8-K
filed February 26, 2024, 6:59 PM ET
ticker ITRI
CIK 0000780571
earnings
confidence high
sentiment positive
materiality 0.80
Itron Q4 revenue $577M (+23% YoY), GAAP EPS $0.96, Non-GAAP $1.23; guides FY24 rev $2.275-2.375B
ITRON, INC.
2023-FY EPS reported
$2.11
revenue$2,173,633,000
- Q4 revenue $577M (+23% YoY); GAAP diluted EPS $0.96 vs $0.49; Non-GAAP diluted EPS $1.23 vs $0.71.
- Full-year 2023 revenue $2.2B (+21%); GAAP net income $97M ($2.11 per share) vs loss prior year.
- Adjusted EBITDA $68M in Q4 (+99% YoY); free cash flow $39M vs -$18M. Backlog at quarter end $4.5B.
- Q1 2024 outlook: revenue $575-585M, Non-GAAP EPS $0.80-0.90. Full-year 2024 guidance raised.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ITRON, INC. reported first quarter 2024 results: revenue $575 to $585 million, EPS $0.80 to $0.90. Guidance initiated.
- Period
- first quarter 2024
- Revenue
- $575 to $585 million
- EPS
- $0.80 to $0.90
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
First quarter 2024 financial outlook: • Revenue between $575 and $585 million • Non-GAAP diluted EPS between $0.80 and $0.90
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ITRON, INC. reported full year 2024 results: revenue $2.275 to $2.375 billion, EPS $3.40 to $3.80. Guidance initiated.
- Period
- full year 2024
- Revenue
- $2.275 to $2.375 billion
- EPS
- $3.40 to $3.80
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Full year 2024 financial guidance: • Revenue between $2.275 to $2.375 billion • Non-GAAP diluted EPS between $3.40 to $3.80
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ITRON, INC. reported three months ended December 31, 2023 results: revenue $577 million, net income $44 million, EPS $0.96.
- Period
- three months ended December 31, 2023
- Revenue
- $577 million
- Net income
- $44 million
- EPS
- $0.96
- Result
- reported results
Exact text from the filing
• Revenue of $577 million and $2.2 billion, increased 23% and 21%; • Gross profit of $196 million and $714 million, increased 39% and 37%; • GAAP net income attributable to Itron, Inc. of $44 million and $97 million, increased $22 million and $107 million; • GAAP diluted earnings per share of $0.96 and $2.11, increased $0.47 and $2.33; • Non-GAAP diluted EPS of $1.23 and $3.36, increased $0.52 and $2.23; • Adjusted EBITDA of $68 million and $226 million, increased 99% and 137%; and • Free cash flow of $39 million and $98 million, increased $57 million and $93 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
ITRON, INC. reported year ended December 31, 2023 results: revenue $2.2 billion, net income $97 million, EPS $2.11.
- Period
- year ended December 31, 2023
- Revenue
- $2.2 billion
- Net income
- $97 million
- EPS
- $2.11
- Result
- reported results
Exact text from the filing
• Revenue of $577 million and $2.2 billion, increased 23% and 21%; • Gross profit of $196 million and $714 million, increased 39% and 37%; • GAAP net income attributable to Itron, Inc. of $44 million and $97 million, increased $22 million and $107 million; • GAAP diluted earnings per share of $0.96 and $2.11, increased $0.47 and $2.33; • Non-GAAP diluted EPS of $1.23 and $3.36, increased $0.52 and $2.23; • Adjusted EBITDA of $68 million and $226 million, increased 99% and 137%; and • Free cash flow of $39 million and $98 million, increased $57 million and $93 million
View on SEC.gov
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