Reports Q4 revenue $613M, consensus $604.17M. “Itron’s (ITRI) fourth quarter results capped a successful year,” said Tom Deitrich, Itron’s president and CEO. “Our team executed well, and our customers continue to accelerate the adoption of our grid edge intelligence platform. During the quarter, we set new company records, including Outcomes segment revenue, quarterly bookings, and total backlog of $4.7 billion. Looking ahead, Itron’s customers face a diverse set of challenges related to the management of energy and water resources which has created a substantial pipeline of opportunities for the company. We are eager to drive customer success in the navigation of the rapidly changing infrastructure landscape.”
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