Highest-materiality recent filing
Itron authorizes $200M share repurchase program over 18 months
Board authorized up to $200M stock buyback over 18 months starting May 8, 2026.
Itron Q1 revenue down 3% to $587M, GAAP EPS $1.18 vs $1.42, non-GAAP EPS $1.49
Revenue $587M, down 3% YoY; GAAP net income $53M ($1.18 diluted EPS), down from $65M ($1.42).
Itron reports unauthorized third-party access to systems; investigation ongoing, operations continue
Unauthorized access discovered April 13, 2026; response plan activated and law enforcement notified.
$700M principal 0.00% convertible senior notes due 2032; initial conversion price $123.77/share (30% premium to $95.21).
Itron Q4 beats: GAAP EPS $2.21 vs $1.26; Non-GAAP $2.46; Revenue $572M; Guides FY26 rev $2.35-2.45B
Q4 revenue $572M (-7% YoY); GAAP net income $102M, diluted EPS $2.21 (vs $1.26).
Itron to acquire Locusview for $525M in cash; close expected Jan 2026
Purchase price of $525 million funded from cash on hand; working capital adjustments post-close.
Itron Q3 revenue down 5% to $582M, gross margin up 360 bps; acquires Urbint for $325M
GAAP diluted EPS $1.41 vs $1.70 YoY; Non-GAAP diluted EPS $1.54 vs $1.84.
Itron to acquire Urbint for $325M in cash, expected close Q4 2025
Purchase price $325M, funded from cash on hand.
Itron reports Q2 GAAP EPS $1.47, non-GAAP EPS $1.62; raises full-year 2025 outlook
GAAP net income $68M ($1.47 diluted EPS); non-GAAP diluted EPS $1.62, up $0.41 YoY.
Itron shareholders double authorized common shares to 150M, approve charter amendments
Authorized common stock increased from 75M to 150M shares, effective May 8, 2025.
Revenue $607M (+1% YoY); gross margin 35.8% (+180 bps) on favorable product mix.
Itron Q4 revenue $613M (+6% YoY); GAAP EPS $1.26; full-year record backlog $4.7B
Q4 revenue $613M, up 6% YoY; GAAP net income $58M ($1.26 diluted EPS); Non-GAAP EPS $1.35.
Revenue of $615M (+10% YoY); gross margin 34.1% (+70 bps); GAAP net income $78M ($1.70 EPS) vs. $40M ($0.87 EPS).
Itron board authorizes $100M share repurchase program; appoints new CAO
David M. Wright appointed VP, Corporate Controller & Chief Accounting Officer effective Sept 19, 2024; no new compensation arrangement.
Itron Q2 2024 revenue $609M (+13% YoY), GAAP EPS $1.10, raises FY 2024 guidance
Revenue $609M (+13% YoY); gross margin 34.6% (+250 bps).
Itron prices $700M 1.375% convertible notes due 2030; conversion premium 27.5%
Issued $700M of 1.375% Convertible Senior Notes due July 15, 2030; initial purchasers exercised $105M option.
Revenue $603M (+22% YoY); gross margin 34.0% (+240bps) on higher margin mix and operational efficiencies.
Itron Q4 revenue $577M (+23% YoY), GAAP EPS $0.96, Non-GAAP $1.23; guides FY24 rev $2.275-2.375B
Q4 revenue $577M (+23% YoY); GAAP diluted EPS $0.96 vs $0.49; Non-GAAP diluted EPS $1.23 vs $0.71.
Itron Q3 revenue $561M (+33% YoY), beats expectations; raises FY2023 guidance
GAAP diluted EPS $0.87 vs $0.09 YoY; Non-GAAP diluted EPS $0.98 vs $0.23.
Maturity extended to Oct 18, 2026; if convertible notes outstanding on Dec 14, 2025, accelerates to Dec 14, 2025 unless liquidity covers notes.
