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Mar 31, 2023
Itron Q1 2023 Earnings Report
Itron's first quarter results were driven by strong operational execution and improved component supply.
Key Takeaways
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.
Revenue increased by 4% to $495 million.
Gross profit increased by 16% to $156 million.
GAAP net loss was $12 million, or $0.26 per share.
Total backlog increased by 17% to $4.6 billion.
Forward Guidance
Itron anticipates revenue between $510 million and $525 million and non-GAAP diluted EPS between $0.25 and $0.35 for Q2 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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