ITRI - Public offerings

Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2022. Highlights for the quarter and full year include: Quarterly and full year revenue of $467 million and $1.8 billion; Quarterly and full year gross margin of 30.1% and 29.1%; Quarterly GAAP net income of $22 million and a full year loss of $(10) million; Quarterly GAAP diluted earnings per share of $0.49 and a full year loss per share of $(0.22); Quarterly and full year non-GAAP diluted earnings per share of $0.71 and $1.13; Quarterly and full year adjusted EBITDA of $34 million and $95 mill

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its third quarter ended Sept. 30, 2022. Key results for the quarter include (compared with the third quarter of 2021): Revenue of $421 million, compared with $487 million; Gross margin of 28.5%; compared with 27.7%; GAAP net income of $4 million, compared with a loss of $(2) million; GAAP diluted earnings per share (EPS) of $0.09, compared with a loss per share of $(0.04); Non-GAAP diluted EPS of $0.23, compared with $0.21; Adjusted EBITDA of $24 million, compared with $26 million; Free cash flow of $11 million, consistent with prior year; and Total backlog of $4.2 billion, compared with $3.4 billion. "In the

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; and Total backlog of $4.1 billion, compared with $3.5 billion. "In the second quarter of 2022, we continued t

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its first quarter ended March 31, 2022. Key results for the quarter include (compared with the first quarter of 2021): Revenue of $475 million, compared with $520 million; Gross margin of 28.4%; compared with 32.2%; GAAP net income of $1 million, compared with $13 million; GAAP diluted earnings per share (EPS) of $0.02, compared with $0.30; Non-GAAP diluted EPS of $0.11, compared with $0.52; Adjusted EBITDA of $19 million, compared with $50 million; Free cash flow of $2 million compared with $39 million; and Total backlog of $3.9 billion, compared with $3.4 billion. "In the first quarter of 2022, customer dema

Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its fourth quarter and full year ended Dec. 31, 2021. Highlights for the quarter and full year include: Quarterly and full year revenue of $486 million and $2.0 billion; Quarterly and full year gross margin of 25.0% and 28.9%; Quarterly and full year GAAP net loss of $(59) million and $(81) million; Quarterly and full year GAAP loss per share of $(1.30) and $(1.83); Quarterly and full year non-GAAP diluted earnings per share of $0.75 and $1.75; Quarterly and full year adjusted EBITDA of $3 million and $115 million; and Backlog of $4.0 billi

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its third quarter ended Sept. 30, 2021. Key results for the quarter include (compared with the third quarter of 2020): Revenue of $487 million, compared with $540 million; Gross margin of 27.7%; compared with 26.5%; GAAP net loss of $(2) million, compared with $(25) million; GAAP loss per share (EPS) of $(0.04), compared with $(0.63); Non-GAAP diluted EPS of $0.21, compared with $0.61; Adjusted EBITDA of $26 million, compared with $40 million; Free cash flow of $11 million compared with $38 million; and Total backlog of $3.4 billion, compared with $2.8 billion. "Despite the current component constraints that g

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its second quarter ended June 30, 2021. Key results for the quarter include (compared with the second quarter of 2020): Revenue of $489 million, compared with $510 million; Gross margin of 30.6%; compared with 27.2%; GAAP net loss of $(33) million, compared with $(63) million; GAAP loss per share (EPS) of $(0.73), compared with $(1.56); Non-GAAP diluted EPS of $0.28, compared with $0.03; Adjusted EBITDA of $36 million, compared with $31 million; Free cash flow of $64 million compared with $(10) million; and Total backlog of $3.5 billion, compared with $2.9 billion. "While we saw demand recovery in the second q

Itron, Inc. (NASDAQ:ITRI) announced today financial results for its first quarter ended March 31, 2021. Key results for the quarter include (compared with the first quarter of 2020): Revenue of $520 million, compared with $598 million; Gross margin of 32.2%; compared with 28.7%; GAAP net income of $13 million, compared with $9 million; GAAP diluted earnings per share (EPS) of $0.30, compared with $0.21; Non-GAAP diluted EPS of $0.52, compared with $0.57; Adjusted EBITDA of $50 million, compared with $52 million; Free cash flow of $39 million, compared with $6 million; and Total backlog of $3.4 billion, compared with $3.0 billion. "Overall, I am pleased with our ability to

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced the pricing of its private offering of $400 million aggregate principal amount of its 0% convertible senior notes due 2026 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including the first day the Notes are issued, an additional $60 million aggregate principal amount

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced the pricing of its underwritten public offering of 3,888,889 shares of common stock at a price to the public of $90.00 per share. The underwriters will also have a 30-day option to purchase up to an additional 583,333 shares. The offering is expected to close on or about March 12, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from the offering, together with cash on hand, to repay outstanding term loan borrowings under its credit facility that was initially entered int

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced that it has commenced an underwritten public offering, subject to market and other conditions, of $350 million of shares of common stock of the Company. The Company intends to grant to the underwriters an option to purchase up to $52.5 million of additional shares. The Company intends to use the net proceeds from the offering, together with cash on hand, to repay outstanding term loan borrowings under its credit facility that was initially entered into on January 5, 2018, and to pay all fees and expenses related t

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $400 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first day the Notes are issued, an