Itron (ITRI) Reports In-Line Q1 EPS, Beats on Revenues

Itron (NASDAQ: ITRI) reported Q1 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $607 million versus the consensus estimate of $572.64 million.

• Completed acquisition of Silver Spring Networks on Jan. 5, 2018, which operates and reports as the new Itron Networks segment;
• Revenue of $607 million, compared with $478 million in the first quarter of 2017;
• Gross margin of 29.6 percent, compared with 33.0 percent in the first quarter of 2017;
• GAAP loss per share of $3.74, compared with earnings of 40 cents per diluted share in the first quarter of 2017;
• Non-GAAP diluted earnings per share (EPS) of 13 cents, compared with 57 cents the first quarter of 2017;
• Adjusted EBITDA of $40 million, compared with $46 million in the first quarter of 2017; and
• Total backlog of $3.1 billion, compared with $1.6 billion at the end of the first quarter of 2017.

For earnings history and earnings-related data on Itron (ITRI) click here.

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