Itron Q1 revenue $495M (+4% YoY), non-GAAP EPS $0.49 vs $0.11, backlog $4.6B

ITRON, INC.

2023-Q1 EPS reported -$0.26 revenue$494,618,000

Revenue $495M (+4% YoY, +6% constant currency); gross margin 31.6% (+320 bps).
GAAP net loss $12M ($0.26 loss per share) vs net income $1M ($0.02 EPS) in Q1 2022.
Non-GAAP diluted EPS $0.49 vs $0.11; Adjusted EBITDA $39M (+109%).
Total backlog $4.6B, up 17% YoY; Q2 outlook: revenue $510-525M, non-GAAP EPS $0.25-0.35.
All three segments improved profitability; supply chain improving but volatility persists.

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 first quarter ended Mar. 31, 2023 results: revenue $495 million, net income $12 million, EPS $0.26.

Period: first quarter ended Mar. 31, 2023
Revenue: $495 million
Net income: $12 million
EPS: $0.26
Result: reported results

Exact text from the filing

announced today financial results for its first quarter ended Mar. 31, 2023. Key results for the quarter include (compared with the first quarter of 2022): Revenue of $495 million, increased 4%; Gross profit of $156 million, increased 16%; GAAP net loss of $12 million, a decrease of $13 million; GAAP loss per share of $0.26, a decrease of $0.28 per share; Non-GAAP diluted EPS of $0.49, increased $0.38 per share;

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ITRON, INC. reported second quarter of 2023 results: revenue $510 and $525 million, EPS $0.25 and $0.35. Guidance initiated.

Period: second quarter of 2023
Revenue: $510 and $525 million
EPS: $0.25 and $0.35
Guidance: initiated
Result: guidance update

Exact text from the filing

Outlook for the second quarter of 2023 is as follows: Revenue between $510 and $525 million Non-GAAP diluted EPS between $0.25 and $0.35

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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 0001157523-23-000731

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