Itron Q3 revenue falls 14% to $421M; Q4 guidance weak on supply constraints

ITRON, INC.

2022-Q3 EPS reported -$0.71 revenue$1,328,073,000

Revenue $421M vs $487M YoY (-14%); gross margin 28.5% up 80 bps.
GAAP net income $4M ($0.09 diluted EPS) vs loss of $(2M) (-$0.04) YoY.
Non-GAAP diluted EPS $0.23 vs $0.21; adjusted EBITDA $24M vs $26M.
Total backlog hits record $4.2B; Q3 bookings $578M.
Q4 2022 guidance: revenue $420-460M; non-GAAP EPS $0.00-$0.15.

item 2.02 item 9.01

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 financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022 , Itron, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2022 .

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001157523-22-001507

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