secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001157523-22-001507
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752322001507/0001157523-22-001507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752322001507/a52959495.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001507

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer