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Jun 30, 2022
Itron Q2 2022 Earnings Report
Itron's financial performance was impacted by supply constraints and manufacturing inefficiencies, but demand remained strong with a healthy book-to-bill ratio and record backlog.
Key Takeaways
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.
Revenue decreased by 12% to $432 million due to component constraints.
GAAP net loss was $(37) million, or $(0.82) per share.
Non-GAAP diluted EPS was $0.07, compared to $0.28 in the prior year.
Total backlog reached a record $4.1 billion.
Forward Guidance
Itron updated its full year 2022 guidance to revenue between $1.85 to $1.9 billion and non-GAAP diluted EPS between $0.70 to $0.90.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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