with management highlighting four consecutive quarters of double-digit growth. Recurring software licenses made up approximately 70% of Outcomes revenue, with an ultimate goal of reaching 80%. Grid Edge Platform Adoption: Customer adoption of Itron's distributed intelligence and grid edge platforms continued, with 14.4 million endpoints shipped and another 10 million-plus in backlog. Key utility projects—including those with FirstEnergy and Public Service Company of New Mexico—drove demand for solutions that enhance outage detection and infrastructure agility. Tariff and Supply Chain Management: The company's regional supply strategy, including significant manufacturing in the U.S. and USMCA-compliant sourcing from Mexico, is helping to mitigate tariff impacts. Management estimates a $15 million net EBITDA impact from current tariffs for 2025, with most of the cost expected in the second half of the year. Constructive Regulatory Environment: Management described a supportive regulatory backdrop for utility software purchases, with the majority of states enabling rate-base inclusion for software and performance-based rates, facilitating ongoing Outcomes segment growth. Management's outlook for the next quarter and the remainder of the year centers on navigating tariff headwinds, sustaining margin improvements, and driving recurring software revenue growth, while acknowledging macroeconomic and regulatory uncertainties. Tariff Impact Mitigation: Itron is focused on offsetting anticipated tariff impacts through regional manufacturing, sourcing flexibility, and selective pricing adjustments, aiming to minimize disruption to margins and profitability. Recurring Revenue Expansion: Strategic emphasis remains on growing the Outcomes software segment, with management targeting a higher proportion of recurring revenue and ongoing margin expansion through product mix and operational leverage. Stable Utility Demand: The company sees steady customer demand for infrastructure modernization and grid intelligence solutions, although management noted that broader macroeconomic shifts could affect order timing or project execution later in the year. Noah Kaye (Oppenheimer): Asked if tariff headwinds would alter full-year guidance; management said it is too early to update, but current mitigation keeps guidance on track. Ben Kallo (R.W. Baird): Questioned regulatory progress on utilities capitalizing software; Tom Deitrich pointed to positive trends and mechanisms in most states enabling inclusion in rate bases. Jeff Osborne (TD Cowen): Inquired about the timing of tariff cost impacts and CapEx implications; management expects most tariff costs in the year's second half and no material change to capital expenditures. Joe Osha (Guggenheim): Sought clarity on margin sustainability in Outcomes after strong results; Joan Hooper said margins will fluctuate with software mix but expects year-over-year margin growth. Chip Moore (ROTH Capital Partners): Asked about capital allocation priorities; Joan Hooper indicated acquisitions to expand software capabilities are the top focus, with active exploration of potential deals. In the coming quarters, the StockStory team will closely monitor (1) the pace of recurring revenue growth in the Outcomes segment, (2) the effectiveness of tariff mitigation strategies as new trade measures are implemented, and (3) ongoing customer adoption of Itron's grid edge and distributed intelligence solutions. We will also watch for updates on potential software-focused acquisitions, which could accelerate recurring revenue and margin expansion. Itron currently trades at a forward P/E ratio of 20.7×. Should you double down or take your chips? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
13-05-2025
- Business
- Yahoo
Itron (ITRI): Buy, Sell, or Hold Post Q1 Earnings?
Itron trades at $108.58 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 10.4% while the S&P 500 is down 5.5%. This may have investors wondering how to approach the situation. Given the weaker price action, is this a buying opportunity for ITRI? Find out in our full research report, it's free. Founded by a small group of engineers who wanted to build a more efficient way to read utility meters, Itron (NASDAQ:ITRI) offers energy and water management products for the utility industry, municipalities, and industrial customers. We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Itron's EPS grew at a remarkable 13.1% compounded annual growth rate over the last five years, higher than its flat revenue. This tells us management responded to softer demand by adapting its cost structure. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. As you can see below, Itron's margin expanded by 5.3 percentage points over the last five years. We have no doubt shareholders would like to continue seeing its cash conversion rise as it gives the company more optionality. Itron's free cash flow margin for the trailing 12 months was 9.9%. A company's long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Unfortunately, Itron struggled to consistently increase demand as its $2.44 billion of sales for the trailing 12 months was close to its revenue five years ago. This wasn't a great result, but there are still things to like about Itron. Itron's merits more than compensate for its flaws. With the recent decline, the stock trades at 19.8× forward P/E (or $108.58 per share). Is now the right time to buy? See for yourself in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Yahoo
06-05-2025
- Business
- Yahoo
Itron Now Accepting Nominations for Seventh Annual Itron Innovator Award
