Itron(ITRI)

Search documents
Itron(ITRI) - 2025 Q2 - Quarterly Report
2025-07-31 16:05
[PART I: FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%3A%20FINANCIAL%20INFORMATION) This section details Itron's unaudited financial statements, management's analysis, market risk disclosures, and internal controls [Item 1: Financial Statements (Unaudited)](index=4&type=section&id=Item%201%3A%20Financial%20Statements%20%28Unaudited%29) This section presents Itron's unaudited consolidated financial statements, including operations, balance sheets, cash flows, and notes [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2025 revenues were **$606.8 million**, with gross profit at **$223.6 million** and net income attributable to Itron at **$68.3 million** Q2 & YTD 2025 vs 2024 Performance (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | YoY Change | YTD 2025 | YTD 2024 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $606,761 | $609,069 | -0.4% | $1,213,912 | $1,212,511 | +0.1% | | **Gross Profit** | $223,618 | $210,460 | +6.2% | $440,837 | $415,839 | +6.0% | | **Operating Income** | $76,413 | $64,647 | +18.2% | $152,626 | $127,447 | +19.8% | | **Net Income (to Itron)** | $68,340 | $51,318 | +33.2% | $133,814 | $103,039 | +29.9% | | **Diluted EPS** | $1.47 | $1.10 | +33.6% | $2.89 | $2.22 | +30.2% | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets reached **$3.62 billion**, with cash and equivalents at **$1.22 billion** and total equity at **$1.63 billion** Balance Sheet Summary (in thousands) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $1,988,873 | $1,815,892 | | Cash and cash equivalents | $1,224,257 | $1,051,237 | | **Total Assets** | **$3,623,768** | **$3,407,623** | | **Total Current Liabilities** | $973,059 | $528,265 | | **Total Liabilities** | **$1,989,344** | **$1,996,195** | | **Total Equity** | **$1,634,424** | **$1,411,428** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities for the six months ended June 30, 2025, was **$168.8 million**, a significant improvement from **$93.0 million** in the prior year Six Months Ended June 30, Cash Flow Summary (in thousands) | Cash Flow Category | 2025 | 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $168,802 | $93,025 | | **Net cash used in investing activities** | ($10,651) | ($47,820) | | **Net cash provided by financing activities** | $4,751 | $576,839 | | Effect of foreign exchange rate changes | $10,118 | ($3,454) | | **Increase in cash and cash equivalents** | **$173,020** | **$618,590** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Detailed notes cover accounting policies, debt structure, segment information, and revenue recognition, including **$2.2 billion** in remaining performance obligations - The company's debt is primarily composed of two convertible note issuances: **$460 million** due in 2026 and **$805 million** due in 2030[43](index=43&type=chunk)[49](index=49&type=chunk)[54](index=54&type=chunk) - The company operates and reports under three segments: Device Solutions (hardware), Networked Solutions (communicating devices and network infrastructure), and Outcomes (software and services)[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) - Total transaction price allocated to remaining performance obligations is approximately **$2.2 billion**, with **$1.1 billion** expected to be recognized as revenue in the next 12 months[123](index=123&type=chunk) [Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202%3A%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2025 financial results, highlighting improved gross margin, segment performance, and strong liquidity with **$1.22 billion** in cash and **$4.5 billion** in backlog [Total Company Highlights](index=32&type=section&id=Total%20Company%20Highlights) Q2 2025 highlights include revenues of **$606.8 million**, gross margin of **36.9%**, GAAP diluted EPS of **$1.47**, and total backlog of **$4.5 billion** Q2 2025 Financial Highlights vs. Q2 2024 | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Revenues** | $606.8M | $609.1M | | **Gross Margin** | 36.9% | 34.6% | | **GAAP Diluted EPS** | $1.47 | $1.10 | | **Non-GAAP Diluted EPS** | $1.62 | $1.21 | | **Adjusted EBITDA** | $89.8M | $77.1M | | **Total Backlog** | $4.5B | $4.1B | [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Q2 