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Stock impact report

Itron Announces Third Quarter 2019 Financial Results

Itron, Inc. (ITRI) 
Last itron, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.itron.com/investor-relations
Company Research Source: Business Wire
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ:ITRI) announced today financial results for its third quarter ended Sept. 30, 2019. Key results for the quarter include (compared with the third quarter of 2018):Revenue of $624 million, compared with $596 million;Gross margin of 31.5%; compared with 33.1%;GAAP net income of $17 million, compared with $20 million;GAAP diluted earnings per share (EPS) of $0.42, compared with $0.50;Non-GAAP diluted EPS of $1.04, compared with $1.13;Adjusted EBITDA of $74 million, compared with $81 million; andTotal backlog was flat at $3.1 billion."We had solid performance in the third quarter," said Tom Deitrich, Itron's president and chief executive officer. "These results were primarily driven by strong demand in our Networked Solutions segment. We continue to see a healthy pipeline of customer activity."Summary of Third Quarter Consolidated Financial Results(All comparisons made are against the prior year period unless otherwise noted)Rev Show less Read more
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