Itron, Inc. affirmed its full year 2008 guidance yesterday. The company expects to perform within the guidelines it released in October:
Revenue: Between $1.91 billion and $1.93 billion
Diluted Non-GAAP Earnings Per Share: between $3.35 and $3.45 per share
Adjusted EBITDA: Over $280 million
However, the company expects the final number to fall on the lower end of the ranges given above. They also confirmed their predictions for growth in 2009. The company expects … Read the rest
Itron (ITRI) and Nighthawk (OTCBB:NIHK) have announced a partnership that allows ITRI to promote, market and sell Nighthawk wireless power control products to its utility customers. Nighthawk’s products will complement ITRI’s automated meter reading product, ChoiceConnect which provides utilities with the ability to connect, disconnect or reduce power to customers based on meter readings remotely.
“Itron certainly recognizes the potential value of combining Nighthawk’s growing wireless control capabilities with our ChoiceConnect suite,” said Philip Mezey, … Read the rest
It’s 3rd quarter earnings report time again, and we have some good news to report. If you own shares in Itron, a company that makes smart meters, you’ll be pleased to see that they are now turning a profit and are exceeding analyst’s expectations for the third quarter.
This time last year, Itron reported a net loss of $3.4 million, or .11 per share. Yesterday, it reported a net income of $7.7 million or $0.21 … Read the rest
Itron Inc. (ITRI) has reached an agreement with San Diego Gas & Electric (SDG&E) to replace or upgrade the utility’s 2.3 million electric and gas meters with Itron OpenWay technology for its smart meter initiative.
Itron will provide its OpenWay electric meters and gas modules and Itron Enterprise EditionTM Meter Data Management software, as well as implementation, project management and installation services for the utility’s smart meter project. The agreement must be approved by … Read the rest