ITRI 📈 Itron - Overview

Itron Inc is a technology and solutions company that provides comprehensive end-to-end solutions for managing energy, water, and smart city operations globally. The company's product and service offerings are structured into three main segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment focuses on the development and manufacturing of hardware products used for measurement, control, and sensing applications, including standard meters for gas, electricity, and water, as well as specialized products for heat and allocation management.

The Networked Solutions segment expands on the device offerings by providing a range of communicating devices such as smart meters, modules, and sensors. This segment also includes network infrastructure and software solutions for data management and application-specific data transport. Additionally, Itron offers industrial internet of things (IoT) solutions that cater to various utility and smart city needs, including automated meter reading, advanced metering infrastructure, distributed energy resource management, smart grid and distribution automation, smart street lighting, and leak detection systems for gas and water networks.

The Outcomes segment is centered around providing value-added software and services, leveraging artificial intelligence (AI) and machine learning (ML) to help utilities, smart cities, and municipalities manage and analyze data more effectively. This enables better decision-making, operational efficiency, and resource optimization. The company also offers a suite of support services, including implementation, project management, installation, consulting, and post-sale maintenance, as well as cloud and software-as-a-service (SaaS) solutions. Furthermore, Itron provides extended warranties and customer-specific support to ensure long-term satisfaction and partnership with its clients.

Itron's products and services are marketed under its own brand name and are sold through a diverse channel network, including direct sales force, distributors, agents, partners, and meter manufacturer representatives. The company's primary customer base consists of utility companies, smart cities, and municipalities, which it serves globally. With a history dating back to 1977, Itron Inc is headquartered in Liberty Lake, Washington, and is publicly traded on the NASDAQ stock exchange under the ticker symbol ITRI, with its common stock classified under the Electronic Equipment & Instruments sub-industry.