OverviewSuggest Edit

Itron is a technology and services company providing smart networks, software, services, meters, and sensors. It operates 3 segments: Device Solutions, Networked Solution, and Outcomes. The Device Solutions segment includes standard gas, electricity IEC, and water meters, Linky meters, gas regulators, and other hardware products used for measurement, control, or sensing. The Networked Solution segment offers a combination of communicating devices (smart meters, modules, endpoints, and sensors), network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting application-specific data. The Outcomes segment delivers meter data management and analytics offerings; managed service solutions including network-as-a-service and platform-as-a-service, forecasting software and services; and consulting-based engagement. The company serves electric, gas, and water utilities and smart cities.
TypePublic
Founded1977
HQLiberty Lake, WA, US
Websiteitron.com
Employee Ratings3.7
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)6,700
Job Openings110
Revenue (FY, 2020)$2.2 B(-13%)
Share Price (May 2021)$87.4(-1%)

Key People/Management at Itron

Tom Deitrich

Tom Deitrich

COO - President & CEO
Joan Hooper

Joan Hooper

Senior Vice President and Chief Financial Officer
Sarah Hlavinka

Sarah Hlavinka

Senior Vice President, General Counsel and Corporate Secretary
Michel Charles Cadieux

Michel Charles Cadieux

Senior Vice President, Human Resources
Don Reeves

Don Reeves

Senior Vice President, Services and Delivery
John Marcolini

John Marcolini

Senior Vice President, Networked Solutions
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Itron Office Locations

Itron has offices in Liberty Lake, Austin, Beltsville, Boston and in 58 other locations
Liberty Lake, WA, US (HQ)
2111 N Molter Rd
Austin, TX, US
1250 S Capital of Texas Hwy Bldg 3, Suite 200
Beltsville, MD, US
11569 Edmonston Rd
Boston, MA, US
20 Park Plaza #428
Chicago, IL, US
233 S Wacker Dr, Suite 4025
Denver, CO, US
Denver Place, 999 18th St #2300Denver
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Itron Financials and Metrics

Itron Revenue

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Itron's revenue was reported to be $2.17 b in FY, 2020
USD

Revenue (Q1, 2021)

519.6m

Gross profit (Q1, 2021)

167.0m

Gross profit margin (Q1, 2021), %

32.2%

Net income (Q1, 2021)

13.6m

EBIT (Q1, 2021)

30.9m

Market capitalization (7-May-2021)

3.9b

Closing stock price (7-May-2021)

87.4

Cash (31-Mar-2021)

574.6m

EV

4.3b
Itron's current market capitalization is $3.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.0b2.4b2.5b2.2b

Revenue growth, %

18%5%

Cost of goods sold

1.3b1.6b1.8b1.6b

Gross profit

675.2m730.3m752.3m602.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

607.2m585.9m596.0m614.6m635.0m624.5m598.4m439.0m470.7m519.6m

Cost of goods sold

427.4m409.3m398.9m427.3m443.8m428.1m426.8m329.3m358.3m352.5m

Gross profit

179.9m176.6m197.1m187.3m191.2m196.4m171.6m109.7m112.4m167.0m

Gross profit Margin, %

30%30%33%30%30%31%29%25%24%32%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

176.3m120.2m149.9m206.9m

Accounts Receivable

398.0m437.2m472.9m369.8m

Inventories

193.8m220.7m227.9m182.4m

Current Assets

849.7m896.1m997.3m930.3m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

60.2m(96.6m)52.4m(56.9m)

Depreciation and Amortization

63.2m122.5m114.4m97.3m

Inventories

(16.2m)(25.6m)(9.4m)35.4m

Accounts Payable

(111.7m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(145.3m)(141.5m)(121.7m)(149.0k)20.0m38.1m9.2m(53.3m)(78.4m)13.6m

Depreciation and Amortization

31.1m62.0m92.4m28.4m69.0m85.7m24.0m48.2m72.3m21.8m

Inventories

(253.0k)3.4m(10.1m)(1.7m)(9.2m)(15.8m)(543.0k)(16.5m)9.0m9.0m

Accounts Payable

(76.1m)(82.8m)(27.0m)
USDFY, 2017

Revenue/Employee

310.5k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.6 x
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Itron Operating Metrics

Itron's Backlog was reported to be $3b in Q1, 2020. Itron's Customers was reported to be 8 k in FY, 2019.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Backlog

$1.33 b$1.33 b$1.25 b$1.52 b$1.47 b$1.4 b$1.22 b$1.58 b$1.5 b$1.35 b$1.51 b$1.65 b$1.61 b$1.63 b$1.49 b$1.75 b$3.14 b$3.11 b$3.11 b$3.17 b$3.02 b$3.09 b$3.06 b$3.21 b$3.02 b

Bookings

$745 m$478 m$514 m$2.39 b$424 m$398 m$337 m$1.98 b$394 m$349 m$670 m$2.07 b$424 m$416 m$343 m$1.99 b$557 m$579 m$593 m$2.52 b$473 m$702 m$609 m$2.55 b$418 m

