secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001157523-22-001034
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Itron Q2 revenue down 12%; guides FY 2022 revenue and EPS well below prior outlook
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- Revenue $432M (-12% YoY); GAAP net loss $37M ($0.82 loss per share) vs $33M loss year ago.
- Non-GAAP EPS $0.07 vs $0.28; Adjusted EBITDA $17M vs $36M.
- Total backlog record $4.1B (up from $3.5B); bookings $612M in quarter.
- FY 2022 guidance: revenue $1.85-1.9B (down from $2.0-2.1B), non-GAAP EPS $0.70-0.90 (down from $1.25-1.75).
- Goodwill impairment of $38.5M in Device Solutions segment; supply constraints and inflation cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752322001034/0001157523-22-001034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752322001034/a52801276.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001034

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