Itron (ITRI) Tops Q2 EPS by 22c; Plans to Restructure Operations

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Go back to Itron (ITRI) Tops Q2 EPS by 22c; Plans to Restructure Operations

Itron Announces Second Quarter 2016 Financial Results

September 1, 2016 8:30 AM EDT

Updates Full-Year 2016 Guidance to Reflect Strong Business Momentum

Announces New Restructuring Projects; Targeting Additional Annualized Cost Savings of Approximately $40 Million

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its second quarter ended June 30, 2016. Highlights for the quarter include:

Revenues of $513 million, an increase of 9 percent from the second quarter 2015; Gross margin of 33.1 percent, an increase of 790 basis points; GAAP diluted... More