secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000731
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/0001157523-23-000731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752323000731/a53393283.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000731

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