Itron Q3 revenue $561M (+33% YoY), beats expectations; raises FY2023 guidance

ITRON, INC.

2023-Q3 EPS reported $1.15 revenue$1,596,460,000

GAAP diluted EPS $0.87 vs $0.09 YoY; Non-GAAP diluted EPS $0.98 vs $0.23.
Revenue $561M (+33%), gross profit $187M (+56%), adjusted EBITDA $68M (+181%).
Free cash flow $28M vs $11M YoY; total backlog $4.3B (+3%).
FY2023 guidance raised: revenue $2.16-2.17B (prev. $2.11-2.14B), non-GAAP EPS $2.83-2.93 (prev. $2.03-2.28).
CEO cites strong execution, improving supply chain, and broad-based customer deliveries.

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 0.99

ITRON, INC. reported the three and nine months ended September 30, 2023 results: revenue $561 million, net income $40 million, EPS $0.87 per diluted share. Guidance raised.

Period: the three and nine months ended September 30, 2023
Revenue: $561 million
Net income: $40 million
EPS: $0.87 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2023. Key results for the quarter include (compared with the third quarter of 2022): Revenue of $561 million, increased 33%

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ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-001624

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