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Sep 30, 2024
Itron Q3 2024 Earnings Report
Itron's operational momentum and solid execution led to results ahead of expectations.
Key Takeaways
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.
Total revenue increased by 10% to $615 million due to strong operational execution.
Net income attributable to Itron was $78 million, or $1.70 per diluted share.
Free cash flow increased to $59 million due to higher earnings.
Total backlog at quarter end was $4.0 billion, with bookings totaling $487 million.
Revenue by Segment
Forward Guidance
Itron's guidance for the full year 2024 has been updated as follows:
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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