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Jun 30, 2024
Itron Q2 2024 Earnings Report
Itron's Q2 2024 financial performance was marked by revenue exceeding expectations, driven by strong performance in Networked Solutions and Outcomes segments.
Key Takeaways
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.
Total revenue increased by 13% to $609 million.
Networked Solutions and Outcomes segments achieved record revenue.
GAAP operating income increased by $30 million to $65 million.
Net income attributable to Itron was $51 million, or $1.10 per diluted share.
Itron
Itron
Itron Revenue by Segment
Revenue by Segment
Device Solutions Revenue
CapyFin.comNetworked Solutions Revenue
CapyFin.comOutcomes Revenue
CapyFin.com Forward Guidance
Itron provided outlook for Q3 2024 and updated the full year 2024 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income