secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001157523-21-001339
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Itron Q3 revenue down 10% to $487M; component constraints cut ~$100M
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- GAAP net loss of $(2)M ($(0.04) EPS) vs $(25)M loss prior year; non-GAAP EPS $0.21 vs $0.61.
- Revenue $487M, down 10% YoY; component constraints reduced revenue by ~$100M.
- Backlog rose to $3.4B from $2.8B; bookings $395M in quarter.
- Announced definitive agreement to sell European gas businesses and gas regulator business; restructuring.
- Board authorized $100M share repurchase over 18 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752321001339/0001157523-21-001339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752321001339/a52521517.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001339

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