Paul Vincent Vice President, Investor Relations 512-560-1172 About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: www.itron.com. LIBERTY LAKE, W ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Itron (ITRI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this energy and water meter company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tre ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Itron (ITRI) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Itron is one of 619 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zack ...

Have you been paying attention to shares of Itron (ITRI) ? Shares have been on the move with the stock up 17% over the past month. The stock hit a new 52-week high of $107.11 in the previous session. Itron has gained 41.7% since the start of the year compared to the 11.3% move for the Zacks Computer and Technology sector and the 3.8% return for the Zacks Electronics - Testing Equipment industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't ...

David Means Director, Investor Relations 737-242-8448 david.means@itron.com Chart includes rounding. ©2024 ITRON CONFIDENTIAL PROPRIETARY 17 Q1 2024 Earnings Conference Call | Non-GAAP Financial Measures To supplement our consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States (GAAP), we use certain adjusted or non-GAAP financial measures, including non-GAAP operating expense, non-GAAP operating income, non-GAAP net income, non-G ...

Financial Data and Key Metrics Changes - Revenue for Q1 2024 grew 22% year-over-year to $603 million, marking the highest level since Q4 2019 [6][23] - Adjusted EBITDA increased 94% year-over-year to $76 million, while non-GAAP earnings per share rose 153% to $1.24 [6][46] - Free cash flow improved by approximately $40 million year-over-year to $34 million [6][46] - Gross margin increased by 240 basis points to 34%, and GAAP net income was $52 million compared to a loss of $12 million in the prior year [9][46] Business Line Data and Key Metrics Changes - Device Solutions revenue was $127 million, up 6% year-over-year, driven by growth in water meter and communication module sales in the EMEA region [24][25] - Network Solutions revenue reached a record $408 million, increasing 30% year-over-year, attributed to improved component availability [24][25] - Outcomes revenue was $69 million, with a gross margin of 35.1% and an operating margin of 13.1%, although margins decreased year-over-year due to a lower margin revenue mix [10][11][25] Market Data and Key Metrics Changes - The backlog at the end of Q1 was $4.3 billion, with bookings of $361 million reflecting normal seasonality [21] - Engagement with Itron's Grid Edge Intelligence platform is growing, driven by factors such as data center demand, reindustrialization, and electrification [21][22] Company Strategy and Development Direction - The company emphasizes organic growth through innovation and M&A, having acquired Elpis Squared to enhance real-time power flow analysis and grid planning capabilities [20] - The Grid Edge Intelligence platform is central to the company's strategy, addressing complexities in energy and water management [27] - The company aims to maintain a book-to-bill ratio of 1:1 or greater for the full year [21] Management's Comments on Operating Environment and Future Outlook - Management noted improved operational execution and market conditions for six consecutive quarters, with a healthy supply chain and steady component reliability [5][31] - The company anticipates Q2 revenue to be between $595 million and $605 million, reflecting an 11% year-over-year increase at the midpoint [26] - Management remains optimistic about the long-term growth potential in both electricity and water sectors, with electricity expected to grow faster [120] Other Important Information - The company hosted an Investor Day, discussing the Grid Edge Intelligence platform and setting new long-term financial targets [28] - Total debt at the end of Q1 was $460 million, with net leverage at 0.6 times [48] Q&A Session Summary Question: Health of the supply chain and manufacturing efficiencies - Management indicated that the supply chain remains healthy, with strong reliability of inbound components and slightly reduced lead times [31] Question: Data center demand and its impact - Management discussed the growing demand from data centers and how it influences utility planning and distribution network efficiencies [55] Question: Outcomes segment growth and margins - Management acknowledged that while the Outcomes segment is generally ratable recurring revenue, it experienced variability in growth compared to the Networks segment [36][44] Question: New market opportunities in Europe - Management highlighted growth opportunities in smart cities and automation of infrastructure, particularly in water management [72] Question: Long-term guidance and lead times - Management stated that current lead times are factored into long-term guidance, with no significant changes expected for the year [124]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-22418 Itron, Inc. (Exact name of registrant as specified in its charter) Washington 91-1011792 (State of Incorporation) (I.R.S. Employer Id ...

Itron (ITRI) reported $603.44 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 22%. EPS of $1.24 for the same period compares to $0.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $579.61 million, representing a surprise of +4.11%. The company delivered an EPS surprise of +45.88%, with the consensus EPS estimate being $0.85.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

EXHIBIT 99.1 Itron Announces First Quarter 2024 Financial Results LIBERTY LAKE, Wash., May 02, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its first quarter ended March 31, 2024. Key results for the quarter include (compared with the first quarter of 2023): "Itron's first quarter results reflect strong operational execution within constructive market conditions," said Tom Deitrich, Itron' ...