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Itron Inc (ITRI.O)

ITRI.O on Nasdaq

76.60USD
22 Sep 2017
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$0.75 (+0.99%)
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Latest Key Developments (Source: Significant Developments)

Itron says Silver Spring Networks to pay co termination fee of $32.3 mln, if co terminates deal
Monday, 18 Sep 2017 08:48am EDT 

Sept 18 (Reuters) - Itron Inc ::Merger agreement also provides that Silver Spring will be required to pay Itron a termination fee of $32.3 million if co terminates agreement.  Full Article

Itron to acquire Silver Spring Networks
Monday, 18 Sep 2017 07:15am EDT 

Sept 18 (Reuters) - Itron Inc :Itron to acquire Silver Spring Networks to accelerate smart grid and smart city innovation and growth.Itron Inc - deal for ‍$16.25 per share​.Itron Inc - deal ‍accretive to non-GAAP EPS and adjusted EBITDA in 2019​.Itron Inc - deal for ‍approximately $830 million​.Itron Inc - ‍transaction is valued at approximately $830 million​.Itron Inc - ‍anticipates approximately $50 million in annualized cost synergies to be substantially realized within three years of completing deal​.Itron Inc - plans to finance transaction using a combination of cash and approximately $750 million in incremental new debt.Itron Inc - fully committed financing for deal has been provided by Wells Fargo.Itron Inc - deal value of about $830 million is net of $118 million of silver spring's cash​.  Full Article

Itron Q2 GAAP earnings per share $0.36
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Itron Inc :Itron announces second quarter 2017 financial results.Q2 non-GAAP earnings per share $0.71.Q2 GAAP earnings per share $0.36.Q2 revenue $503 million versus I/B/E/S view $491.8 million.Sees FY 2017 non-GAAP earnings per share $2.95 to $3.15.Sees FY 2017 revenue $2.03 billion to $2.06 billion.Q2 earnings per share view $0.68 -- Thomson Reuters I/B/E/S.Itron Inc says company raises full-year 2017 guidance.FY2017 earnings per share view $3.02, revenue view $1.99 billion -- Thomson Reuters I/B/E/S.  Full Article

Itron names Joan Hooper chief financial officer
Wednesday, 31 May 2017 04:05pm EDT 

May 31 (Reuters) - Itron Inc :Itron names joan hooper chief financial officer.Itron inc- ‍hooper will take over cfo role from robert farrow, itron's interim cfo since march 2017​.  Full Article

Itron poised to drive new grid and customer experience solutions with Comverge acquisition
Monday, 8 May 2017 08:00am EDT 

May 8 (Reuters) - Itron Inc :Itron poised to drive new grid and customer experience solutions with Comverge acquisition.To acquire privately held Comverge by purchasing its parent company, Peak Holding corp, in a cash transaction valued at about $100 million.Excluding some costs, anticipates acquisition will be neutral to non-GAAP earnings per share in 2017 and accretive beginning in 2018.  Full Article

Itron Q1 GAAP earnings per share $0.40
Wednesday, 3 May 2017 04:05pm EDT 

May 3 (Reuters) - Itron Inc ::Itron announces first quarter 2017 financial results.Q1 non-GAAP earnings per share $0.57.Q1 GAAP earnings per share $0.40.Q1 revenue $478 million versus I/B/E/S view $469.3 million.Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Itron Inc says bookings in quarter totaled $424 million, an increase of 8 percent compared with bookings in q1 of 2016.  Full Article

Itron says CFO Mark Schmitz will be stepping down
Tuesday, 28 Mar 2017 08:45am EDT 

Itron Inc : Itron announces chief financial officer transition . Itron announces chief financial officer transition . Itron Inc - Mark Schmitz, company's executive vice president and chief financial officer will be stepping down . Itron Inc - Robert Farrow will serve as interim CFO . Says Schmitz will remain available for one month to ensure a smooth transition during Q1 accounting close .Itron Inc - company has engaged a firm to conduct an external search for qualified candidates to fill CFO position.  Full Article

Itron sees FY2017 revenue $1.9 billion to $2.0 billion
Tuesday, 28 Feb 2017 04:05pm EST 

Itron Inc : Itron reports fourth quarter and full year 2016 financial results . Q4 non-gaap earnings per share $0.68 . Q4 gaap earnings per share $0.30 . Q4 revenue $495.7 million versus i/b/e/s view $481.4 million . Sees fy 2017 non-gaap earnings per share $2.80 to $3.10 . Sees fy 2017 revenue $1.9 billion to $2.0 billion . Q4 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Itron says bookings in quarter totaled $653 million . Itron inc sees full year 2017 revenue between $1.9 billion and $2.0 billion .Fy2017 earnings per share view $2.97, revenue view $2.08 billion -- Thomson Reuters I/B/E/S.  Full Article

Itron said of the total estimated charge from restructuring , more than 90% is expected to result in cash expenditures
Thursday, 1 Sep 2016 08:58am EDT 

Itron Inc :Of the total estimated charge from restructuring , more than 90% is expected to result in cash expenditures - SEC Filing.  Full Article

Itron Q2 non-GAAP earnings per share $0.65
Thursday, 1 Sep 2016 08:50am EDT 

Itron Inc : Itron announces second quarter 2016 financial results . Q2 non-gaap earnings per share $0.65 . Q2 gaap earnings per share $0.52 . Q2 revenue $513 million versus I/B/E/S view $478.7 million . Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Sees FY 2016 non-gaap earnings per share $2.20 to $2.45 . Sees FY 2016 revenue $1.95 billion to $2.0 billion . Announces new restructuring projects; targeting additional annualized cost savings of approximately $40 million . Says total backlog was $1.3 billion and twelve-month backlog was $688 million at end of quarter . Says bookings in quarter totaled $349 million, reflecting a number of diverse bookings in all segments across many customers . Itron Inc says expect to achieve additional annualized cost savings of approximately $40 million by end of 2018 from these projects . Expects to close or consolidate several facilities and reduce its global workforce as a result of restructuring . Itron Inc says updated full year guidance . Expects to file its form 10-Q for Q2 no later than Sept. 12, 2016 . Sees FY 2016 revenue between $1.95 and $2.0 billion . FY 2016 earnings per share view $2.17, revenue view $1.95 billion -- Thomson Reuters I/B/E/S . Expect to incur pre-tax restructuring charges of approximately $55 to $65 million related to these projects.  Full Article

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Itron to buy Silver Spring to boost smart grid presence

Itron Inc , which makes technology to monitor energy and water usage, said it would buy Silver Spring Networks Inc in a deal valued at about $830 million, to expand its presence in the smart city and smart grid markets.