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Itron, Inc.

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Itron component shortages and extended lead times remain major concerns for the company. Also, it is currently suffering from inefficiencies in the global supply chain. Moreover, the elevated costs related to this poses serious risk to the company’s margin expansion. Further, sluggish industrial and commercial shipments in Latin America and Asia Pacific regions are headwinds. Notably, shares of Itron have underperformed the industry in the past one year.  However, it is witnessing strong bookings and improvement in its backlogs. It is benefiting from growing customer demand, owing to its robust product portfolio. Further, its well-performing gas and network segments are driving its top-line growth. Additionally, buyout of Silver Spring Networks is contributing well to the network segment’s growth.

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