UPDATE: Itron (ITRI) Tops Q4 EPS by 35c, Revenues Miss; Offers FY21 EPS Mid-Point Guidance Above Consensus, FY21 Revenue Mid-Point Below Consensus

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Go back to UPDATE: Itron (ITRI) Tops Q4 EPS by 35c, Revenues Miss; Offers FY21 EPS Mid-Point Guidance Above Consensus, FY21 Revenue Mid-Point Below Consensus

Itron Announces Fourth Quarter and Full Year 2020 Financial Results and 2021 Guidance

February 24, 2021 8:30 AM EST

LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2020. Highlights for the quarter and full year include:

Quarterly and full year revenue of $525 million and $2.2 billion; Quarterly and full year gross margin of 28.3% and 27.7%; Quarterly and full year GAAP net income of $22 million and net loss of $(58) million; Quarterly GAAP diluted earnings per share of $0.53 and full year loss per... More