Itron Q4 2021 Earnings Report
Key Takeaways
Itron's Q4 2021 results were impacted by semiconductor component shortages, leading to an 8% decrease in revenue to $486 million. The company reported a GAAP net loss of $(59) million, or $(1.30) per share, but non-GAAP diluted EPS was $0.75. Despite these challenges, Itron achieved record bookings of $1.1 billion and a total backlog of $4.0 billion.
Total revenue decreased by 8% to $486 million due to semiconductor component shortages.
GAAP net loss was $(59) million, or $(1.30) per share, while non-GAAP diluted EPS was $0.75.
Record bookings of $1.1 billion were achieved, resulting in a book to bill ratio of 2.2 to 1.
Total backlog reached a record level of $4.0 billion.
Itron
Itron
Itron Revenue by Segment
Forward Guidance
Itron provided financial guidance for the full year 2022, including revenue between $2.0 and $2.1 billion and non-GAAP diluted EPS between $1.25 and $1.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income