Itron Q3 2024: Revenue $615M (+10%), GAAP EPS $1.70, Non-GAAP EPS $1.84; guides FY24 revenue $2.428-$2.438B

ITRON, INC.

2024-Q3 EPS reported $3.91 revenue$1,827,973,000

Revenue of $615M (+10% YoY); gross margin 34.1% (+70 bps); GAAP net income $78M ($1.70 EPS) vs. $40M ($0.87 EPS).
Non-GAAP EPS $1.84 vs. $0.98; adjusted EBITDA $89M (+29%); free cash flow $59M vs. $28M.
Favorable foreign tax audit resolution added $14M ($0.30 per share) to net income.
FY 2024 guidance raised: revenue $2.428-$2.438B (prior $2.385-$2.415B); Non-GAAP EPS $5.28-$5.38 (prior $4.45-$4.65).
Q4 2024 outlook: revenue $600-$610M; Non-GAAP EPS $1.00-$1.10.

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