---
schema_version: "secwatch.filing_event.v1"
accession: "0000780571-24-000004"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T16:02:54.957542+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Itron Q4 revenue $577M (+23% YoY), GAAP EPS $0.96, Non-GAAP $1.23; guides FY24 rev $2.275-2.375B

## Summary
- 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.

## SEC filing metadata
- accession: 0000780571-24-000004
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/0000780571-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/itri-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000780571-24-000004
- JSON: https://secwatch.observer/filing/0000780571-24-000004.json
- Plain text: https://secwatch.observer/filing/0000780571-24-000004.txt

## Key facts
- Earnings Releases
  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
  source text: First quarter 2024 financial outlook: • Revenue between $575 and $585 million • Non-GAAP diluted EPS between $0.80 and $0.90
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/0000780571-24-000004-index.htm
- Earnings Releases
  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
  source text: Full year 2024 financial guidance: • Revenue between $2.275 to $2.375 billion • Non-GAAP diluted EPS between $3.40 to $3.80
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/0000780571-24-000004-index.htm
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/0000780571-24-000004-index.htm
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000078057124000004/0000780571-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.