secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001157523-23-001624
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001624/0001157523-23-001624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000115752323001624/a53737538.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001624

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