Baird Remains Bullish on Itron (ITRI) After Mixed Results in 1Q15
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Itron Announces Chief Operating Officer Transition
May 4, 2015 4:05 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today that John Holleran, the companys executive vice president (EVP) and chief operating officer (COO), will be departing Itron effective the end of 2015. The company is conducting a search for candidates to fill the position. In the interim, Holleran will continue as EVP and COO of the company.
John has provided solid leadership over the last two and a half years. During his tenure as COO, John was focused on positioning Itron for future growth and improved profitability. He has done a remarkable... More
Itron Announces First Quarter 2015 Financial Results
May 4, 2015 4:00 PM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its first quarter ended March 31, 2015. Highlights include:
Quarterly revenues of $448 million, inclusive of an unfavorable foreign currency impact of $44 million; Quarterly GAAP net earnings per share of 13 cents; Quarterly non-GAAP diluted earnings per share of 20 cents; Quarterly adjusted EBITDA of $29 million; Twelve-month backlog of $779 million and total backlog of $1.4 billion; and Quarterly bookings of $424... More