Itron, Inc. Award Recognizes Itron Customer Driving Innovation with Itron's Solutions LIBERTY LAKE, Wash., May 06, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), a global leader revolutionizing energy and water management for utilities and cities, which is innovating new ways for utilities and cities to manage energy and water, is now accepting nominations for the 7th annual Itron Innovator Award. The award will recognize an Itron utility or city customer that has taken advantage of Itron's partner enablement program to deliver an innovative solution that improves resource efficiency, enhances safety and fosters community connectivity. The winner will be announced at Itron Inspire 2025, Itron's premier customer-focused event, which takes place Oct. 24-30 in Orlando, Florida. The deadline for nominations is Monday, June 30, 2025. The nominated customer and their solution should either be in a pilot phase, deployed in the field or generating quantifiable outcomes. Additionally, successful integration with an Itron solution—whether networks, back-office software, or our distributed intelligence platform—is a key criterion for consideration. In 2024, the award was presented to Hydro One, Ontario's largest electricity provider, for its technology initiatives that leveraged Itron's Distributed Intelligence (DI) applications available through the Itron Enterprise Application Center and Distribution Automation (DA) solutions to assist with its grid modernization initiatives. For a list of all the previous award winners, visit the award landing page. 'Our customers continue to pioneer new solutions, leveraging the innovations made possible through our partner enablement program. To showcase what's possible and to recognize our customers' abilities to solve challenges in energy, water and smart city management, we are thrilled to accept nominations for this year's Itron Innovator Award,' said Christina Haslund, head of partner management at Itron. Itron's robust partner ecosystem plays a pivotal role in delivering innovative solutions. Through Itron's ecosystem and partner network, cities and utilities can benefit from cutting-edge solutions to address vital business, operational and community challenges, fostering resourceful and vibrant communities for generations to come. Submit an Itron customer project here by June 30, 2025.
Yahoo
01-05-2025
- Business
- Yahoo
3 Million Itron Intelis Gas Meters and Counting: Peoples Natural Gas Receives Milestone Meter
Itron's Intelis Gas Meter Supports Peoples Natural Gas' Commitment to Safety and Reliability for Residents in Pennsylvania and Kentucky LIBERTY LAKE, Wash., May 01, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, marks a significant milestone with the 3 millionth shipment of its Itron's Intelis® gas meter. The milestone meter was received by Peoples Natural Gas, the largest natural gas distribution company in Pennsylvania. Itron's Intelis solid-state residential gas meter helps utilities like Peoples Gas and many other leading gas utilities ensure reliability and access key benefits including: Enhanced Safety: Advanced sensing and automatic valve closure in the event of high pressure, high flow or high temperature. Any of these events trigger the internal valve to close automatically. Remote Shut-Off Capabilities: The remote shut-off valve can be configured and activated for events such as safety events, move outs, or line maintenance. Seamless Transition from Automated Meter Reading (AMR) to Advanced Metering Infrastructure (AMI): Intelis gas meters can support both AMR and networked AMI functionality, easing this transition at the utility's own pace. Gas Distribution System Insights: As gas utilities transition to AMI, Itron provides advanced software to visualization, monitor and track all the safety events and alarms that are generated by the Intelis gas meters to provide real time visibility for managing safety across the gas distribution network. Lightest Residential Gas Meter in North America: At 4.35 pounds, the compact size significantly streamlines installation and storage, which enhances utility employee safety and reduces carbon emissions due to transportation efficiencies. 'At Peoples Natural Gas, we strive to make lives better. This is the aspiration of our company and the goal that we work toward every day. The enhanced capabilities of the meters allow us to improve customer service and safety,' said Ron King VP Gas Operations at Peoples Natural Gas. 'Our work together with Itron began almost 30 years ago when we deployed AMR devices. After years of success with Itron, we are honored to receive this milestone meter and look forward to embarking on this new journey and improving gas distribution operations.' 'Enhancing safety and improving operational efficiencies are the basis of Itron's gas edge solutions,' said John Marcolini, senior vice president of Networks at Itron. 'Peoples Natural Gas is creating an interactive gas distribution network with Intelis gas meters, enabling two-way communication between the end-customer and the utility. With more than 100 million gas endpoints and 3 million Intelis meters shipped globally, we are helping our customers reach beyond traditional meter-to-cash benefits, leveraging deeper analytics and applications to set new standards for safety and reliability.' To learn more about Itron's Intelis gas meter, visit Itron booth 1201 at the American Gas Association conference or go it to the Intelis meter product page. About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: Itron®, the Itron Logo and Intelis are registered trademarks of Itron, Inc in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. For additional information, contact: Itron, Inc. Alison MallahanSenior Manager, Corporate Communications509-891-3802PR@ Paul VincentVice President, Investor Relations512-560-1172Investors@ Itron, Inc. LinkedIn: X: Newsroom: Blog:
