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Itron Inc (ITRI)
NASDAQ:ITRI
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.32Last Year’s EPS
1.24Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 12.12%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Itron's earnings call highlights significant financial achievements with record revenues, strong bookings, and improved margins. However, challenges such as the decline in device solutions and back-end loaded bookings present some concerns. Overall, the positive aspects outweigh the negatives, indicating a solid financial and strategic position.Company Guidance
During Itron's Fourth Quarter 2024 Earnings Release Conference Call, the company reported robust financial performance, with fourth quarter revenue reaching $613 million, adjusted EBITDA at $81 million, non-GAAP earnings per share of $1.35, and free cash flow of $70 million. The company achieved record quarterly bookings of $1.4 billion, leading to a total backlog of $4.7 billion. Full-year 2024 bookings totaled $2.7 billion, with a book-to-bill ratio of 1.11. Itron anticipates 2025 revenue between $2.4 billion and $2.5 billion and non-GAAP EPS ranging from $5.20 to $5.60 per share. The company remains focused on efficiency to drive cash flow and profitability growth, confident in meeting 2027 targets for revenue growth and margin expansion.Record Full-Year Revenue
Itron achieved record full-year revenue in its growth segments of network solutions and outcomes, with total revenue for 2024 at $2.44 billion, a 12% increase compared to 2023.
Strong Q4 Financial Performance
Q4 revenue reached $613 million, a 6% increase year-over-year, with adjusted EBITDA of $81 million, reflecting a 19% increase. The free cash flow for Q4 was $70 million, compared to $39 million in the previous year.
Record Quarterly Bookings
Q4 2024 bookings were at $1.4 billion, contributing to a record total backlog of $4.7 billion. The full-year 2024 bookings were $2.7 billion, leading to a 2024 book-to-bill ratio of 1.11.
Improved Margins and Free Cash Flow
Itron achieved a new record in gross margin at 34.4% for the year, up 160 basis points from the previous year, and a record free cash flow of $208 million, up from $98 million in 2023.
Partnerships and Expansion
Significant partnerships such as with Potomac Electric Power Company and successful expansion in outcomes segment, with 13.4 million distributed intelligence endpoints shipped and over 15 million applications licensed.
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ITRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $92.60 | $101.81 | +9.95% |
| Oct 31, 2024 | $103.86 | $111.76 | +7.61% |
| Aug 01, 2024 | $103.44 | $108.09 | +4.50% |
| May 02, 2024 | $91.54 | $99.82 | +9.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Itron Inc (ITRI) report earnings?
Itron Inc (ITRI) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Itron Inc (ITRI) earnings time?
Itron Inc (ITRI) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITRI EPS forecast?
ITRI EPS forecast for the fiscal quarter 2025 (Q1) is 1.32.
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