Itron Inc - Company Profile
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Business Description
Itron Inc (Itron) is a provider of technology solutions and services. It serves utilities and municipalities to measure, manage and analyze energy, gas, and water use. It provides various water and heat metering systems and smart metering products for applications in residential and commercial industrial. It also offers licensing meter data management and analytics software, managed services, software-as-a-service, technical support, licensing hardware technology, and consulting services.
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R&D Overview
Itron research and development initiatives focus on expanding existing technology and developing innovative new technology for critical infrastructure in electricity, natural gas, water, heat, smart city, and DERMs verticals. This includes endpoints, sensing and control devices, data collection software, communication technologies, data warehousing, software applications, and the IIoT. The company is committed to making substantial investments in technology development to maintain a competitive position and address technological advances and changing customer requirements. The R&D units of Itron include research and development facilities located throughout the world. These units are responsible for managing the company's R&D activities, including the development, design, and manufacturing of competitive products and services, as well as enhancing and sustaining existing products and services. In FY2025, the company incurred an expense of US$207 million on its R&D activities, which stood at 8.7% of the company’s total revenue.
Business Segments
Overview
Manufactures meters used for the measuring, controlling and sensing electricity, gas and water. Serves industries involved in electricity, gas, and water metering across various global markets.
Performance
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Overview
Offers a combination of communication devices, network infrastructure and application software to acquire and transport robust application-specific data. Major products include smart meters, modules, endpoints, sensors, and automated meter reading (AMR), advanced metering infrastructure (AMI), smart grid, distribution automation (DA), and smart street lighting and city solutions. Products under Networked Solutions have communications capabilities embedded with it.
Performance
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Overview
Offers software services to manage, organize, analyze, and interpret data using AI, machine learning, and analytics for decision making to maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. Caters to the needs of Device Solutions and Networked Solutions, which include meter data management and analytics offerings and manage network-as-a-service and platform-as-a-service. Provides forecasting software and consulting-based engagement.
Performance
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Overview
Includes software and services focused on worker safety, emergency preparedness and response, and damage prevention for critical infrastructure providers and their supporting contractors.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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