---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001624"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:21:13.592905+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001624
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000115752323001624/0001157523-23-001624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000115752323001624/a53737538.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001624
- JSON: https://secwatch.observer/filing/0001157523-23-001624.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001624.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000115752323001624/0001157523-23-001624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.