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Dec 31, 2019
Itron Q4 2019 Earnings Report
Itron's Q4 2019 results were announced, showing revenue growth driven by the Networked Solutions segment, but a decrease in gross margin due to product mix.
Key Takeaways
Itron reported a 7% increase in revenue for Q4 2019, reaching $628 million, driven by growth in the Networked Solutions segment. However, the gross margin decreased by 190 basis points to 28.2% due to product mix. GAAP net income was $15 million, or $0.36 per diluted share, while non-GAAP net income was $29 million, or $0.72 per diluted share. The company's total backlog reached a record $3.2 billion.
Total revenue increased by 7% to $628 million, driven by Networked Solutions.
Gross margin decreased by 190 basis points to 28.2% due to product mix.
GAAP net income was $15 million, or $0.36 per diluted share.
Total backlog reached a record $3.2 billion.
Revenue by Segment
Forward Guidance
Itron's guidance for the full year 2020 includes revenue between $2.475 and $2.575 billion and non-GAAP diluted EPS between $3.35 and $3.85.
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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