Itron Inc
ITRI
ISIN US4657411066 / Valor 941538
Itron Inc
UMushroom community rating:
About company
Itron Inc is a global leader in providing innovative solutions for utilities and cities to manage energy and water delivery systems. With customers in over 100 countries, Itron offers a portfolio of intelligent networks, software, services, meters, and sensors that enable greater visibility and control over energy and water resources. The company's focus on creating efficiencies, connecting communities, and promoting conservation helps customers increase resourcefulness in managing their energy and water infrastructure.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
Itron Inc. reported a revenue of $609 million for the second quarter of 2024, marking a 13% increase compared to the same period in 2023. This growth was driven by strong operational execution and the conversion of previously constrained revenue, with significant contributions from the Networked Solutions and Outcomes segments.
Gross Profit
For the second quarter of 2024, Itron Inc. achieved a gross profit of $210 million, which represents a 21% increase from the prior year. The gross margin improved by 250 basis points to 34.6%, attributed to a higher margin product mix and operational efficiencies.
Net Income
Itron Inc. reported a GAAP net income of $51 million for the second quarter of 2024, an increase of $27 million compared to the same quarter in 2023. This resulted in GAAP diluted earnings per share of $1.10, up by $0.57 per share from the previous year.
Cash Flow
In the second quarter of 2024, Itron Inc. generated a free cash flow of $45 million, which is an increase of $9 million from the prior year. The improvement in free cash flow was primarily due to higher earnings during the quarter.
Outlook
For the third quarter of 2024, Itron Inc. expects revenue to be between $590 and $600 million, with non-GAAP diluted EPS ranging from $1.10 to $1.20. The full-year 2024 guidance has been updated to reflect revenue between $2.385 to $2.415 billion and non-GAAP diluted EPS between $4.45 to $4.65.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5187 M
Market cap (USD)
106,748
Daily traded volume (Shares)
115.39 / 113.51
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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