Itron delivered strong third quarter results with record margin, profitability, and cash flow, driven by increased adjusted EBITDA and free cash flow. However, total revenue decreased by 5% compared to the prior year, primarily due to portfolio optimization and project deployment timing. Device Solutions and Networked Solutions saw revenue declines, while Outcomes revenue increased.

Itron delivered strong second quarter results, achieving record levels of margin, profitability, and cash flow. Revenue was $607 million, with significant increases in gross profit, net income, and EPS compared to the prior year. The company saw growth in Outcomes revenue, while Device Solutions and Networked Solutions experienced slight decreases.

Itron reported a 1% increase in revenue for the first quarter of 2025, reaching $607 million. The company saw significant growth in gross profit and net income, driven by favorable product mix, operational efficiencies, and increased recurring revenue in the Outcomes segment. Non-GAAP EPS also showed a strong increase.

Itron delivered a solid performance in Q4 2024, with revenue reaching $613 million, a 6% increase year-over-year. Net income rose to $58 million, with GAAP EPS at $1.26 and non-GAAP EPS at $1.35. The company achieved record backlog levels of $4.7 billion and experienced strong growth in its Outcomes segment. Free cash flow increased significantly to $70 million.

Itron reported a 10% increase in total revenue to $615 million for Q3 2024, driven by strong performance across all segments. Net income attributable to Itron was $78 million, or $1.70 per diluted share, compared to $40 million, or $0.87 per diluted share in the prior year. Free cash flow increased to $59 million from $28 million in the prior year.

Itron reported a 13% increase in revenue to $609 million, driven by strong operational execution and conversion of previously constrained revenue. The company's GAAP operating income rose to $65 million, and net income attributable to Itron was $51 million, or $1.10 per diluted share.

Itron reported a 22% increase in total revenue to $603 million, driven by strong operational execution and customer demand. The company's GAAP operating income increased to $63 million, and net income attributable to Itron was $52 million, or $1.12 per diluted share.

Itron reported a strong fourth quarter with a 23% increase in revenue to $577 million. Improved supply chain conditions and efficient operations drove record quarterly revenue levels for the Networked Solutions and Outcomes segments. The company's GAAP net income attributable to Itron, Inc. increased to $44 million, or $0.96 per diluted share, while non-GAAP diluted EPS reached $1.23.

Itron reported a strong third quarter in 2023, with revenue increasing by 33% to $561 million. The company saw improvements in gross profit, GAAP net income, EPS, adjusted EBITDA, and free cash flow, driven by better supply chain conditions and strong operational execution. The quarter-end cash balance was $255 million, and total backlog reached $4.3 billion.

Itron's Q2 2023 results showed a 25% increase in revenue to $541 million, a gross profit increase of 38% to $174 million, and a GAAP net income of $24 million, a $61 million increase compared to the second quarter of 2022. The company's performance was attributed to capitalizing on a strong backlog, improved asset utilization, and better component availability.

Itron reported a 4% increase in revenue to $495 million. The company experienced a GAAP net loss of $12 million, or $0.26 per share. Non-GAAP diluted EPS was $0.49, and total backlog increased by 17% to $4.6 billion.

Itron reported a 4% decrease in revenue to $467 million, but achieved GAAP net income of $22 million, or $0.49 per diluted share, compared to a net loss in the prior year. The total backlog reached a record $4.6 billion, indicating strong market demand.

Itron reported a revenue decrease of 14% to $421 million, impacted by strategic sales and component shortages. Despite these challenges, the company's backlog reached a new record, driven by strong market demand and robust bookings. GAAP net income was $4 million, or $0.09 per diluted share, compared to a loss in the prior year.

Itron's Q2 2022 results were affected by supply chain issues, with revenue decreasing by 12% to $432 million. The company reported a GAAP net loss of $37 million, or $(0.82) per share, while non-GAAP diluted EPS was $0.07. Despite these challenges, total backlog reached a record $4.1 billion, and bookings for the quarter totaled $612 million.

Itron's first quarter 2022 results showed a decrease in revenue to $475 million from $520 million, with GAAP net income falling to $1 million from $13 million. The company faced challenges due to component constraints and higher costs, impacting gross margin and profitability.

Itron's Q4 2021 results were impacted by semiconductor component shortages, leading to an 8% decrease in revenue to $486 million. The company reported a GAAP net loss of $(59) million, or $(1.30) per share, but non-GAAP diluted EPS was $0.75. Despite these challenges, Itron achieved record bookings of $1.1 billion and a total backlog of $4.0 billion.

Itron reported a decrease in revenue to $487 million, primarily due to component constraints, but gross margin increased to 27.7%. The company experienced a GAAP net loss of $(2) million, an improvement from the previous year, and a non-GAAP diluted EPS of $0.21. Itron also announced the acquisition of SELC and a definitive agreement to sell its European Commercial and Industrial mechanical gas meter business.

Itron's Q2 2021 results were impacted by component constraints, leading to a revenue decrease. However, the company saw demand recovery and improved gross margin and free cash flow. Itron updated its full-year 2021 guidance to reflect the impact of component constraints.

Itron's first quarter results showed a decrease in revenue to $520 million compared to $598 million in the previous year, impacted by COVID-19 related project delays. However, the company's gross margin improved to 32.2% from 28.7%, and GAAP net income increased to $13 million from $9 million.

Itron announced its Q4 and full year 2020 financial results. The company's Q4 revenue was $525 million, a 16% decrease compared to the previous year. GAAP net income for the quarter was $22 million, or $0.53 per diluted share, while non-GAAP diluted earnings per share were $0.65. The company's backlog was $3.3 billion.

Itron reported a decrease in revenue to $540 million compared to $624 million in the third quarter of 2019. The company experienced a GAAP net loss of $25 million, or $(0.63) per share, compared to a net income of $17 million, or $0.42 per diluted share, in the prior year. Non-GAAP diluted EPS was $0.61, compared to $1.04 in 2019. Free cash flow increased to $38 million from $32 million, while total backlog decreased to $2.8 billion from $3.1 billion.

Itron's Q2 2020 results were impacted by COVID-19. Revenue decreased by 20% to $510 million. The company reported a GAAP net loss of $(63) million, or $(1.56) per share, and a non-GAAP diluted EPS of $0.03. The total backlog was $2.9 billion.

Itron reported a decrease in revenue to $598 million, a gross margin of 28.7%, and GAAP net income of $9 million, or $0.21 per diluted share. The company's operations were impacted by the COVID-19 pandemic, leading to delays and supply chain constraints. Due to the uncertainty of the COVID-19 pandemic, Itron is suspending its prior guidance for the full year 2020.

Itron reported a 7% increase in revenue for Q4 2019, reaching $628 million, driven by growth in the Networked Solutions segment. However, the gross margin decreased by 190 basis points to 28.2% due to product mix. GAAP net income was $15 million, or $0.36 per diluted share, while non-GAAP net income was $29 million, or $0.72 per diluted share. The company's total backlog reached a record $3.2 billion.