Itron Q2 revenue $541M (+25%), non-GAAP EPS $0.65; raises FY23 guidance sharply

ITRON, INC.

2023-Q2 EPS reported $0.27 revenue$1,035,688,000

Q2 revenue $541M (+25% YoY); GAAP net income $24M vs. loss of $37M in prior year.
Non-GAAP diluted EPS $0.65 vs. $0.07; Adjusted EBITDA $49M, up 182%.
Total backlog $4.5B (+11%); free cash flow $36M vs. $10M.
Full-year 2023 revenue guidance raised to $2.11-2.14B (prev. $1.85-1.95B); non-GAAP EPS to $2.03-2.28 (prev. $0.70-1.10).
Q3 2023 outlook: revenue $535-545M, non-GAAP diluted EPS $0.44-0.56.

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 the second quarter ended June 30, 2023 results: revenue $541 million, net income $24 million, EPS $0.53.

Period: the second quarter ended June 30, 2023
Revenue: $541 million
Net income: $24 million
EPS: $0.53
Result: reported results

Exact text from the filing

Revenue of $541 million, increased 25%; Gross profit of $174 million, increased 38%; GAAP net income of $24 million, increased $61 million; GAAP diluted earnings per share of $0.53, increased $1.35 per share; Non-GAAP diluted EPS of $0.65, increased $0.58 per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ITRON, INC. reported the third quarter of 2023 results: revenue between $535 and $545 million, EPS between $0.44 and $0.56. Guidance initiated.

Period: the third quarter of 2023
Revenue: between $535 and $545 million
EPS: between $0.44 and $0.56
Guidance: initiated
Result: guidance update

Exact text from the filing

Outlook for the third quarter of 2023 is as follows: Revenue between $535 and $545 million Non-GAAP diluted EPS between $0.44 and $0.56

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ITRON, INC. reported the full year 2023 results: revenue between $2.11 to $2.14 billion, EPS between $2.03 to $2.28. Guidance raised.

Period: the full year 2023
Revenue: between $2.11 to $2.14 billion
EPS: between $2.03 to $2.28
Guidance: raised
Result: guidance update

Exact text from the filing

Itron's guidance for the full year 2023 has been updated as follows: Revenue between $2.11 to $2.14 billion vs. previous guidance of $1.85 to $1.95 billion Non-GAAP diluted EPS between $2.03 to $2.28 vs. previous guidance of $0.70 to $1.10

View on SEC.gov

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ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-001247

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