Highest-materiality recent filing
Itron authorizes $200M share repurchase program over 18 months
Board authorized up to $200M stock buyback over 18 months starting May 8, 2026.
Itron Q1 revenue down 3% to $587M, GAAP EPS $1.18 vs $1.42, non-GAAP EPS $1.49
Revenue $587M, down 3% YoY; GAAP net income $53M ($1.18 diluted EPS), down from $65M ($1.42).
Itron reports unauthorized third-party access to systems; investigation ongoing, operations continue
Unauthorized access discovered April 13, 2026; response plan activated and law enforcement notified.
$700M principal 0.00% convertible senior notes due 2032; initial conversion price $123.77/share (30% premium to $95.21).
Itron Q4 beats: GAAP EPS $2.21 vs $1.26; Non-GAAP $2.46; Revenue $572M; Guides FY26 rev $2.35-2.45B
Q4 revenue $572M (-7% YoY); GAAP net income $102M, diluted EPS $2.21 (vs $1.26).
Itron to acquire Locusview for $525M in cash; close expected Jan 2026
Purchase price of $525 million funded from cash on hand; working capital adjustments post-close.
Itron Q3 revenue down 5% to $582M, gross margin up 360 bps; acquires Urbint for $325M
GAAP diluted EPS $1.41 vs $1.70 YoY; Non-GAAP diluted EPS $1.54 vs $1.84.
Itron to acquire Urbint for $325M in cash, expected close Q4 2025
Purchase price $325M, funded from cash on hand.
Itron reports Q2 GAAP EPS $1.47, non-GAAP EPS $1.62; raises full-year 2025 outlook
GAAP net income $68M ($1.47 diluted EPS); non-GAAP diluted EPS $1.62, up $0.41 YoY.
Itron shareholders double authorized common shares to 150M, approve charter amendments
Authorized common stock increased from 75M to 150M shares, effective May 8, 2025.
Revenue $607M (+1% YoY); gross margin 35.8% (+180 bps) on favorable product mix.
Itron Q4 revenue $613M (+6% YoY); GAAP EPS $1.26; full-year record backlog $4.7B
Q4 revenue $613M, up 6% YoY; GAAP net income $58M ($1.26 diluted EPS); Non-GAAP EPS $1.35.
Revenue of $615M (+10% YoY); gross margin 34.1% (+70 bps); GAAP net income $78M ($1.70 EPS) vs. $40M ($0.87 EPS).
Itron board authorizes $100M share repurchase program; appoints new CAO
David M. Wright appointed VP, Corporate Controller & Chief Accounting Officer effective Sept 19, 2024; no new compensation arrangement.
Itron Q2 2024 revenue $609M (+13% YoY), GAAP EPS $1.10, raises FY 2024 guidance
Revenue $609M (+13% YoY); gross margin 34.6% (+250 bps).
Itron prices $700M 1.375% convertible notes due 2030; conversion premium 27.5%
Issued $700M of 1.375% Convertible Senior Notes due July 15, 2030; initial purchasers exercised $105M option.
Revenue $603M (+22% YoY); gross margin 34.0% (+240bps) on higher margin mix and operational efficiencies.
On February 19, 2025, Mary C. Hemmingsen, a member of the Board and a member of the Audit/Finance Committee, advised the Company that owing to her significant work and board load as partner at Moneta Securities and her audit chair role for four companies, she will not stand for re-election to the Board at the Company's 2025 Annual Meeting of Shareholders.
On February 19, 2025, Lynda L. Ziegler, a member of the Board of Directors (the Board) of Itron, Inc. (the Company), the chair of the Nominating and Corporate Governance Committee, and a member of the Compensation Committee, notified the Company that she will retire when her term ends and, therefore, not stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders.
On September 19, 2024, the Board of Directors of Itron, Inc. (Itron or the Company) approved the appointment of David M. Wright, 54, as the Company’s Vice President, Corporate Controller & Chief Accounting Officer.
Max materiality 0.85 · Median 0.65 · Most common event earnings