2025 revenues slightly decreased by **$2.3 million**, while gross margin improved to **36.9%** and other income significantly increased to **$7.1 million** - Q2 2025 total revenues decreased by **$2.3 million** YoY, with a decline in product revenues offset by growth in service revenues[148](index=148&type=chunk) - Gross margin for Q2 2025 improved to **36.9%** from **34.6%** in Q2 2024, driven by favorable product mix and increased service revenue margins[151](index=151&type=chunk) - Other income rose to **$7.1 million** in Q2 2025, up from **$2.4 million** in Q2 2024, largely due to a **$7.2 million** increase in interest income from invested proceeds of the 2024 Notes[156](index=156&type=chunk) [Operating Segment Results](index=37&type=section&id=Operating%20Segment%20Results) Device Solutions revenue declined **5%** to **$112.8 million**, Networked Solutions decreased **1%** to **$408.9 million**, and Outcomes revenue grew **9%** to **$85.1 million** Q2 2025 Segment Performance (in thousands) | Segment | Revenues | YoY Change | Gross Profit | Gross Margin | | :--- | :--- | :--- | :--- | :--- | | **Device Solutions** | $112,760 | -5% | $33,591 | 29.8% | | **Networked Solutions** | $408,934 | -1% | $157,243 | 38.5% | | **Outcomes** | $85,067 | +9% | $32,784 | 38.5% | - Device Solutions revenue decreased due to a planned decline in electric meter sales, but gross margin improved due to a better product mix[163](index=163&type=chunk)[165](index=165&type=chunk) - Outcomes segment revenue growth was driven by recurring revenue and software licenses, leading to a **370 basis point** increase in gross margin[174](index=174&type=chunk)[176](index=176&type=chunk) [Bookings and Backlog of Orders](index=41&type=section&id=Bookings%20and%20Backlog%20of%20Orders) Quarterly bookings for Q2 2025 were **$454 million**, resulting in an ending total backlog of **$4.51 billion** and a 12-month backlog of **$1.54 billion** Bookings and Backlog Trend (in millions) | Quarter Ended | Quarterly Bookings | Ending Total Backlog | Ending 12-Month Backlog | | :--- | :--- | :--- | :--- | | **June 30, 2025** | $454 | $4,514 | $1,544 | | **March 31, 2025** | $530 | $4,659 | $1,593 | | **December 31, 2024** | $1,403 | $4,734 | $1,767 | | **June 30, 2024** | $447 | $4,093 | $1,809 | [Financial Condition, Liquidity and Capital Resources](index=41&type=section&id=Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) Cash and cash equivalents increased by **$173.0 million** to **$1.22 billion**, driven by strong operating cash flow of **$168.8 million**, with free cash flow at **$158.1 million** - Cash and cash equivalents increased by **$173.0 million** during the first half of 2025, reaching **$1.22 billion**[184](index=184&type=chunk) - Net cash from operating activities for the first six months of 2025 was **$168.8 million**, up from **$93.0 million** in the same period of 2024, due to higher earnings and improved working capital conversion[185](index=185&type=chunk) Free Cash Flow (Non-GAAP, in thousands) | Component | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $168,802 | $93,025 | | Acquisitions of property, plant, and equipment | ($10,656) | ($14,255) | | **Free cash flow** | **$158,146** | **$78,770** | [Item 3: Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203%3A%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to foreign currency exchange rate risks, with **25%** of Q2 2025 revenues in non-U.S. dollar currencies, primarily the euro, mitigated by forward contracts - The company had no outstanding variable rate debt as of June 30, 2025, limiting its exposure to interest rate risk[222](index=222&type=chunk) - Foreign currency risk is significant, with **25%** of Q2 2025 revenues denominated in non-U.S. dollar currencies, primarily the euro[223](index=223&type=chunk) - Itron utilizes foreign exchange forward contracts, not designated for hedge accounting, to reduce earnings volatility from currency fluctuations[224](index=224&type=chunk) [Item 4: Controls and Procedures](index=49&type=section&id=Item%204%3A%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes in internal control over financial reporting during Q2 2025 - Management concluded that the company's disclosure controls and procedures were effective as of the end of the