Customers

8 k8 k

Manufacturing Facilities

222019
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Itron Acquisitions / Subsidiaries

Company NameDateDeal Size
Silver SpringSeptember 18, 2017$830 m
Allmess GmbH
Arabian Metering Company
Asais Conseil S.A.S.
Asais S.A.S
Compañía Chilena de Medición S.A.
Comverge International, Ltd.
Comverge Japan K.K.
Comverge South Africa PTY Ltd.
Ganz Meter Company Ltd.
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Itron Revenue Breakdown

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Itron revenue breakdown by business segment: 9.0% from Outcomes, 34.3% from Device Solutions and 56.6% from Networked Solutions

Itron revenue breakdown by geographic segment: 26.5% from Europe, Middle East, and Africa, 8.3% from Other and 65.1% from United States and Canada

Human Capital Metrics

Source: go.itron.com
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Itron Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Itron Online and Social Media Presence

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Itron Company Culture

  • Overall Culture

    C

    64/100

  • CEO Rating

    C+

    69/100

  • Compensation

    C-

    57/100

  • Diversity

    C+

    67/100

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Itron News and Updates

Itron to Improve Water Efficiency and Reduce Water Losses in Moldova

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, signed a contract with Floresti Communal Services in Moldova in Eastern Europe to deploy its Water Operations Management (WOM) solution, wide-area low-power network, and residential and commercial &…

Mainers getting an upgraded electricity network with AMI from Itron

Itron announced that Versant Power, an electric transmission and distribution utility serving around 160,000 customers in northern and eastern Maine, will deploy Itron’s multi-purpose solution, including an IoT network and more than 160,000 distributed intelligence-enabled meters, to modernize its e…

Itron signs smart metering deals with Versant Power and Pacific Northern Gas

Electric transmission and distribution utility Versant Power will deploy advanced metering solutions and smart meters in Maine, in the US, with a view to modernize its electricity grid. Versant Power plans to initiate some project activities in 2021 and meter installations are scheduled to begin in …

Itron and Versant Power Collaborate to Modernize Electricity Grid in Maine

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that Versant Power, an electric transmission and distribution utility serving nearly 160,000 customers in northern and eastern Maine, will deploy Itron’s multi-purpose solution, incl…

Itron to Modernize Natural Gas Distribution System at Pacific Northern Gas NE in British Columbia

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that Pacific Northern Gas (N.E.) (PNG(NE)) will deploy Itron’s Automated Meter Reading (AMR) solution, including 500G Encoder Receiver Transmitters (ERTs®), to modernize its natural …

IoT Breakthrough Recognizes Standout Internet-of-Things Companies in 5th Annual IoT Breakthrough Awards Program

IoT Breakthrough today announced the winners of the organization's 5th annual awards program, showcasing technologies and companies that drive innovation and exemplify the best in IoT technology solutions across the globe.
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Itron Blogs

Earth Day 2021: Restore Our Earth

Reflecting back on the past year, never before in history has humanity been faced with such a universal set of […]

Demystifying Residential Miscellaneous Usage

In the residential Statistically Adjusted End-Use (SAE) model framework, the miscellaneous end-use is the single largest long-term driver of residential […]

EPIcenter Names Don Reeves Chair of Board

EPIcenter, a nonprofit energy innovation and thought leadership hub, is pleased to announce the appointment of Don Reeves as the […]

Increasing Citizen Engagement in Smart City Planning

Over the past six months, Itron Idea Labs has had discussions with cities to understand their biggest complications when it […]

Itron Named a Visionary in the 2021 Gartner Magic Quadrant for IoT Connectivity Services, Worldwide

Last week, Itron announced it has been named a Visionary in Gartner Inc.’s Magic Quadrant for Managed IoT Connectivity Services, […]

Real-time AMI Data Helps Utilities Anticipate Power Needs

COVID-19 has changed the way people around the world live and work. As a result of shelter in place mandates, […]
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Itron Frequently Asked Questions

  • When was Itron founded?

    Itron was founded in 1977.

  • Who are Itron key executives?

    Itron's key executives are Tom Deitrich, Joan Hooper and Sarah Hlavinka.

  • How many employees does Itron have?

    Itron has 6,700 employees.

  • What is Itron revenue?

    Latest Itron annual revenue is $2.2 b.

  • What is Itron revenue per employee?

    Latest Itron revenue per employee is $324.4 k.

  • Who are Itron competitors?

    Competitors of Itron include Diehl, Wasion and Jiangsu Linyang Energy.

  • Where is Itron headquarters?

    Itron headquarters is located at 2111 N Molter Rd, Liberty Lake.

  • Where are Itron offices?

    Itron has offices in Liberty Lake, Austin, Beltsville, Boston and in 58 other locations.

  • How many offices does Itron have?

    Itron has 63 offices.