secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001171843-24-002461
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000117184324002461/0001171843-24-002461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000117184324002461/f8k_050224.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002461

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