quarter[226](index=226&type=chunk) - No material changes were made to the company's internal control over financial reporting during the three months ended June 30, 2025[227](index=227&type=chunk) [PART II: OTHER INFORMATION](index=50&type=section&id=PART%20II%3A%20OTHER%20INFORMATION) This section covers other important information, including legal proceedings, risk factors, equity security sales, and a list of exhibits filed with the report [Item 1: Legal Proceedings](index=50&type=section&id=Item%201%3A%20Legal%20Proceedings) This section refers to Note 11 of the financial statements for detailed information regarding legal proceedings - Information on legal proceedings is provided in Note 11: Commitments and Contingencies in Part I of this report[230](index=230&type=chunk) [Item 1A: Risk Factors](index=50&type=section&id=Item%201A%3A%20Risk%20Factors) There are no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - The company directs investors to its 2024 Annual Report on Form 10-K for a complete list of risk factors[231](index=231&type=chunk) [Item 2: Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202%3A%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Details on the stock repurchase program are provided, noting **58 shares** repurchased during the quarter and **$100 million** remaining under the authorized plan - A new stock repurchase program for up to **$100 million** was authorized effective September 19, 2024[235](index=235&type=chunk) Issuer Repurchases of Equity Securities (Q2 2025) | Period | Total Shares Purchased | Average Price Paid per Share | Maximum Dollar Value Remaining (in thousands) | | :--- | :--- | :--- | :--- | | April 2025 | 0 | $— | $100,000 | | May 2025 | 58 | $112.63 | $100,000 | | June 2025 | 0 | $— | $100,000 | | **Total** | **58** | | **$100,000** | [Item 6: Exhibits](index=51&type=section&id=Item%206%3A%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and financial statements in Inline XBRL format - Exhibits filed include Sarbanes-Oxley Act certifications (31.1, 31.2, 32.1) and financial data in Inline XBRL format (101)[236](index=236&type=chunk)
Itron (ITRI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-07-31 15:31
Core Insights - Itron reported revenue of $606.76 million for the quarter ended June 2025, a decrease of 0.4% year-over-year, with an EPS of $1.62, up from $1.21 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $609.26 million, resulting in a surprise of -0.41%, while the EPS exceeded the consensus estimate of $1.33 by 21.8% [1] Revenue Breakdown - Device Solutions revenue was $112.76 million, slightly below the average estimate of $113.1 million, reflecting a year-over-year decline of 4.9% [4] - Outcomes revenue reached $85.07 million, compared to the average estimate of $85.73 million, marking a year-over-year increase of 9.3% [4] - Networked Solutions revenue totaled $408.93 million, below the average estimate of $411.45 million, with a year-over-year change of -0.9% [4] Service and Product Revenue - Service Revenue from Networked Solutions was $29.45 million, exceeding the average estimate of $24.94 million, with a year-over-year increase of 16.2% [4] - Total Service Revenue amounted to $89.58 million, surpassing the average estimate of $77.61 million, reflecting a year-over-year growth of 17.6% [4] - Total Product Revenue was $517.18 million, below the average estimate of $531.86 million, indicating a year-over-year decline of 3% [4] Gross Profit and Performance Metrics - Gross Profit for Device Solutions was reported at $33.59 million, exceeding the average estimate of $30.33 million [4] - Itron's shares returned +3.2% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Itron(ITRI) - 2025 Q2 - Earnings Call Transcript
2025-07-31 15:02
