Itron, Inc. (ITRI) Bundle
A Brief History of Itron, Inc. (ITRI)
Company Overview
Itron, Inc. is headquartered in Liberty Lake, Washington. As of 2024, the company is publicly traded on the NASDAQ under the ticker ITRI.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.35 billion |
| Net Income | $54.3 million |
| Market Capitalization | $1.8 billion |
Key Business Segments
- Electricity Metering Solutions
- Water Metering Solutions
- Gas Metering Solutions
- Smart Grid Technology
Global Presence
Itron operates in over 100 countries, with approximately 5,000 employees worldwide.
| Geographic Revenue Distribution | Percentage |
|---|---|
| North America | 65% |
| Europe | 22% |
| Rest of World | 13% |
Technology Portfolio
- Advanced Metering Infrastructure (AMI)
- Internet of Things (IoT) Solutions
- Connectivity Platforms
- Data Analytics Services
Recent Financial Performance
2023 key financial indicators:
- Total Assets: $1.62 billion
- Total Debt: $487 million
- Research & Development Spending: $173 million
A Who Owns Itron, Inc. (ITRI)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Blackrock Inc. | 3,845,212 | 16.42% |
| Vanguard Group Inc. | 3,102,176 | 13.25% |
| Dimensional Fund Advisors LP | 1,879,736 | 8.02% |
Top Institutional Investors
- Blackrock Inc.: $9.2 billion total investment in Itron
- Vanguard Group Inc.: $7.5 billion total investment
- State Street Corporation: $4.3 billion total investment
Ownership Structure
Public shareholders: 98.6%
Insider ownership: 1.4%
Public Trading Details
Stock Exchange: NASDAQ
Ticker Symbol: ITRI
Market Capitalization: $1.87 billion
Itron, Inc. (ITRI) Mission Statement
Company Overview
Itron, Inc. is a technology company headquartered in Liberty Lake, Washington. As of 2024, the company trades on NASDAQ under the ticker ITRI.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.43 billion |
| Net Income | $124.5 million |
| Market Capitalization | $3.1 billion |
Mission Statement Components
- Deliver technology solutions for utility and smart city environments
- Enable more efficient resource management
- Provide intelligent networked solutions for energy and water
Key Strategic Focus Areas
Core Technology Domains:
- Smart Metering
- Grid Modernization
- Resource Management
- Internet of Things (IoT) Solutions
Global Operational Metrics
| Geographic Region | Revenue Contribution |
|---|---|
| North America | 62% |
| Europe | 22% |
| Asia Pacific | 12% |
| Rest of World | 4% |
Technology Investment
R&D Investment in 2023: $189.7 million
Employee Information
Total Employees: 8,200
How Itron, Inc. (ITRI) Works
Company Overview
Itron, Inc. is a technology company headquartered in Liberty Lake, Washington. Market capitalization: $1.32 billion as of January 2024. Ticker symbol: NASDAQ: ITRI. Annual revenue: $2.28 billion in 2022.
Core Business Segments
| Segment | Revenue Contribution | Primary Products |
|---|---|---|
| Electricity | 42% of total revenue | Smart meters, grid management solutions |
| Water | 28% of total revenue | Water meters, leak detection systems |
| Gas | 30% of total revenue | Gas meters, network communication devices |
Global Presence
Operations in over 100 countries. Employees: 8,000 globally.
Technology Solutions
- Advanced metering infrastructure (AMI)
- Grid optimization technologies
- Networked communication systems
- Enterprise software platforms
Financial Performance
| Financial Metric | 2022 Value | 2023 Projection |
|---|---|---|
| Total Revenue | $2.28 billion | $2.45 billion |
| Net Income | $89.5 million | $95.2 million |
| Research & Development Spend | $180 million | $195 million |
Key Customer Base
- Utility companies
- Municipal water districts
- Energy management organizations
- Government infrastructure departments
Technological Innovation
Patent portfolio: 1,200+ active patents. Annual R&D investment: $180-$195 million.
How Itron, Inc. (ITRI) Makes Money
Revenue Streams
Itron, Inc. generates revenue through three primary business segments:
| Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Electricity | $1.14 billion | 44% |
| Water | $618 million | 24% |
| Gas | $606 million | 23% |
Product and Service Offerings
- Smart Meters
- Advanced Metering Infrastructure (AMI)
- Network Communication Technologies
- Software and Analytics Solutions
- Field Services and Support
Geographic Revenue Distribution
| Region | 2022 Revenue | Percentage |
|---|---|---|
| North America | $1.56 billion | 60% |
| International Markets | $1.04 billion | 40% |
Financial Performance
Total Revenue for 2022: $2.6 billion
Net Income for 2022: $56.4 million
Key Customer Segments
- Utility Companies
- Municipal Governments
- Energy Providers
- Water Management Authorities
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