Baird Downgrades Itron (ITRI) to Neutral

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Go back to Baird Downgrades Itron (ITRI) to Neutral

Itron Announces Second Quarter 2021 Financial Results and Updated Full-Year 2021 Guidance

August 5, 2021 8:30 AM EDT

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its second quarter ended June 30, 2021. Key results for the quarter include (compared with the second quarter of 2020):

Revenue of $489 million, compared with $510 million; Gross margin of 30.6%; compared with 27.2%; GAAP net loss of $(33) million, compared with $(63) million; GAAP loss per share (EPS) of $(0.73), compared with $(1.56); Non-GAAP diluted EPS of $0.28, compared with $0.03; Adjusted EBITDA of $36 million, compared with $31 million; Free cash flow of $64 million compared with $(10) million;... More