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Itron ITRI Q3 2024 earnings

Reported October 31, 2024 · Before market open

Revenue$615.5MBeat by $10.9M
EPS$1.84Beat by $0.71
Revenue estimate$604.6M
EPS estimate$1.13

Next report

Date not yet announced

Financials

Q3 2024

Income statement

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Revenue$615.5M+9.8%
Gross profit$209.6M+12.0%
Operating income$73.9M+34.7%
Net income$78.0M+94.1%
EPS (diluted)$1.70+95.4%

Balance sheet

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Cash & equivalents$982.5M+286%
Total debt$1.3B+161%
Total equity$1.3B+8.9%
Total assets$3.4B+34.0%

Cash flow

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Operating cash flow$65.3M+91.6%
CapEx$6.6M+14.1%
Free cash flow$58.7M+107%

Valuation & ratios

Valuation

as of 09/30/24
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Market cap$4.89B+77.4%
Enterprise value$5.17B+73.2%
P/E21.7×
P/S+0.7×

Profitability

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Gross margin34.2%+2.3pp
Operating margin10.4%
Net margin9.4%
FCF margin7.3%

Returns & leverage

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Return on equity17.4%
Debt / equity0.9×+0.5×
Current ratio3.4×+1.5×

Segments

By segment

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Networked Solutions$416.7M+8.2%
Device Solutions$122.7M+10.8%
Outcomes$76.0M+16.9%

By geography

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United States and Canada$505.6M+11.7%
Europe, Middle East, and Africa$86.7M+6.5%
Asia Pacific$23.2M-13.5%

By product

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Service revenues$77.2M-4.0%

Versus estimates

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Questions, answered.

When did Itron report Q3 2024 earnings?
Itron (ITRI) reported Q3 2024 earnings on October 31, 2024 before market open.
What were Itron's Q3 2024 revenue and EPS?
Itron reported revenue of $615.5M and eps of $1.84 for Q3 2024.
Did Itron beat estimates in Q3 2024?
Revenue beat the consensus estimate of $604.6M by $10.9M. EPS beat the consensus estimate of $1.13 by $0.71.
Where can I find Itron's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000780571-24-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.