---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000358"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:10:13.028490+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000358
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/0001157523-23-000358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/a53347138.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000358
- JSON: https://secwatch.observer/filing/0001157523-23-000358.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000358.txt

## Key facts
- Earnings Releases
  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
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/0001157523-23-000358-index.htm
- Earnings Releases
  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
  source text: 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);
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/0001157523-23-000358-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/0001157523-23-000358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.