Itron (ITRI) Tops Q3 EPS by 36c

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Go back to Itron (ITRI) Tops Q3 EPS by 36c

Itron Announces Third Quarter 2020 Financial Results and Operational Update

November 2, 2020 8:30 AM EST

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its third quarter ended Sept. 30, 2020. Key results for the quarter include (compared with the third quarter of 2019):

Revenue of $540 million, compared with $624 million; Gross margin of 26.5%; compared with 31.5%; GAAP net loss of $(25) million, compared with net income of $17 million; GAAP loss per share of $(0.63), compared with GAAP diluted earnings per share (EPS) of $0.42; Non-GAAP diluted EPS of $0.61, compared with $1.04; Adjusted EBITDA of $40 million, compared with $74 million; Free cash... More