Itron (ITRI) Tops Q4 EPS by 63c, Offers Guidance

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Go back to Itron (ITRI) Tops Q4 EPS by 63c, Offers Guidance

Itron Announces Fourth Quarter and Full Year 2022 Financial Results and 2023 Guidance

February 27, 2023 8:30 AM EST

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2022. Highlights for the quarter and full year include:

Quarterly and full year revenue of $467 million and $1.8 billion; Quarterly and full year gross margin of 30.1% and 29.1%; Quarterly GAAP net income of $22 million and a full year loss of $(10) million; Quarterly GAAP diluted earnings per share of $0.49 and a full year loss per... More