China smartphone shipments slumped in June on inventory overhang: Jefferies
David Marshall Wright, Vice President, Corporate Controller & Chief Accounting Officer of Itron, Inc. (NASDAQ:ITRI), recently executed a stock transaction involving the sale of 102 shares of common stock. The transaction, which took place on May 27, 2025, was conducted at an average price of $114.9451 per share, amounting to a total value of approximately $11,724.
This sale was carried out to cover tax withholding obligations connected to the vesting of a restricted stock unit award. According to InvestingPro data, Itron currently trades above its Fair Value, while maintaining strong profitability with a return on equity of 18% and positive analyst sentiment, with 6 analysts recently revising earnings estimates upward. Following this transaction, Wright holds 7,791 shares of Itron’s common stock.
In other recent news, Itron Inc. reported strong first-quarter 2025 earnings with an EPS of $1.52, surpassing analyst forecasts of $1.32. Despite this earnings beat, the company’s revenue slightly missed expectations, coming in at $607 million compared to the projected $614.49 million. The company achieved a record gross margin of 35.8% and an EBITDA margin of 14.5%. In terms of corporate governance, Itron announced amendments to its Articles of Incorporation, doubling its authorized shares from 75 million to 150 million, a move aimed at providing greater flexibility for future corporate needs. Additionally, shareholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2025. The company is also focused on mergers and acquisitions, particularly in the software domain, as highlighted by CFO Joan Hooper. Itron’s strategic positioning amidst market uncertainties was emphasized by CEO Tom Dietrich, who noted the company’s readiness to navigate macroeconomic challenges. These developments reflect Itron’s commitment to aligning its corporate structure and strategic objectives with its operational performance.
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