Itron (ITRI) Tops Q1 EPS by 1c; Suspends FY Guidance

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Go back to Itron (ITRI) Tops Q1 EPS by 1c; Suspends FY Guidance

Itron Announces First Quarter 2020 Financial Results and Provides Update on COVID-19

May 4, 2020 4:05 PM EDT

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its first quarter ended Mar. 31, 2020. Key results for the quarter include (compared with the first quarter of 2019):

Revenue of $598 million, compared with $615 million; Gross margin of 28.7%; compared with 30.5%; GAAP net income of $9 million, compared with a net loss of $2 million; GAAP diluted earnings per share (EPS) of $0.21, compared with GAAP loss per share of $(0.05); Non-GAAP diluted EPS of $0.57, compared with $0.70; Adjusted EBITDA of $52 million, compared with $66 million;... More