ITRON, INC.

Itron, Inc. announced it will release its financial results for the second quarter ended June 30, 2026, on Tuesday, July 28, 2026, at 8:30 a.m. EDT. Following the release, Itron management will host a conference call at 10:00 a.m. EDT to discuss the results. Interested parties can access a live webcast of the call and a supplemental presentation via the company's investor relations website, with a replay available until August 4, 2026.

Itron, Inc. has opened nominations for its eighth annual Itron Innovator Award, which recognizes utility or city customers who have leveraged Itron's partner enablement program to deliver innovative solutions. These solutions aim to improve resource efficiency, enhance safety, or strengthen community outcomes. Nominations will be accepted until August 17, 2026, with the winner to be announced at Itron Inspire 2026 in Houston, Texas.

Itron, Inc. is collaborating with Watercare Services, New Zealand's largest water and wastewater utility, to modernize its water network. The partnership involves upgrading 100,000 existing mechanical meters with Itron Intelis wSource digital water meters, contributing to Watercare's broader goal of deploying nearly half a million smart meters across the Auckland region. This digital transformation is expected to enhance network visibility, improve leak detection, and increase billing accuracy, supporting more efficient and sustainable operations.

Itron, Inc. has released its 2025 Corporate Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) initiatives. The company achieved an 11% year-over-year reduction in operational emissions, contributing to a 56% cumulative reduction from its 2019 baseline. Itron's solutions also enabled customers to avoid at least 8.7 million metric tons of greenhouse gas emissions, which is more than 690 times Itron's own operational carbon output. The report also noted strengthened governance, workplace safety advancements, and over $500,000 in community contributions.

Itron announced a collaboration with Office d'Equipement Hydraulique de Corse (OEHC) to deploy 10,000 Intelis wSource ultrasonic solid-state water meters across Corsica, France. This initiative aims to help OEHC save 5 million cubic meters of water annually by 2035 and improve billing accuracy, as OEHC previously could only bill for about 50% of water used. The deployment, following a successful 2023 pilot, is targeted for completion by 2030.

Itron, Inc. has launched the Locusview Connector for SAP S/4HANA, a new feature within its Locusview Digital Construction Management (DCM) platform. This connector provides seamless, bidirectional integration with SAP S/4HANA, enabling automated data flow for construction, work order, and asset information. The solution aims to reduce IT workload, accelerate project closeouts, and enhance data integrity by eliminating manual processes for energy utilities. Locusview was acquired by Itron earlier this year.

Itron, Inc. is expanding its collaboration with Hunter Water, an Australian utility, for a Digital Metering Pilot Program. Hunter Water will deploy 2,000 Itron Intelis wSource NB-IoT ultrasonic water meters, managed by Itron's Temetra cloud-based solution, which the utility has used for over five years. The program, set to begin deployment in Q3 2026, aims to enhance water network management, reduce water loss, and provide customers with better insights into their usage, building on Hunter Water's previous success in reducing water leaks by 33% over nine years.

Itron, in collaboration with Ceinsys Tech Ltd., has completed the deployment of a smart water management project with Thane Municipal Corporation (TMC) in western India. The project modernizes water management using Itron’s MDM solution, Temetra, and smart water meters, enhancing conservation, distribution efficiency, and service reliability for residents. It is already delivering measurable benefits including reduced water loss and improved billing accuracy, setting a new benchmark for smart water management in India.

Itron's Board of Directors authorized a new share repurchase program of up to $200 million of its common stock, effective May 8, 2026, over an 18-month period. Additionally, at its 2026 Annual Meeting of Shareholders, all three proposals presented were passed. Shareholders elected five directors, approved the advisory resolution on executive compensation, and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the 2026 fiscal year.

Itron, Inc. reported Q1 2026 revenues of $587.0 million, a 3.3% decrease year-over-year, with diluted EPS falling 16.9% to $1.18. Despite the revenue decline, gross profit increased by 8.8%. During the quarter, Itron completed the acquisition of Locusview, Ltd. for $515.1 million and repaid its $460.0 million 2021 Convertible Notes while issuing $805.0 million in 2026 Convertible Notes.