Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $607 million, a 1% increase year over year, with adjusted EBITDA of $88 million and non-GAAP earnings per share of $1.52, reflecting a 22% increase from the previous year [6][13][14] - Free cash flow improved to $67 million compared to $34 million in the prior year, driven by operational earnings growth and improved working capital [15] Business Line Data and Key Metrics Changes - Device Solutions revenue decreased by 1% year over year to $126 million, but increased by 2% on a constant currency basis, with gross margin at 30% and operating margin at 24.2% [15][17] - Network Solutions revenue was $403 million, with a gross margin of 36.9% and operating margin of 28.8%, showing a slight decrease in gross margin due to product mix [17] - Outcomes revenue grew by 14% year over year to $79 million, with gross margin at 39.2% and operating margin at 18.2%, benefiting from a higher margin revenue mix [18] Market Data and Key Metrics Changes - Bookings for the quarter were in line with expectations, resulting in a book-to-bill ratio of 0.9, with a backlog of $4.7 billion, primarily driven by Network Solutions and Outcomes segments [8][9] Company Strategy and Development Direction - The company is focused on optimizing its factory footprint, strengthening supply chain resilience, and growing recurring revenue to capitalize on future opportunities [20] - Itron aims to enhance its industry leadership through innovative solutions that address environmental, operational, and consumer challenges faced by utilities and cities [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased macroeconomic and trade policy uncertainty but expressed confidence in the company's strategic focus and operational execution [20] - The company expects Q2 revenue to be in the range of $605 million to $615 million, with non-GAAP earnings per share anticipated to grow approximately 12% year over year [19] Other Important Information - The estimated EBITDA impact from tariffs for the year is approximately $15 million, with the majority of the impact expected in the latter half of the year [11][62] - The company has a strong liquidity position, with total debt at $1.265 billion and cash and equivalents at $1.1 billion [14] Q&A Session Summary Question: Impact of tariffs on guidance - Management indicated it is premature to update full-year guidance but noted strong Q1 performance and a positive outlook for Q2 [25][26] Question: Device Solutions segment margins - Management expressed satisfaction with the current margins but noted variability due to seasonal factors and product mix [28][29] Question: Backlog and coverage for the year - Management stated that the demand environment remains strong and the outlook is positive, despite potential macroeconomic uncertainties [32][33] Question: Regulatory environment for software capitalization - Management highlighted that the regulatory environment is constructive, with various mechanisms allowing software purchases to be included in rate bases [39] Question: Tariff mitigation efforts - Management clarified that the $15 million estimate includes mitigation measures and is based on current tariff protocols [43][62] Question: M&A and capital deployment - The company is actively seeking acquisitions to enhance software content and drive growth, prioritizing this over share buybacks [71] Question: Recurring revenue mix in Outcomes - Management reported approximately 70% recurring revenue in Q1, with a goal of reaching 80% in the future [76]

Itron (ITRI) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.92%. A quarter ago, it was expected that this energy and water meter company would post earnings of $1.05 per share when it actually produced earnings of $1.35, delivering a surprise of 28.57%.Over the last four quarters, ...

First Quarter 2025 Earnings Conference Call Tom Deitrich – President and Chief Executive Officer Joan Hooper – Senior Vice President and Chief Financial Officer Paul Vincent – Vice President, Investor Relations ©2025 ITRON CONFIDENTIAL PROPRIETARY May 1, 2025 Conference Call Agenda • CEO – Business and Operations Update • CFO – Financial Results and Outlook • Q&A Forward Looking Statements This presentation contains, and our officers and representatives may from time to time make, "forward-looking statement ...

Itron (ITRI) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to Itron's First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please note that today's conference is being recorded. I will now hand the conference over to your speaker host, Paul Vincent, Vice President of Investor Relations. Please go ahead. Speak ...

