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Mar 31, 2025
Itron Q1 2025 Earnings Report
announced financial results for its first quarter ended March 31, 2025
Key Takeaways
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.
Total revenue increased by 1% to $607 million compared to the first quarter of 2024.
Gross profit rose by 6% to $217 million, with the gross margin expanding to 35.8%.
GAAP net income attributable to Itron, Inc. increased by $14 million to $65 million, resulting in a GAAP diluted EPS of $1.42.
Non-GAAP diluted EPS increased by $0.28 per share to $1.52.
Free cash flow saw a substantial increase of $33 million, reaching $67 million.
Total backlog at quarter end was $4.7 billion, up from $4.3 billion in the prior year.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, Itron expects revenue to be between $605 million and $615 million and non-GAAP diluted EPS to be between $1.30 and $1.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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