Itron Posts $1.61 Q3 EPS, Topping Prior Quarter's Beat
ITRI is trading near its 52-week low of $77.77 (13% above the low).
Summary
Itron reported third-quarter adjusted EPS of $1.94, ahead of the $1.59 adjusted EPS it posted in Q2, when it also beat by $0.30 and raised full-year guidance to $6.30-$6.50. Net income for the quarter was $71.4M on revenue of $599.3M. The print keeps the earnings beat streak intact for a company that has been delivering record gross margins even as revenue declined 7% in Q2. With shares at $87.70 and a market cap near $3.8B, a beat of this size is material for a mid-cap industrial tech name. The Q2 guidance raise to $6.30-$6.50 is the bar this quarter's number will be measured against. Looking ahead, Itron sees fourth-quarter revenue of $621M-$636M and fourth-quarter adjusted EPS of $1.70-$1.80, and it sees 2026 revenue of $2.37B-$2.385B.
At the time of this announcement, ITRI was trading at $87.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $77.77 to $142.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.