$ITRI (Itron, Inc.)

$ITRI {{ '2016-08-11T21:22:04+0000' | timeago}} • Announcement

$ITRI's total revenues for 1Q16 grew 11% to $498MM from $447MM last year. Excluding impact of foreign currency, revenues increased 15.5%, with double-digit growth in each business segment driven by significant increase in product volumes in the U.S. and EMEA regions. Total advanced and smart meter and module shipments grew 28%.

$ITRI {{ '2018-01-05T17:36:12+0000' | timeago}} • Announcement

$ITRI has completed its acquisition of Silver Spring Networks, Inc. The legacy Silver Spring Networks business is now a wholly-owned subsidiary of Itron, Inc. and will be integrated and reported as a new business segment, Itron Networked Solutions. Terms of the deal were not disclosed.

$ITRI {{ '2018-01-03T22:09:02+0000' | timeago}} • Announcement

$ITRI and $SSNI announced that $SSNI stockholders have approved the merger with $ITRI. The transaction is expected to close on or about January 4, 2018.

$ITRI {{ '2017-12-21T17:12:12+0000' | timeago}} • Announcement

$ITRI signed a contract with Vectren Energy Delivery of Indiana - South, a subsidiary of Vectren Corp., to modernize its energy grid. Itron's OpenWay Riva IoT solution for electricity and gas with Itron Total Outcomes will help transform customer experience and improve reliability.

$ITRI {{ '2017-12-05T19:17:15+0000' | timeago}} • Announcement

$ITRI and $SSNI said the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Itron's acquisition of Silver Spring Networks has expired. The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the pending acquisition, which is expected to close in early 2018.

$ITRI {{ '2017-12-05T15:38:39+0000' | timeago}} • Announcement

$ITRI commenced a private offering of $300MM of senior notes due 2025. The offering of the Notes is part of the financing of the merger consideration for acquisition of Silver Spring Networks Inc. by the company.

$ITRI {{ '2017-09-18T12:03:17+0000' | timeago}} • Announcement

$ITRI will acquire all outstanding shares of $SSNI for $16.25 per share in cash. The transaction is valued at approx $830MM, net of $118MM of Silver Spring's cash. This represents a premium of 25% to Silver Spring's closing price on Sept 15, 2017. Itron sees about $50MM in annualized cost synergies within three years of completing the deal.

$ITRI {{ '2017-06-06T20:24:39+0000' | timeago}} • Announcement

$ITRI has signed a contract with the Tonga Water Board, the water utility owned by the Kingdom of Tonga, to deliver its OpenWay Riva IoT solution for water. The water board will be using the existing OpenWay Riva network utilized by Tonga Power Limited to connect with static water meters.

$ITRI {{ '2017-06-01T17:27:40+0000' | timeago}} • Announcement

$ITRI has completed the acquisition of privately-held Comverge by purchasing its parent company, Peak Holding Corp., for around $100MM. The acquisition will strengthen Itron's portfolio of grid and customer experience solutions and pave the way for distributed energy management applications using the company's OpenWay Riva solution.

$ITRI {{ '2017-05-31T20:49:10+0000' | timeago}} • Announcement

Joan Hooper has been appointed as $ITRI SVP and CFO, effective June 5, 2017. She most recently served as the CFO of CHC Helicopter, a helicopter services company headquartered in Vancouver.

$ITRI {{ '2017-05-08T12:51:49+0000' | timeago}} • Announcement

$ITRI acquires privately held Comverge. Excluding acquisition and integration-related costs, amortization of acquired intangible assets and purchase accounting adjustments, the company anticipates the acquisition will be neutral to non-GAAP EPS in 2017 and accretive beginning in 2018.

$ITRI {{ '2017-05-08T12:50:34+0000' | timeago}} • Announcement

Technology and services company $ITRI acquires privately held Comverge by purchasing its parent company, Peak Holding Corp., in a cash transaction of approx. $100MM. The transaction is expected to close in 2Q17, subject to customary closing conditions.

$ITRI {{ '2017-03-28T14:22:16+0000' | timeago}} • Announcement

$ITRI said Mark Schmitz, EVP and CFO, will be stepping down from his position, effective immediately. Robert Farrow, VP, Strategic Planning & Treasury, will serve as interim CFO until the search for a permanent replacement is complete. Mr. Schmitz will remain available for one month to ensure a smooth transition during the 1Q17 accounting close.

$ITRI {{ '2017-01-05T17:35:02+0000' | timeago}} • Announcement

$ITRI signed a contract with Central Hudson Gas & Electric Corp., a transmission and distribution energy company and subsidiary of Fortis. Central Hudson will utilize $ITRI's managed services offering, Itron Total Outcomes, with Itron's cellular solution to support the energy company's "CenHub Insights " program.

$ITRI {{ '2016-10-06T14:22:35+0000' | timeago}} • Announcement

$ITRI said Otter Tail Power Co. signed a contract with it to modernize and improve the reliability of its electric grid. The utility will take advantage of $ITRI's Total Outcomes, a complete managed services offering using its technology and analytics to deliver needed outcomes.

$ITRI {{ '2016-09-08T13:56:55+0000' | timeago}} • Announcement

Technology and services company $ITRI said that the company has received a notification from The Nasdaq Stock Market, LLC stating that $ITRI has regained compliance with Nasdaq Listing Rule 5250(c)(1) requirement for timely financial filings. The compliance notification is dated Sept. 2, 2016.

$ITRI {{ '2016-09-02T07:33:02+0000' | timeago}} • Webcast

$ITRI reported lower 2Q16 free cash flow versus 2Q15, mainly due to some special one-time payments on taxes and prepayments on software programs. A one-time payment for settlement of the TransData litigation will be reflected in 3Q16 free cash flow. Company ended 2Q16 with $132MM in cash and $216MM in net debt.

$ITRI {{ '2016-09-02T07:32:00+0000' | timeago}} • Webcast

In 2Q16, $ITRI's Electricity segment revenue grew 16% in constant currency, helped by increased smart metering. Gas segment revenue grew 9% mainly due to record revenue in North America and Water segment revenue grew 3% due to increased smart metering projects in EMEA.

$ITRI {{ '2016-09-02T07:31:19+0000' | timeago}} • Webcast

In 2Q16, $ITRI's non-GAAP EBITDA improved by 9.3 percentage points to 10.1%, with 5 percentage points of improvement due to the special warranty expense last year. Non-recurring costs like audit, legal and other professional services cost was $9MM plus. Effective tax rate was 34.2% in the quarter.

$ITRI {{ '2016-09-02T07:30:25+0000' | timeago}} • Webcast

$ITRI extended its 10-K filing due to a rigorous approach to Vendor Specific Objective Evidence analysis of software and related revenue and costs in 2015 and prior years. The 2015 10-K filed on June 30 showed $0.73 non-GAAP EPS, $0.28 lower than the Feb. report, mainly due to a one-time legal settlement concerning TransData license.

$ITRI {{ '2016-09-02T07:24:36+0000' | timeago}} • Webcast

Technology company $ITRI's 2Q16 revenue grew 10% in constant currency, with revenue growth in all segments. Backlog at end 2Q16 was $1.3Bil, with $395MM of bookings in the quarter. In Aug., $ITRI announced a contract with Peoples Natural Gas in Pennsylvania to install 460,000 OpenWay Riva communications modules over next 5 years.

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