Itron (ITRI) Misses Q2 EPS by 14c; Offers FY22 Guidance
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Itron Announces Second Quarter 2022 Financial Results and Updated Full-Year 2022 Guidance
August 4, 2022 8:30 AM EDTLIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ: ITRI) announced today financial results for its second quarter ended June 30, 2022. Key results for the quarter include (compared with the second quarter of 2021):
Revenue of $432 million, compared with $489 million; Gross margin of 29.2%; compared with 30.6%; GAAP net loss of $(37) million, compared with $(33) million; GAAP loss per share (EPS) of $(0.82), compared with $(0.73); Non-GAAP diluted EPS of $0.07, compared with $0.28; Adjusted EBITDA of $17 million, compared with $36 million; Free cash flow of $10 million, compared with $64 million;... More