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Itron ITRI Q4 2024 Annual earnings

Reported February 25, 2025 · Before market open

Revenue$612.9MBeat by $33.2M
EPS$1.35Beat by $0.30
Revenue estimate$579.7M
EPS estimate$1.05

Next report

Date not yet announced

Financials

Q4 2024

Income statement

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Revenue$612.9M+6.2%
Gross profit$213.9M+8.9%
Operating income$62.7M+27.3%
Net income$58.1M+30.9%
EPS (diluted)$1.27+32.3%

Balance sheet

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Cash & equivalents$1.1B+248%
Total debt$1.3B+155%
Total equity$1.4B+6.1%
Total assets$3.4B+30.8%

Cash flow

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Operating cash flow$79.8M+66.7%
CapEx$9.7M+12.9%
Free cash flow$70.2M+78.5%

Valuation & ratios

Valuation

as of 12/31/24
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Market cap$4.9B+42.5%
Enterprise value$5.13B+41.0%
P/E20.5×-15.0×
P/S+0.4×

Profitability

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Gross margin34.4%+1.5pp
Operating margin10.8%+4.9pp
Net margin9.8%+5.3pp
FCF margin8.5%+4.0pp

Returns & leverage

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Return on equity17.7%+9.9pp
Debt / equity0.9×+0.5×
Current ratio3.4×+1.5×

Segments

By segment

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Networked Solutions$413.1M+5.7%
Device Solutions$108.5M-4.4%
Outcomes$91.2M+25.4%

By geography

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United States and Canada$521.0M+9.1%
Europe, Middle East, and Africa$66.9M-10.9%
Asia Pacific$25.0M+2.1%

By product

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Service revenues$80.5M+7.0%

Versus estimates

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Questions, answered.

When did Itron report Q4 2024 earnings?
Itron (ITRI) reported Q4 2024 earnings on February 25, 2025 before market open.
What were Itron's Q4 2024 revenue and EPS?
Itron reported revenue of $612.9M and eps of $1.35 for Q4 2024.
Did Itron beat estimates in Q4 2024?
Revenue beat the consensus estimate of $579.7M by $33.2M. EPS beat the consensus estimate of $1.05 by $0.30.
Where can I find Itron's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000780571-25-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.