secwatch.observer — SEC 8-K summary
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Issuer:     ITRON, INC. (ITRI)
CIK:        0000780571
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001171843-24-005929
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/780571/000117184324005929/0001171843-24-005929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/780571/000117184324005929/f8k_103124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005929

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