secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001157523-23-001247
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001247/0001157523-23-001247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001247/a53505851.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001247

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