Itron Inc ( (ITRI) ) has released its Q3 earnings. Here is a breakdown of the information Itron Inc presented to its investors.
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Itron Inc. is a company that specializes in providing innovative solutions for utilities and cities to manage energy and water efficiently, operating primarily in the intelligent infrastructure sector. In its third quarter of 2025, Itron reported a revenue of $582 million, marking a 5% decrease from the previous year. Despite the decline in revenue, the company achieved a record margin, profitability, and cash flow, with an adjusted EBITDA increase of 10% and free cash flow rising by $55 million. The company’s gross margin improved to 37.7%, attributed to a favorable customer and product mix.
Key financial highlights include a decrease in GAAP net income to $66 million, down from $78 million the previous year, and a drop in GAAP diluted earnings per share to $1.41. However, non-GAAP diluted EPS also saw a decrease to $1.54. The revenue decline was primarily due to portfolio optimization and project deployment timing, with Device Solutions and Networked Solutions experiencing reductions, while Outcomes revenue saw an increase.
Itron’s operating income increased, driven by higher gross profit, and the company reported significant improvements in cash flow, with net cash from operating activities reaching $118 million. The company also announced a strategic acquisition of Urbint, Inc., a software company, for $325 million, expected to close in the fourth quarter of 2025.
Looking ahead, Itron’s management has provided an outlook for the fourth quarter of 2025, projecting revenue between $555 and $565 million and non-GAAP diluted EPS between $2.15 and $2.25. For the full year 2025, the company anticipates revenue between $2.35 and $2.36 billion, with non-GAAP diluted EPS ranging from $6.84 to $6.94. These projections reflect the company’s focus on leveraging its advanced technology solutions to address the increasing complexity and uncertainty faced by its customers.
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