Itron, Inc.
138.18+4.23 (+3.16%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ITRI · USD
Key Stats
Market Cap
6.32BP/E (TTM)
23.62Basic EPS (TTM)
5.85Dividend Yield
0%Recent Filings
8-K
Itron acquires Urbint for $325M
Itron signed a definitive agreement on October 6, 2025, to acquire Urbint, a Florida-based software firm serving utilities, for $325 million in cash, funded from existing reserves. The deal, set to close in Q4 2025, integrates Urbint's AI-driven operational resilience tools to bolster Itron's utility offerings amid aging infrastructure and extreme weather challenges. This acquisition advances Itron's strategy for enhanced customer solutions. Urbint accelerates resilience.
8-K
Itron renews $750M credit line
Itron, Inc. secured a $750 million revolving credit facility on September 25, 2025, maturing in 2030, to fund working capital and general corporate needs. This replaces the 2018 agreement, with interest tied to SOFR plus a margin from 125 to 175 basis points based on leverage, and a 4.0x net leverage covenant that flexes post-acquisition. Yet maturity could accelerate to April 2030 without settling convertible notes. Strong liquidity bolsters operational flexibility amid market shifts.
8-K
Itron appoints utility veteran Drury
Itron appointed Scott Drury, former CEO of Southern California Gas Company, to its board of directors effective August 20, 2025. With over 35 years in utilities, including doubling net income at SoCalGas and prior leadership at SDG&E, Drury brings deep operational and financial expertise as a recent Itron customer. The board anticipates his insights will sharpen strategies for utility clients. No committee assignment yet.
8-K
Itron appoints finance expert Savage
Itron appointed Sheri Savage, CFO of Ultra Clean Holdings, to its board of directors effective August 11, 2025, adding her to the Audit/Finance Committee. With over 30 years in finance, including leadership through revenue growth at Ultra Clean, Savage brings expertise in accounting, treasury, and M&A. Her strategic skills will bolster Itron's board. No related transactions disclosed.
8-K
Itron's Q2 revenue steady, profits soar
Itron reported Q2 2025 revenue of $607 million, nearly flat from $609 million last year, yet boosted gross profit to $224 million—up 6%—through favorable product mix. Net income climbed to $68 million with diluted EPS at $1.47, while adjusted EBITDA hit $90 million, surging 16%, and free cash flow doubled to $91 million. Backlog swelled to $4.5 billion amid dynamic markets. Full-year revenue outlook holds at $2.35-2.4 billion; non-GAAP EPS $6.00-6.20. Trade policy volatility poses risks.
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