Itron: Share Repurchase Authorization

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LIBERTY LAKE, Washington - Itron, Inc. (ITRI), a world-leading technology and services company dedicated to the resourceful use of energy and water, announced that its board of directors has authorized a new repurchase program of up to $50 million of Itron common stock over a 12-month period beginning Feb. 19, 2015.

"The Board's authorization of a new share repurchase program reflects Itron’s confidence in the company’s long-term outlook," said Philip Mezey, Itron president and chief executive officer. "This authorization provides the ability to return capital to shareholders by repurchasing shares while maintaining flexibility to invest capital internally to grow the business and make strategic investments in our future."

Repurchases under the program will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.


About Itron

Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com.
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