Itron (ITRI) Tops Q1 EPS by 38c; Offers Q2 Guidance

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Itron Announces First Quarter 2023 Financial Results

May 4, 2023 8:30 AM EDT

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 first quarter ended Mar. 31, 2023. Key results for the quarter include (compared with the first quarter of 2022):

Revenue of $495 million, increased 4%; Gross profit of $156 million, increased 16%; GAAP net loss of $12 million, a decrease of $13 million; GAAP loss per share of $0.26, a decrease of $0.28 per share; Non-GAAP diluted EPS of $0.49, increased $0.38 per share; Adjusted EBITDA of $39 million, increased 109%;... More