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, US
Websiteitron.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)6,700
Job Openings29
Revenue (FY, 2019)$2.5 B(+6%)
Share Price (Oct 2020)$69.6 (+2%)
Cybersecurity ratingCMore

Key People/Management at Itron

Tom Deitrich

Tom Deitrich

President and Chief Executive Officer, Director
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, Outcomes
George Simons

George Simons

Director
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Itron Office Locations

Itron has offices in Liberty Lake, Austin, Beltsville, Boston and in 58 other locations
Liberty Lake, US (HQ)
2111 N Molter Rd
Austin, US
1250 S Capital of Texas Hwy Bldg 3, Suite 200
Beltsville, US
11569 Edmonston Rd
Boston, US
20 Park Plaza #428
Chicago, US
233 S Wacker Dr, Suite 4025
Denver, 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 $2.50 b in FY, 2019 which is a 5.3% increase from the previous period.
USD

Revenue (Q2, 2020)

439.0m

Gross profit (Q2, 2020)

109.7m

Gross profit margin (Q2, 2020), %

25%

Market capitalization (14-Oct-2020)

2.8b

Closing stock price (14-Oct-2020)

69.6

Cash (30-Jun-2020)

544.8m

EV

3.7b
Itron's current market capitalization is $2.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.0b2.4b2.5b

Revenue growth, %

18%5%

Cost of goods sold

1.3b1.6b1.8b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

176.3m120.2m149.9m

Accounts Receivable

398.0m437.2m472.9m

Inventories

193.8m220.7m227.9m

Current Assets

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

Net Income

60.2m(96.6m)52.4m

Depreciation and Amortization

63.2m122.5m114.4m

Inventories

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

Cash From Operating Activities

191.4m109.8m172.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

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

Depreciation and Amortization

31.1m62.0m92.4m28.4m69.0m85.7m24.0m48.2m

Inventories

(253.0k)3.4m(10.1m)(1.7m)(9.2m)(15.8m)(543.0k)(16.5m)

Accounts Payable

(76.1m)
USDFY, 2017

EV/EBIT

20.3 x

EV/CFO

16.1 x

Revenue/Employee

310.5k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.6 x

P/E Ratio

47.0
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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$1.40 b$1.22 b$1.58 b$1.50 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

22 20 19
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

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 Online and Social Media Presence

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Itron News and Updates

Residential Smart Meter Global Market Report 2019 Top Key Players- Landis+Gyr, Itron, Siemens, Kamstrup, Elster and more...

A new market study, titled “Global Residential Smart Meter Market Report 2019 - Market Size, Share, Price, Trend and Forecast”, has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

Utilities honored for their societal and business impacts on their journey to reduce energy and water waste SANTA CLARA, Calif., Oct. 14, 2019 /PRNewswire/ -- Frost & Sullivan recognized the recipients of its annual Excellence in Resourcefulness Awards, Pepco Holdings (Pepco and Delmarva...

Smart Water Meters Markets 2015-2019 & 2024 - Leading Companies are Diehl Metering, Elster, Itron, Ningbo Water Meter, Sanchuan Wisdom Technology, & Sensus/Xylem

DUBLIN, June 14, 2019 /PRNewswire/ -- The "Smart Water Meters: Global Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering. This report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of...

Frost & Sullivan Welcomes Nominations for Itron Excellence in Resourcefulness Awards

Utilities achieving sustainability through recent and successful technology implementation are welcome to apply for the honor SANTA CLARA, Calif., June 10, 2019 /PRNewswire/ -- In an effort to recognize utilities' commitment to significantly reducing wasted energy and water, Frost &...

Parks Associates: Direct Energy, EnergyHub, Itron, Nest, and Tendril to Keynote Tenth-annual Smart Energy Summit

DALLAS, Feb. 13, 2019 /PRNewswire/ -- International research firm Parks Associates today announced the keynote lineup for its 10th-annual Smart Energy Summit: Engaging the Consumer includes executives from IoT leaders Direct Energy, Nest, EnergyHub, Itron, and Tendril. The executive...

Smart Meter Market Application, Growth and Global Forecast 2025 major companies Aclara (USA), Xylem (USA), S&T , Itron , Landis+Gyr , ABB , Siemens, Iskraemeco , Conlog

Smart Meter Market from Qurate’s Repository provides detailed information, in depth analysis and forecast which is developed by team of experts and professionals. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Itron Blogs

Introducing the First-Ever Virtual Itron Utility Week 2020

Every October, I look forward to traveling to a beautiful U.S. location for Itron’s premier, customer-focused event, Itron Utility Week. […]

The Logit Function: A Tool for New Things

With emerging technologies such as electric vehicles and photovoltaics, developing a forecast is challenging due to the lack of history. […]

Aug. 5 Update: Latest Trends in Estimated Load Impacts of COVID-19 Mitigation Policies on North American and European Electricity Consumption

This data is for March through July 2020 As discussed in the first of this blog series on April 13, […]

Working from Home as a Manufacturing Intern: The Yin and Yang

I began working for Itron in June 2019, and during my time here, I have worked on a variety of […]

OpenADR Certified

OpenADR (Automated Demand Response) is an open, highly secure, two-way information exchange model and global Smart Grid standard. OpenADR standardizes […]

Where Are the Electric Vehicles?

I’m the last one in my family to own a Tesla. This is an odd statement until you understand that […]
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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 $2.5 b.

  • What is Itron revenue per employee?

    Latest Itron revenue per employee is $373.5 k.

  • Who are Itron competitors?

    Competitors of Itron include Sensus Metering Systems, Landis+Gyr Group and Endesa.

  • 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.