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):
- Revenue of $603 million, increased 22%;
- Gross profit of $205 million, increased 31%;
- GAAP net income attributable to Itron, Inc. of $52 million, increased $64 million;
- GAAP diluted earnings per share of $1.12, increased $1.38 per share;
- Non-GAAP diluted EPS of $1.24, increased $0.75 per share;
- Adjusted EBITDA of $76 million, increased 94%; and
- Free cash flow of $34 million, increased $40 million.