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

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Go back to Itron Announces Second Quarter 2020 Financial Results and Provides Update on COVID-19

Itron (ITRI) Tops Q2 EPS by 24c, Revenues Beat

August 3, 2020 4:54 PM EDT

Itron (NASDAQ: ITRI) reported Q2 EPS of $0.03, $0.24 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $510 million versus the consensus estimate of $486.56 million.

Revenue of $510 million, compared with $635 million;Gross margin of 27.2%; compared with 30.1%;GAAP net loss of $(63) million, compared with net income of $19 million;GAAP loss per share of $(1.56), compared with GAAP diluted earnings per share (EPS) of $0.49;Non-GAAP diluted EPS of $0.03, compared with $0.87;Adjusted EBITDA of $31 million, compared with $73 million; andTotal backlog of $2.9 billion, compared with $3.1... More