Itron Launches Global Cost Savings Project
Itron, Inc. (ITRI)
Last itron, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), the leader in innovating the way utilities and cities manage energy and water, announced a plan to deliver $20 million to $25 million in annual savings from a global cost savings project, that includes continued execution towards its asset light strategy.“Itron continuously pursues ways to better utilize our talent, capital and infrastructure to more efficiently and effectively support our customers,” said Tom Deitrich, Itron's president and chief executive officer. “With this cost savings project, we are taking an opportunity to further align our operations with our strategy to increase focus on higher value solutions and optimize our supply chain. These actions will make Itron stronger and more resilient.”This project will begin immediately and is scheduled to be substantially complete by the end of 2022. Approximately 80% of the savings will improve gross margin with the remainder primarily focused on SG&A activi
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News
- Itron, Inc. (NASDAQ: ITRI) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $102.00 price target on the stock.MarketBeat
- Itron (ITRI) Gains 74% in a Year: Will the Trend Continue? [Yahoo! Finance]Yahoo! Finance
- Itron to Announce First Quarter Results on May 2, 2024 [Yahoo! Finance]Yahoo! Finance
- Itron to Announce First Quarter Results on May 2, 2024Business Wire
- Itron, Inc. (NASDAQ: ITRI) had its price target lowered by analysts at Piper Sandler from $105.00 to $103.00. They now have an "overweight" rating on the stock.MarketBeat
ITRI
Earnings
- 2/26/24 - Beat
ITRI
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ITRI's page on the SEC website