Itron Q4 revenue $467M (-4% YoY), GAAP EPS $0.49 vs -$1.30; backlog record $4.6B; guides FY2023 rev $1.85-1.95B

ITRON, INC.

2022-FY EPS reported -$0.22 revenue$1,795,564,000

Q4 GAAP net income $22M ($0.49 diluted EPS) vs net loss of $59M (-$1.30) in prior year; non-GAAP EPS $0.71 vs $0.75.
Full year 2022 revenue $1.8B; GAAP net loss $10M (-$0.22 per share); non-GAAP EPS $1.13.
Total backlog reached record $4.6B; Q4 bookings $898M with book-to-bill 1.9x.
FY2023 guidance: revenue $1.85-1.95B, non-GAAP diluted EPS $0.70-1.10; Q1 guidance: rev $460-475M, non-GAAP EPS $0.05-0.15.
New restructuring plan announced to optimize global supply chain and reduce overhead.

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 1.0

ITRON, INC. reported fourth quarter ended December 31, 2022 results: revenue $467 million, net income $22 million, EPS $0.49.

Period: fourth quarter ended December 31, 2022
Revenue: $467 million
Net income: $22 million
EPS: $0.49
Result: reported results

Exact text from the filing

Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2022. Highlights for the quarter and full year include: Quarterly and full year revenue of $467 million and $1.8 billion; Quarterly and full year gross margin of 30.1% and 29.1%; Quarterly GAAP net income of $22 million and a full year loss of $(10) million; Quarterly GAAP diluted earnings per share of $0.49 and a full year loss per share of $(0.22);

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ITRON, INC. reported full year ended December 31, 2022 results: revenue $1.8 billion, net income $(10) million, EPS $(0.22).

Period: full year ended December 31, 2022
Revenue: $1.8 billion
Net income: $(10) million
EPS: $(0.22)
Result: reported results

Exact text from the filing

Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2022. Highlights for the quarter and full year include: Quarterly and full year revenue of $467 million and $1.8 billion; Quarterly and full year gross margin of 30.1% and 29.1%; Quarterly GAAP net income of $22 million and a full year loss of $(10) million; Quarterly GAAP diluted earnings per share of $0.49 and a full year loss per share of $(0.22);

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ITRON, INC. reported full year 2023 results: revenue between $1.85 and $1.95 billion, EPS between $0.70 and $1.10. Guidance initiated.

Period: full year 2023
Revenue: between $1.85 and $1.95 billion
EPS: between $0.70 and $1.10
Guidance: initiated
Result: guidance update

Exact text from the filing

Itron’s guidance for the full year 2023 is as follows: Revenue between $1.85 and $1.95 billion Non-GAAP diluted EPS between $0.70 and $1.10

View on SEC.gov

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

ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-000358

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