Itron Inc. Achieves Milestone with 3 Millionth Intelis Gas Meter Shipment

LIBERTY LAKE, Wash., May 1, 2025 (GLOBE NEWSWIRE) – Itron, Inc. (NASDAQ: ITRI), a leader in energy and water management solutions, has reached a significant milestone by shipping its 3 millionth Intelis® gas meter to Peoples Natural Gas. This achievement underscores Itron’s commitment to innovation and its pivotal role in the utility industry. The Intelis gas meters are part of Itron’s suite of products designed to enhance the efficiency and reliability of utility operations.

Q1 2025 Financial Results: Mixed Outcomes with Positive Outlook

Itron Inc. announced its first-quarter 2025 financial results, revealing a mixed performance. Despite a slight miss in revenue expectations, the company exceeded earnings projections, driven by margin expansion. The company reported a 23% growth in earnings per share (EPS), attributed to strategic cost management and operational efficiencies.

Key Financial Highlights:

  • EPS Growth: Itron reported a 23% increase in EPS, surpassing estimates.
  • Revenue: The company experienced modest revenue gains.
  • Market Cap: As of April 29, 2025, Itron’s market capitalization stood at $4.97 billion.
  • Stock Performance: The close price on April 29, 2025, was $111.29, with a 52-week range between $90.11 and $124.90.

Q2 Outlook: Positive Growth Anticipated

Looking ahead to the second quarter of 2025, Itron targets a 12% growth in EPS, with a revenue outlook of $615 million. This optimistic forecast is supported by the company’s robust expansion in outcomes and strategic initiatives aimed at enhancing operational efficiency.

Strategic Leadership Moves

In recent developments, Itron welcomed Kenneth Gianella, who brings over 25 years of financial experience in the technology sector. His expertise is expected to bolster Itron’s financial strategies and support its growth trajectory.

Conclusion

Itron Inc. continues to demonstrate resilience and strategic foresight in the competitive landscape of electronic equipment and utility management. With a strong financial performance in Q1 2025 and a promising outlook for Q2, the company is well-positioned to capitalize on opportunities in the utility sector.

For further details on Itron’s financial performance and strategic initiatives, stakeholders are encouraged to review the full earnings call transcript and financial statements available on the company’s investor relations website.