---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002461"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:11:53.102484+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-24-002461
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2024-05-02T23:59:59+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/780571/000117184324002461/0001171843-24-002461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000117184324002461/f8k_050224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002461
- JSON: https://secwatch.observer/filing/0001171843-24-002461.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002461.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000117184324002461/0001171843-24-002461-index.htm
- Earnings Releases
  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
  source text: Revenue between $595 and $605 million Non-GAAP diluted EPS between $0.90 and $1.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/780571/000117184324002461/0001171843-24-002461-index.htm

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