Itron Q2 revenue $541M (+25%), non-GAAP EPS $0.65; raises FY23 guidance sharply
Q2 revenue $541M (+25% YoY); GAAP net income $24M vs. loss of $37M in prior year.
Itron Q1 revenue $495M (+4% YoY), non-GAAP EPS $0.49 vs $0.11, backlog $4.6B
Revenue $495M (+4% YoY, +6% constant currency); gross margin 31.6% (+320 bps).
Q4 GAAP net income $22M ($0.49 diluted EPS) vs net loss of $59M (-$1.30) in prior year; non-GAAP EPS $0.71 vs $0.75.
Itron approves $40-45M restructuring plan; expects $14-17M annual savings
Board approved 2023 Projects restructuring plan on Feb 23, 2023; estimated pre-tax charges of $40-45M, ~95% cash.
Itron Q3 revenue falls 14% to $421M; Q4 guidance weak on supply constraints
Revenue $421M vs $487M YoY (-14%); gross margin 28.5% up 80 bps.
Itron Q2 revenue down 12%; guides FY 2022 revenue and EPS well below prior outlook
Revenue $432M (-12% YoY); GAAP net loss $37M ($0.82 loss per share) vs $33M loss year ago.
Itron Q1 revenue falls 9% to $475M; GAAP EPS $0.02 vs $0.30; backlog up to $3.9B
Revenue $475M, down 9% YoY; gross margin 28.4%, down 380 bps due to component costs and shortages.
Itron SVP, General Counsel and Corporate Secretary Sarah Hlavinka resigns effective March 31, 2022
Sarah E. Hlavinka notified Itron of her resignation on March 4, 2022, effective March 31, 2022.
Itron Q4 GAAP EPS $(1.30) on $486M revenue; FY2022 guidance $2.0-2.1B, EPS $1.25-$1.75
Q4 revenue $486M (-8% YoY); full-year $2.0B.
Itron board authorizes $100M share repurchase over 18 months
Board approved up to $100M in share repurchases over an 18-month period beginning Nov 1, 2021.
Itron Q3 revenue down 10% to $487M; component constraints cut ~$100M
GAAP net loss of $(2)M ($(0.04) EPS) vs $(25)M loss prior year; non-GAAP EPS $0.21 vs $0.61.
Itron sells gas regulator & European C&I gas metering ops to Dresser for $75M
Sale price $75M; pre-tax loss of $30-40M expected upon close in H1 2022 due to $58-62M FX translation losses.
On February 19, 2025, Mary C. Hemmingsen, a member of the Board and a member of the Audit/Finance Committee, advised the Company that owing to her significant work and board load as partner at Moneta Securities and her audit chair role for four companies, she will not stand for re-election to the Board at the Company's 2025 Annual Meeting of Shareholders.
On February 19, 2025, Lynda L. Ziegler, a member of the Board of Directors (the Board) of Itron, Inc. (the Company), the chair of the Nominating and Corporate Governance Committee, and a member of the Compensation Committee, notified the Company that she will retire when her term ends and, therefore, not stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders.
On September 19, 2024, the Board of Directors of Itron, Inc. (Itron or the Company) approved the appointment of David M. Wright, 54, as the Company’s Vice President, Corporate Controller & Chief Accounting Officer.
Effective July 18, 2023, the Board of Directors (the Board) of Itron, Inc. (the Company) appointed Sanjay Mirchandani as a new director of the Board, effective immediately.
On April 13, 2023, Michel C. Cadieux, Senior Vice President, Human Resources, notified Itron, Inc. (the Company) he will retire from the Company in the second half of 2023.
Effective October 7, 2022, the Board of Directors (the Board) of Itron, Inc. (the Company) appointed Mary C. Hemmingsen as a new director of the Board, effective immediately.
On March 4, 2022, Sarah E. Hlavinka, Senior Vice President, General Counsel and Corporate Secretary, notified Itron, Inc. (the Company) she will resign from her position at the Company, effective March 31, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings