When did Itron report Q1 2024 earnings?

Itron (ITRI) reported Q1 2024 earnings on May 2, 2024 before market open.

What were Itron's Q1 2024 revenue and EPS?

Itron reported revenue of $603.4M and eps of $1.24 for Q1 2024.

Did Itron beat estimates in Q1 2024?

Revenue beat the consensus estimate of $579.5M by $24.0M. EPS beat the consensus estimate of $0.84 by $0.40.

Where can I find Itron's Q1 2024 SEC filings?

You can read the 10-Q periodic report (0000780571-24-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.

Itron ITRI Q1 2024 earnings

Reported May 2, 2024 · Before market open

Revenue$603.4MBeat by $24.0M

EPS$1.24Beat by $0.40

Revenue estimate$579.5M

EPS estimate$0.84

Next report

Date not yet announced

Financials

Q1 2024

Income statement

See full

Revenue$603.4M+22.0%

Gross profit$205.4M+31.3%

Operating income$62.8M+704%

Net income$51.7M+537%

EPS (diluted)$1.12+531%

Balance sheet

See full

Cash & equivalents$300.6M+53.4%

Total debt$487.1M-1.3%

Total equity$1.4B+16.5%

Total assets$2.7B+9.4%

Cash flow

See full

Operating cash flow$41.3M+2,791%

CapEx$7.1M+3.5%

Free cash flow$34.2M+724%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$4.22B+67.6%

Enterprise value$4.41B+56.6%

P/E26.3×—

P/S1.9×+0.5×

Profitability

See full

Gross margin33.4%+3.5pp

Operating margin8.9%—

Net margin7%—

FCF margin6%—

Returns & leverage

See full

Return on equity12.7%—

Debt / equity0.4×-0.1×

Current ratio1.9×+0.2×

Segments

By segment

See full

Networked Solutions$407.5M+30.0%

Device Solutions$126.8M+7.2%

Outcomes$69.2M+10.0%

By geography

See full

United States and Canada$482.1M+29.3%

Europe, Middle East, and Africa$98.7M-0.1%

Asia Pacific$22.7M-1.5%

By product

See full

Service revenues$75.6M-3.4%

Versus estimates

Revenue

Q2 2026$562.9MMiss by $3.4M Q1 2026$587.0MBeat by $14.9M Q4 2025$571.7MBeat by $10.2M Q3 2025$581.6MBeat by $20.3M Q2 2025$606.8MBeat by $8.1M Q1 2025$607.2MMiss by $1.8M

Diluted EPS

Q2 2026$1.59Beat by $0.30 Q1 2026$1.49Beat by $0.23 Q4 2025$2.46Beat by $0.27 Q3 2025$1.54Beat by $0.06 Q2 2025$1.62Beat by $0.29 Q1 2025$1.52Beat by $0.22

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Questions, answered.

When did Itron report Q1 2024 earnings?: Itron (ITRI) reported Q1 2024 earnings on May 2, 2024 before market open.
What were Itron's Q1 2024 revenue and EPS?: Itron reported revenue of $603.4M and eps of $1.24 for Q1 2024.
Did Itron beat estimates in Q1 2024?: Revenue beat the consensus estimate of $579.5M by $24.0M. EPS beat the consensus estimate of $0.84 by $0.40.
Where can I find Itron's Q1 2024 SEC filings?: You can read the 10-Q periodic report (0000780571-24-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.