Itron: Fourth Quarter Earnings Overview

Itron Inc. Announces Strong Fourth-Quarter Results

Itron Inc., headquartered in Liberty Lake, Washington, revealed on Tuesday that it achieved a net income of $101.6 million for the fourth quarter.

The company reported earnings of $2.21 per share, and after adjusting for special items, earnings reached $2.46 per share.

These figures exceeded analysts’ predictions, as a consensus of seven analysts polled by Zacks Investment Research had anticipated earnings of $2.19 per share.

During the same period, Itron generated $571.7 million in revenue, surpassing the $561.8 million forecasted by five Zacks analysts.

For the entire fiscal year, Itron posted a profit of $301.1 million, or $6.50 per share, with total revenue amounting to $2.37 billion.

Outlook for the Next Quarter and Full Year

• For the quarter ending in March, Itron projects earnings per share between $1.20 and $1.30.
• Expected revenue for the fiscal first quarter is estimated to be between $565 million and $575 million.
• For the full year, the company anticipates earnings per share in the range of $5.75 to $6.25, with revenue projected between $2.35 billion and $2.45 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.