Financial Data and Key Metrics Changes - The company reported revenue of $607 million for Q2 2025, slightly lower than the previous year due to constrained revenue catch-up [11] - Adjusted EBITDA reached $90 million, marking a 16% year-over-year increase [12] - Non-GAAP earnings per share (EPS) increased to $1.62, up from $1.21 a year ago, reflecting strong operational performance [12] - Free cash flow was a record $91 million, compared to $45 million in the prior year [12] Business Segment Data and Key Metrics Changes - Device Solutions revenue decreased by 8% year-over-year, primarily due to a decline in legacy electric product sales, partially offset by growth in water [13] - Network Solutions revenue decreased by 1% year-over-year, mainly due to the non-recurrence of revenue catch-up from the previous year [13] - Outcomes revenue increased by 9% year-over-year, driven by growth in recurring revenue and software licenses [13] Market Data and Key Metrics Changes - The company shipped over 15.3 million distributed intelligence endpoints by the end of Q2, up from 14.4 million at the end of Q1 [7] - The long-term market outlook remains positive, driven by rising electricity demand and a focus on efficiency and safety, despite short-term project delays [8] Company Strategy and Development Direction - The company is focused on expanding its differentiated Outcomes segment and maintaining market leadership in agile distribution infrastructure [7] - Itron is actively pursuing mergers and acquisitions, particularly in software services, to enhance its portfolio [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic and trade policy uncertainties affecting project deployments and decision-making [8] - The full-year revenue outlook midpoint was lowered by approximately 3%, while the EPS outlook midpoint was raised by 13% due to growing customer demand for high-value solutions [8][20] - Management remains confident in the long-term market growth despite short-term challenges [22] Other Important Information - Total debt stood at $1.265 billion, with net debt at $41 million as of June 30 [17] - The company anticipates Q3 revenue between $570 million to $585 million, reflecting a 6% decrease compared to the previous year [18] Q&A Session Summary Question: Margin outlook and factors affecting it - Management indicated that the EBITDA margin is higher than expected due to structural changes in the device business, which improved margins [26][28] Question: Near-term revenue outlook and backlog - Management clarified that the slowdown is more related to backlog deployment rather than book and ship business, with no project cancellations [31][32] Question: Regulatory approval pace and its impact - Management noted that the pace of regulatory approvals is normal, with some projects experiencing delays due to sequencing and labor constraints [38][43] Question: M&A strategy in light of regulatory changes - Management confirmed that the regulatory environment has not changed their M&A strategy, remaining active in seeking accretive acquisitions [48] Question: Earnings growth versus revenue growth - Management expects growth in earnings year-over-year, but the trajectory will depend on the timing of bookings in the second half of the year [51] Question: Complexity of projects and regulatory pushback - Management stated that the complexity of projects is not a significant factor in delays, as regulators focus on balancing consumer costs with utility needs [56][58] Question: European market opportunities - Management expressed optimism about the European market, noting increased interest in edge intelligence solutions [64][66] Question: Aspirational sales targets for 2027 - Management confirmed that there is no change to the 2027 sales targets despite near-term uncertainties [70]
Itron(ITRI) - 2025 Q2 - Earnings Call Transcript
2025-07-31 15:00
Financial Data and Key Metrics Changes - Itron reported second quarter revenue of $607 million, adjusted EBITDA of $90 million, non-GAAP earnings per share of $1.62, and free cash flow of $91 million, achieving earnings above expectations despite macroeconomic uncertainties [5][11][12] - Gross margin reached an all-time quarterly record of 36.9%, an increase of 230 basis points year-over-year, driven by a favorable product mix [11][12] - Non-GAAP operating income was $82 million, a 19% increase year-over-year, while adjusted EBITDA increased 16% year-over-year [12] Business Segment Data and Key Metrics Changes - Device Solutions revenue decreased by 8% on a constant currency basis, primarily due to a decline in legacy electric product sales, partially offset by growth in water [13] - Network Solutions revenue decreased by 1% year-over-year, attributed to the non-recurrence of revenue catch-up from the previous year [13] - Outcomes revenue increased