Itron (ITRI) Tops Q3 EPS by 39c
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Itron Announces Third Quarter 2019 Financial Results
November 4, 2019 4:05 PM ESTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its third quarter ended Sept. 30, 2019. Key results for the quarter include (compared with the third quarter of 2018):
Revenue of $624 million, compared with $596 million; Gross margin of 31.5%; compared with 33.1%; GAAP net income of $17 million, compared with $20 million; GAAP diluted earnings per share (EPS) of $0.42, compared with $0.50; Non-GAAP diluted EPS of $1.04, compared with $1.13; Adjusted EBITDA of $74 million, compared with $81 million; and Total backlog was flat at $3.1... More