Revenue Performance - Total first quarter revenue increased by 1% to $607 million, including a catch-up of previously constrained revenue from Q1 2024[3] - Device Solutions revenue decreased by 1%, while Networked Solutions revenue also decreased by 1% due to timing of shipments and project deployments[4] - Outcomes revenue increased by 14%, driven by higher recurring revenue and software licenses[4] Profitability Metrics - Gross margin improved to 35.8%, an increase of 180 basis points from the prior year, attributed to product mix and operational efficiencies[5] - GAAP operating income rose to $76 million, a $13 million increase from the prior year, due to higher gross profit and lower operating expenses[6] - Net income attributable to Itron, Inc. was $65 million, or $1.42 per diluted share, reflecting a $14 million increase compared to the previous year[7] - Non-GAAP operating income rose to $80,269 in Q1 2025, up from $67,325 in Q1 2024, reflecting a growth of 19.3%[42] - GAAP net income attributable to Itron, Inc. increased to $65,474 from $51,721, representing a growth of 26.5%[44] - Adjusted EBITDA rose to $87,931, up from $76,480, reflecting an increase of 15.5%[44] Cash Flow and Liquidity - Free cash flow increased to $67 million, up $33 million from the prior year, primarily due to higher earnings and interest income[10] - Net cash provided by operating activities was $72,117 in Q1 2025, up from $41,308 in Q1 2024, indicating a growth of 74.7%[29] - Free Cash Flow improved significantly to $67,478 compared to $34,163, marking an increase of 97.5%[44] - Cash and cash equivalents at the end of Q1 2025 were $1,123,267, significantly up from $300,606 at the end of Q1 2024[29] Balance Sheet Highlights - Total assets increased to $3,503,142 in Q1 2025, compared to $3,407,623 in Q1 2024, marking a growth of 2.8%[26] - Total liabilities decreased slightly to $1,994,063 in Q1 2025 from $1,996,195 in Q1 2024[26] - The total equity of Itron, Inc. increased to $1,509,079 in Q1 2025 from $1,411,428 in Q1 2024, showing a growth of 6.9%[26] Future Outlook - The outlook for Q2 2025 includes expected revenue between $605 million and $615 million, and non-GAAP diluted EPS between $1.30 and $1.40[15] Operational Changes - Interest income decreased to $(11,710) from $(3,846), showing a decline of 204.5%[44] - Interest expense increased to $5,593 from $1,893, which is an increase of 195.5%[44] - Income tax provision rose to $16,929 from $13,429, reflecting an increase of 25.5%[44] - Depreciation and amortization slightly decreased to $12,068 from $12,744, a decline of 5.3%[44] - Restructuring costs changed from $198 to $(553), indicating a shift in strategy[44] - Acquisition and integration costs decreased to $51 from $318, showing a reduction of 83.9%[44] Customer Demand and Market Position - Itron's leadership in grid edge intelligence solutions continues to drive customer demand for new technologies[2] Backlog and Bookings - Total backlog at the end of the quarter was $4.7 billion, compared to $4.3 billion in the prior year, with bookings totaling $530 million[11] Quarterly Comparison - Net income for Q1 2025 was $65,350, an increase of 26.2% compared to $51,787 in Q1 2024[28] - Non-GAAP diluted EPS increased to $1.52 in Q1 2025, compared to $1.24 in Q1 2024, representing a growth of 22.6%[42] - Non-GAAP operating expenses decreased to $136,950 in Q1 2025 from $138,054 in Q1 2024, a reduction of 0.8%[42] - The company reported an increase in unearned revenue to $187,812 in Q1 2025, compared to $150,720 in Q1 2024, reflecting a growth of 24.6%[26]

LIBERTY LAKE, Wash., May 01, 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 first quarter ended March 31, 2025. Key results for the quarter include (compared with the first quarter of 2024): Revenue of $607 million, increased 1%;Gross profit of $217 million, increased 6%;GAAP net income attributable to Itron, Inc. of $65 million, increased $14 million;GAAP diluted earnings per share of $ ...

Itron, Inc. (ITRI) is slated to report first-quarter 2025 earnings on May 1, before market open. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The company expects first-quarter revenues to be between $610 million and $620 million. The Zacks Consensus Estimate is pegged at $614.3 million, indicating an increase of 1.8% from a year ago. Non-GAAP earnings per share are anticipated to be $1.25-$1.35. The Zacks Consensus Estimate is pegged at $1.30 per share. The company reported earn ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Itron (ITRI) .Itron currently has an average brokerage recommendation (ABR) of 1.46, on a scale ...

Group 1 - The article discusses the integration of AI into products and services within the information technology sector, highlighting its impact on company performance [1] - Henriot Capital operates on a principle of simplicity and common sense, focusing on a quant-driven investment model that minimizes human bias in stock selection [1] - The investment strategy of Henriot Capital emphasizes a "invest first, investigate later" approach, where decisions are based on model recommendations followed by further research [1]

The most recent trading session ended with Itron (ITRI) standing at $102.08, reflecting a +0.69% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.39%, and the technology-dominated Nasdaq saw a decrease of 0.05%.Prior to today's trading, shares of the energy and water meter company had lost 4.85% over the past month. This has was narrower than the Computer and Technology sector's loss of 6.26 ...