Itron Q1 revenue $603M (+22% YoY); GAAP EPS $1.12 vs loss year ago; guides Q2 non-GAAP EPS $0.90-1.00

ITRON, INC.

2024-Q1 EPS reported $1.12 revenue$603,442,000

Revenue $603M (+22% YoY); gross margin 34.0% (+240bps) on higher margin mix and operational efficiencies.
GAAP net income $52M ($1.12 diluted EPS) vs net loss $12M ($0.26 loss) in Q1 2023.
Non-GAAP diluted EPS $1.24 (+$0.75 YoY); adjusted EBITDA $76M (+94% YoY).
Networked Solutions revenue +30%; backlog $4.3B; Q2 2024 outlook: revenue $595-605M, non-GAAP EPS $0.90-1.00.
Free cash flow $34M (vs -$5M year ago) on higher earnings.

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 0.95

ITRON, INC. reported the three months ended March 31, 2024 results: revenue $603 million, net income $52 million, EPS $1.12 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $603 million
Net income: $52 million
EPS: $1.12 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

water, announced today financial results for its first quarter ended March 31, 2024. Key results for the quarter include (compared with the first quarter of 2023): Revenue of $603 million, increased 22%; Gross profit of $205 million, increased 31%; GAAP net income attributable to Itron, Inc. of $52 million, increased $64 million; GAAP diluted earnings per share of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ITRON, INC. reported the second quarter of 2024 results: revenue $595 and $605 million, EPS $0.90 and $1.00. Guidance initiated.

Period: the second quarter of 2024
Revenue: $595 and $605 million
EPS: $0.90 and $1.00
Guidance: initiated
Result: guidance update

Exact text from the filing

Revenue between $595 and $605 million Non-GAAP diluted EPS between $0.90 and $1.00

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1447 earnings releases filed in the last 30 days. Browse all earnings releases →

ITRON, INC. filing history →

Source: SEC EDGAR

accession 0001171843-24-002461

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