secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001157523-23-000358
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/0001157523-23-000358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752323000358/a53347138.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000358

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