Itron (ITRI) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Itron reported revenue of $607.15 million for the quarter ended March 2025, reflecting a year-over-year increase of 0.6% and an EPS of $1.52, up from $1.24 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $614.27 million by 1.16%, while the EPS exceeded the consensus estimate of $1.30 by 16.92% [1] Revenue Breakdown - Revenue from Networked Solutions was $402.73 million, below the average estimate of $416.08 million, representing a year-over-year decline of 1.2% [4] - Revenue from Outcomes reached $78.55 million, slightly below the average estimate of $79.19 million, but showed a year-over-year increase of 13.6% [4] - Revenue from Device Solutions was $125.87 million, exceeding the average estimate of $119.66 million, with a year-over-year decrease of 0.7% [4] - Total Product Revenue was reported at $523.14 million, compared to the average estimate of $536.93 million [4] Service Revenue Insights - Service Revenue from Device Solutions was $0.48 million, significantly below the average estimate of $1.25 million [4] - Service Revenue from Networked Solutions was $28.21 million, surpassing the average estimate of $25.48 million [4] - Service Revenue from Outcomes was $55.32 million, exceeding the average estimate of $50.30 million [4] - Total Service Revenue was $84.01 million, above the average estimate of $77.03 million [4] Product Revenue Details - Product Revenue from Networked Solutions was $374.52 million, below the average estimate of $391.22 million [4] - Product Revenue from Device Solutions was $125.39 million, exceeding the average estimate of $117.60 million [4] - Product Revenue from Outcomes was $23.23 million, below the average estimate of $28.11 million [4] Profitability Metrics - Gross Profit from Device Solutions was $37.75 million, significantly higher than the average estimate of $31.19 million [4] Stock Performance - Itron's shares have returned +3.7% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]