Edition:
United States

Itron Inc (ITRI.O)

ITRI.O on Nasdaq

67.85USD
26 May 2017
Change (% chg)

$0.65 (+0.97%)
Prev Close
$67.20
Open
$67.25
Day's High
$67.90
Day's Low
$67.05
Volume
131,400
Avg. Vol
205,764
52-wk High
$67.90
52-wk Low
$40.12

Latest Key Developments (Source: Significant Developments)

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

Itron Inc announces Q1 results
Thursday, 11 Aug 2016 04:30pm EDT 

Itron Inc : Itron announces first quarter 2016 financial results . Q1 GAAP earnings per share $0.26 . Q1 non-GAAP earnings per share $0.44 . Q1 revenue $498 million versus I/B/E/S view $450.2 million . Itron Inc says expects to file its forms 10-Q for Q1 and Q2 no later than Sept. 12, 2016 . Itron announces first quarter 2016 financial results . Itron Inc says Q1 gross margin of 32.8 percent, an increase of 180 basis points . Says Total Backlog Was $1.5 Bln And Twelve Month backlog was $785 million at end of quarter .Itron inc says bookings in quarter totaled $394 million.  Full Article

Itron reaches agreement to settle patent litigation claims
Friday, 15 Jul 2016 04:30pm EDT 

Itron Inc : Has reached an agreement to settle patent litigation claims brought by TransData Inc against Itron and certain Itron customers . Financial terms of settlement were not disclosed . Parties have mutually agreed to dismiss all litigation claims related to TransData's patents .Previously recorded financial reserve in 2015 for estimated settlement costs, will record adjustments to amount in 2016 to reflect final agreement.  Full Article

Itron Inc raises FY 2015 Revenue guidance; lowers FY 2015 EPS guidance
Wednesday, 5 Aug 2015 04:00pm EDT 

Itron Inc:Expects FY 2015 Revenue between $1.85 and $1.95 billion.FY 2015 non-GAAP diluted EPS between $1.00 and $1.30.FY 2015 revenue of $1.84 billion and EPS of $1.33 - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Itron poised to drive new grid and customer experience solutions with Comverge acquisition

* Itron poised to drive new grid and customer experience solutions with Comverge acquisition