Published on 3 May 2024 on Zacks via Yahoo Finance
Itron (ITRI) Q1 Earnings & Revenues Top Estimates, Rise Y/Y
Itron Inc ITRI reported non-GAAP earnings per share (EPS) of $1.24 for first-quarter 2024, which surpassed the Zacks Consensus Estimate by 45.9%. The company reported earnings of 49 cents in the prior-year quarter.Revenues were $603 million, which beat the Zacks Consensus Estimate by 4.1%. The top line improved 22% (up 22% at constant currency) year over year.The top-line performance was driven by strong operational execution and robust demand trends across all business segments. Management also noted that growth was backed by conversion of previously constrained revenues. ITRI had nearly $125 million of constrained revenues at the beginning of 2024. More than half of this amount was fulfilled in the first quarter.
Itron, Inc. Price, Consensus and EPS Surprise
