Collaborations And PartnershipsThe company's recently announced expanded collaborations with Microsoft, Schneider Electric, and Norgesnett, as well as awards with the City of Helsingborg, are highlighted as positive developments.
Financial PerformanceItron issued Q4/24 results, reporting revenues of ~$613M (up ~6% y/y) and Adj. EBITDA of $81M (up ~19% y/y), with both top- and bottom-line numbers exceeding estimates and Street consensus.
Market PositionItron has a 2+ year lead in the grid modernization market, which has consolidated from 5 players to 2, positioning the company advantageously.