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Itron Inc (ITRI.OQ)

ITRI.OQ on NASDAQ Stock Exchange Global Select Market

71.20USD
15 Dec 2017
Change (% chg)

$0.90 (+1.28%)
Prev Close
$70.30
Open
$70.55
Day's High
$71.50
Day's Low
$70.35
Volume
395,602
Avg. Vol
84,075
52-wk High
$79.85
52-wk Low
$58.20

Latest Key Developments (Source: Significant Developments)

Itron Prices Offering Of $300 Million Of 5% Senior Notes Due 2026
Saturday, 9 Dec 2017 

Dec 8 (Reuters) - Itron Inc ::ITRON, INC. PRICES OFFERING OF $300 MILLION OF 5.000% SENIOR NOTES DUE 2026.ITRON INC - PRICING OF PRIVATE OFFERING OF $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.000% SENIOR NOTES DUE 2026.  Full Article

Itron Announces Proposed Offering Of $300 Mln Senior Notes Due 2025
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Itron Inc ::ITRON INC ANNOUNCES PROPOSED OFFERING OF $300 MILLION OF SENIOR NOTES DUE 2025.SAYS INTENDS TO USE NET PROCEEDS FROM OFFERING, WITH CASH ON HAND & BORROWINGS UNDER CO'S SENIOR CREDIT FACILITIES, TO FUND SILVER SPRING DEAL.  Full Article

Itron Acquisition Of Silver Spring Networks Clears Antitrust Review
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Silver Spring Networks Inc ::ITRON ACQUISITION OF SILVER SPRING NETWORKS CLEARS ANTITRUST REVIEW.SILVER SPRING NETWORKS INC - BOTH COMPANIES EXPECT TO CLOSE TRANSACTION IN EARLY 2018.  Full Article

Itron reports Q3 non-GAAP earnings per share $0.77
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Itron Inc :Itron announces third quarter 2017 financial results.Q3 non-GAAP earnings per share $0.77.Q3 GAAP earnings per share $0.65.Q3 revenue $487 million versus I/B/E/S view $526.6 million.Q3 earnings per share view $0.89 -- Thomson Reuters I/B/E/S.Itron - ‍total backlog $1.5 billion and 12-month backlog $847 million at end of quarter , compared with $1.5 billion and $731 million, respectively, in prior year quarter.Itron Inc - ‍anticipates full year 2017 non-GAAP EPS will be at or above low end of prior guidance range​.  Full Article

Itron says entered into amended and restated debt commitment letter
Saturday, 7 Oct 2017 

Oct 6 (Reuters) - Itron Inc :Itron Inc says on October 3, Itron entered into an amended and restated debt commitment letter to refinance in part, acquisition of silver spring​.Says ‍parties committed to provide senior secured credit facilities in amount of $1,102.5 million, unsecured bridge loan facility in amount of $350 million​.  Full Article

Itron said of the total estimated charge from restructuring , more than 90% is expected to result in cash expenditures
Thursday, 1 Sep 2016 

Itron Inc :Of the total estimated charge from restructuring , more than 90% is expected to result in cash expenditures - SEC Filing.  Full Article

Itron Q2 non-GAAP earnings per share $0.65
Thursday, 1 Sep 2016 

Itron Inc : Itron announces second quarter 2016 financial results . Q2 non-gaap earnings per share $0.65 . Q2 gaap earnings per share $0.52 . Q2 revenue $513 million versus I/B/E/S view $478.7 million . Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Sees FY 2016 non-gaap earnings per share $2.20 to $2.45 . Sees FY 2016 revenue $1.95 billion to $2.0 billion . Announces new restructuring projects; targeting additional annualized cost savings of approximately $40 million . Says total backlog was $1.3 billion and twelve-month backlog was $688 million at end of quarter . Says bookings in quarter totaled $349 million, reflecting a number of diverse bookings in all segments across many customers . Itron Inc says expect to achieve additional annualized cost savings of approximately $40 million by end of 2018 from these projects . Expects to close or consolidate several facilities and reduce its global workforce as a result of restructuring . Itron Inc says updated full year guidance . Expects to file its form 10-Q for Q2 no later than Sept. 12, 2016 . Sees FY 2016 revenue between $1.95 and $2.0 billion . FY 2016 earnings per share view $2.17, revenue view $1.95 billion -- Thomson Reuters I/B/E/S . Expect to incur pre-tax restructuring charges of approximately $55 to $65 million related to these projects.  Full Article

Itron Inc announces Q1 results
Friday, 12 Aug 2016 

Itron Inc : Itron announces first quarter 2016 financial results . Q1 GAAP earnings per share $0.26 . Q1 non-GAAP earnings per share $0.44 . Q1 revenue $498 million versus I/B/E/S view $450.2 million . Itron Inc says expects to file its forms 10-Q for Q1 and Q2 no later than Sept. 12, 2016 . Itron announces first quarter 2016 financial results . Itron Inc says Q1 gross margin of 32.8 percent, an increase of 180 basis points . Says Total Backlog Was $1.5 Bln And Twelve Month backlog was $785 million at end of quarter .Itron inc says bookings in quarter totaled $394 million.  Full Article

Itron reaches agreement to settle patent litigation claims
Saturday, 16 Jul 2016 

Itron Inc : Has reached an agreement to settle patent litigation claims brought by TransData Inc against Itron and certain Itron customers . Financial terms of settlement were not disclosed . Parties have mutually agreed to dismiss all litigation claims related to TransData's patents .Previously recorded financial reserve in 2015 for estimated settlement costs, will record adjustments to amount in 2016 to reflect final agreement.  Full Article

BRIEF-Itron Prices Offering Of $300 Million Of 5% Senior Notes Due 2026

* ITRON, INC. PRICES OFFERING OF $300 MILLION OF 5.000% SENIOR NOTES DUE 2026