by 9% year-over-year, driven by growth in recurring revenue and software licenses [13][15] Market Data and Key Metrics Changes - Second quarter bookings totaled $454 million, primarily driven by Network Solutions and Outcomes segments, with expectations for annual bookings to be weighted towards the second half of the year [9] - The company anticipates a full-year revenue range of $2.35 billion to $2.4 billion, reflecting a 3% decline from initial guidance [18] Company Strategy and Development Direction - Itron's strategy focuses on expanding customer infrastructure and enhancing margins, with a strong emphasis on high-value solutions [6][21] - The company is actively pursuing mergers and acquisitions, particularly in software services, to enhance its portfolio [48] Management's Comments on Operating Environment and Future Outlook - Management noted that while the long-term market outlook remains positive, short-term project deployments are slowing due to complex customer and regulatory environments [7][20] - The company is adjusting its full-year revenue outlook midpoint down by approximately 3%, while increasing its EPS outlook midpoint by 13% [7][19] Other Important Information - Total debt stood at $1.265 billion, with net leverage at 0.1 times and cash and equivalents at $1.2 billion as of June 30 [16] - The company is experiencing a push towards higher-margin solutions, particularly in grid efficiency and reliability [31] Q&A Session Summary Question: Insights on margin expectations - Management indicated that the EBITDA margin is higher than expected due to structural changes in the device business, which have improved margins [25][26] Question: Near-term revenue outlook - The slowdown is attributed more to backlog delays rather than book and ship issues, with customers facing constraints in project sequencing and capital budgets [30][31] Question: Regulatory approval timelines - The pace of regulatory approvals is normal, with some projects experiencing delays due to sequencing issues [39][44] Question: M&A strategy amidst regulatory changes - The regulatory environment has not altered the company's M&A strategy, which remains focused on acquiring software services that enhance the portfolio [48] Question: Future revenue growth expectations - Management expects growth year-over-year for 2026, contingent on the trajectory of bookings in the second half of the year [52] Question: Complexity of projects affecting regulatory approvals - The complexity of projects is not a significant factor; regulators are primarily focused on balancing consumer costs with utility needs [58][60]
Itron (ITRI) Beats Q2 Earnings Estimates
ZACKS· 2025-07-31 14:46
Itron (ITRI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +21.80%. A quarter ago, it was expected that this energy and water meter company would post earnings of $1.3 per share when it actually produced earnings of $1.52, delivering a surprise of +16.92%.Over the last four quarters ...
Itron(ITRI) - 2025 Q2 - Earnings Call Presentation
2025-07-31 14:00
Financial Performance - Q2 2025 - Revenue reached $607 million[4] - Adjusted EBITDA was $90 million[4], with a margin of 14.8%[11], a 210 bps increase year-over-year[11] - Non-GAAP diluted EPS stood at $1.62[4], a 34% increase year-over-year[11] - Free cash flow was $91 million[4], a 103% increase year-over-year[11] Bookings and Backlog - Q2 2025 bookings amounted to $454 million[7] - The book-to-bill ratio was 0.75[7] - The ending backlog reached $4.5 billion[7] Segment Performance - Q2 2025 - Device Solutions revenue decreased by 5%[20], or 8% in constant currency[20] - Networked Solutions revenue decreased by 1%[25] - Outcomes segment revenue increased by 9%[30] Outlook - Q3 2025 revenue is projected to be between $570 million and $585 million[36] - Full-year 2025 Non-GAAP EPS outlook revised to $600 to $620[37]
Itron(ITRI) - 2025 Q2 - Quarterly Results
2025-07-31 12:35
EXHIBIT 99.1 Itron Announces Second Quarter 2025 Financial Results LIBERTY LAKE, Wash., July 31, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2025. Key results for the quarter include (compared with the second quarter of 2024): "Itron delivered solid second quarter results driving quarterly record levels of margin, profitability, and cash flow," said Tom D ...
