Itron (ITRI) Tops Q1 EPS by 9c, Offers FY Guidance

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Itron Announces First Quarter 2021 Financial Results

May 3, 2021 8:30 AM EDT

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its first quarter ended March 31, 2021. Key results for the quarter include (compared with the first quarter of 2020):

Revenue of $520 million, compared with $598 million; Gross margin of 32.2%; compared with 28.7%; GAAP net income of $13 million, compared with $9 million; GAAP diluted earnings per share (EPS) of $0.30, compared with $0.21; Non-GAAP diluted EPS of $0.52, compared with $0.57; Adjusted EBITDA of $50 million, compared with $52 million; Free cash flow of $39 million, compared with $6... More