Itron Inc ( (ITRI) ) has released its Q2 earnings. Here is a breakdown of the information Itron Inc presented to its investors.
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Itron Inc., a leader in intelligent infrastructure solutions, specializes in helping utilities and cities manage energy and water efficiently. The company operates primarily in the energy and water management sector, providing innovative solutions that enhance the efficiency and resilience of essential services.
In its second quarter of 2025, Itron Inc. reported solid financial results, showcasing improvements in profitability and cash flow. The company achieved a revenue of $607 million and a gross profit of $224 million, marking a 6% increase from the previous year. This performance highlights Itron’s ability to navigate a dynamic market environment characterized by macroeconomic uncertainties and trade policy volatility.
Key financial metrics for the quarter include a GAAP net income of $68 million, an increase of $17 million from the previous year, and a GAAP diluted earnings per share of $1.47, up by $0.37 per share. Non-GAAP diluted EPS also saw a rise to $1.62, reflecting a $0.41 increase. The company’s adjusted EBITDA reached $90 million, a 16% increase, while free cash flow surged to $91 million, up by $46 million. Despite a slight decrease in total revenue compared to the previous year, Itron’s outcomes revenue grew by 9%, driven by increased recurring revenue and software licenses.
Itron’s management remains optimistic about the company’s future, focusing on long-term growth while addressing near-term challenges. The company’s backlog at the end of the quarter stood at $4.5 billion, and it recorded bookings of $454 million. Looking ahead, Itron projects third-quarter revenue between $570 and $585 million and a full-year revenue forecast of $2.35 to $2.4 billion, with non-GAAP diluted EPS expected to range from $6.00 to $6.20.
Overall, Itron Inc. continues to demonstrate resilience and adaptability in a complex market, positioning itself for sustained growth by leveraging its innovative solutions to meet the evolving needs of its customers.