Itron Third Quarter 2024 Earnings: Beats Expectations

Itron (NASDAQ:ITRI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$615.5m (up 9.8% from 3Q 2023).
• Net income: US$78.0m (up 94% from 3Q 2023).
• Profit margin: 13% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.73 (up from US$0.88 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Itron Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 8.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Itron's balance sheet and an in-depth analysis of the company's financial position.

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