North America Smart Metering Industry Report 2025 | Leading Firms Itron and Landis+Gyr Drive North America's Smart Meter Evolution
GlobeNewswire News Room· 2025-07-23 13:55
Core Insights - The report "Smart Metering in North America - 7th Edition" highlights the growing deployment of smart metering as a foundation for future smart grids, with significant initiatives in both developed and developing countries [1] - North America is projected to see a compound annual growth rate of 2.9% in the installed base of smart electricity meters from 152.4 million in 2024 to 180.9 million by 2030 [3][5] Market Overview - Asia-Pacific is the largest market for smart metering, while North America ranks third after Europe, with both regions experiencing a surge in smart metering projects in the past decade [2] - The penetration rate of smart electricity meters in North America is expected to rise from 82% in 2024 to over 91% by 2030, primarily driven by large investor-owned utility projects [7] Regional Insights - The installed base of smart electricity meters in the US reached 136.9 million in 2024, while Canada had 15.5 million [3] - Canada currently has a higher penetration of smart electricity meters compared to the US, but this gap is expected to narrow by 2030, with projected rates of 97% for Canada and 91% for the US [4] Industry Dynamics - Major players in the North American smart metering market include Itron, Landis+Gyr, and Aclara, with Itron holding a 35% market share and Landis+Gyr at 32% [8] - The market is characterized by a shift towards wireless RF technologies, which dominate installations in both electricity and gas sectors [9] Technology Trends - The report discusses the evolution of communication technologies for smart metering, highlighting the preference for RF mesh networks, particularly Wi-SUN-based systems [10] - Cellular communications have seen limited adoption due to cost concerns, but interest in private cellular networks is growing, potentially enhancing their role in smart metering [12] Future Outlook - The second wave of smart metering deployments is anticipated, with early adopters expected to account for nearly 75% of annual shipment volumes by the end of the forecast period [7] - Increasing investments in distribution automation, electric vehicle charging infrastructure, and smart streetlighting are driving the need for further synergies in smart metering applications [14]
Itron to Announce Second Quarter Results on July 31, 2025
Globenewswire· 2025-07-10 20:05
Core Viewpoint - Itron, Inc. is set to release its financial results for the quarter ending June 30, 2025, on July 31, 2025, before market opens, followed by a management conference call to discuss the results [1]. Group 1 - The financial results will be available on the company's website at 8:30 a.m. EDT on July 31, 2025 [1]. - A management conference call will take place at 10 a.m. EDT on the same day to discuss the financial results [1]. - Interested parties can access the conference call via a live webcast and should pre-register and test audio software beforehand [2]. Group 2 - A replay of the conference call will be available until August 7, 2025, on the company's website [3]. - Itron is focused on transforming the management of energy, water, and city services through intelligent infrastructure solutions [4]. - The company aims to improve efficiency, build resilience, and provide safe, reliable, and affordable services to utilities and cities [4].
Itron (ITRI) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-06-26 23:16
Company Performance - Itron's stock closed at $132.78, reflecting a +1.17% change from the previous day, outperforming the S&P 500's daily gain of 0.8% [1] - Over the past month, Itron's shares have increased by 15.86%, while the Computer and Technology sector gained 8.5% and the S&P 500 gained 5.12% [1] Upcoming Financial Results - Analysts expect Itron to report earnings of $1.33 per share, indicating a year-over-year growth of 9.92% [2] - The consensus estimate for revenue is $609.26 million, showing a slight increase of 0.03% from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $5.45 per share, reflecting a decrease of -3.02% from the previous year, while revenue is expected to be $2.46 billion, showing an increase of +0.76% [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates indicate evolving short-term business trends, with upward revisions suggesting positive sentiment towards Itron's operations [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Itron at 3 (Hold) [6] Valuation Metrics - Itron's Forward P/E ratio is 24.08, which is a discount compared to the industry average Forward P/E of 24.57 [7] - The company has a PEG ratio of 0.83, significantly lower than the industry average PEG ratio of 2.67 [7] Industry Context - Itron operates within the Electronics - Testing Equipment industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 96, placing it in the top 40% of all industries [8]