| Market Capitalization (Millions $) |
4,327 |
| Shares
Outstanding (Millions) |
45 |
| Employees |
5,550 |
| Revenues (TTM) (Millions $) |
2,304 |
| Net Income (TTM) (Millions $) |
276 |
| Cash Flow (TTM) (Millions $) |
-511 |
| Capital Exp. (TTM) (Millions $) |
25 |
Business Description
Itron is a pioneer in the Industrial Internet of Things, enabling utilities and cities to offer essential infrastructure solutions to communities throughout the world in a safe, secure, and dependable manner. Our tried-and-true platform allows smart networks, software, services, devices, and sensors to assist our clients in better managing their operations in the energy, water, and smart city sectors. We are one of the top technology and services firms in the utility and municipal sectors, providing end-to-end device solutions, networked solutions, and outcomes-based products and services. Our complete capabilities measure, monitor, and deliver data analytics and services that help utilities and municipalities to responsibly and efficiently manage their key resources.
The way the world manages energy and water will be one of the defining actions of this century. At Itron, we are committed to creating a more resourceful world'one where energy, water, and city resources are managed safely, securely, and reliably, to help improve day-to-day life and promote the well-being of people around the world. We invent new ways for cities and utilities to work together so they can cost-effectively leverage their infrastructure to deliver multiple services and applications on a reliable, intelligent platform capable of serving all their customers.
Itron helps our customers adapt to a rapidly changing world and to address a number of macro trends, including:
Infrastructure ' such as aging utility infrastructure, grid security, renewable energy and storage, and incorporating electric vehicles into the grid
Environmental ' such as extreme weather, resource scarcity and sustainability, safety, monitoring, and management
Social ' such as increased customer expectations, urbanization, population increase, and the management of "big data" and incorporating IIoT technology into their existing operations.
Our solutions include smart networks, software, services, devices, sensors, and data analytics upon a platform that allows our customers to not only address the changing macro trends listed above but also to address pressing industry challenges to better manage assets, secure revenue, lower operational costs, improve customer service, develop new business models and revenue streams, improve safety, and enable efficient management of valuable resources. Our comprehensive solutions and data analytics also help our customers address operational issues including increasing demand on resources, non-technical loss, leak detection, environmental and regulatory compliance, integrating renewable and distributed energy sources, and improving operational reliability.
Itron solutions include technology, software, and services delivered as part of a standalone, one-time purchase or end-to-end solution over multiple years. The portfolio includes hardware products used for measurement, control, or sensing, with and without communications capability; a combination of endpoints and network infrastructure with embedded intelligence that is designed and sold as a complete solution to acquire and transport application-specific data; and value-added services, software, and products that organize, analyze, and interpret data to gain insights, make decisions, and inform actions. We also offer managed services, Software-as-a-Service (SaaS), Network-as-a-Service (NaaS), technical support services, licensed hardware technology, and consulting services.
Industry Drivers
Utility and municipalities are undergoing an evolution in how they operate critical infrastructure, manage scarce resources, address impacts of climate disruption, and interact with their customers. Efficiently managing resources within energy, water, and cities is a top priority globally, as increasing populations and resource consumption along with extreme weather events continue to stress an aging infrastructure. The growing demand for energy, water, and municipal services coupled with the proliferation of renewable energy sources, smart communicating devices, sensors, and multiple data-producing technologies is forcing providers to rethink how they operate and service their communities. This evolution comes at a time when utilities and municipalities are challenged by cost constraints, regulatory requirements, environmental concerns, safety, and resource scarcity. Itron provides its customers with solution-based offerings to safely, securely, and reliably optimize their critical infrastructure to improve the efficiency of their services and to better understand their customers with near real-time knowledge of their resource usage. An added benefit of our solutions is that a utility or municipality can empower its customers to understand and have control over their resource usage, allowing for better management and conservation of valuable resources.
Company Address: 2111 N Molter Road Zagreb 99019 City of Zagreb
Company Phone Number: 924-9900 Stock Exchange / Ticker: NASDAQ ITRI
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