ITRI: Itron Reports Q1 Profit Decline Amid Revenue Dip

Itron Reports Q1 Profit Decline Amid Revenue Dip

Apr 28, 2026 12:36 UTC

ITRI

Short term

Itron Inc. (ITRI) has reported a decline in its first-quarter financial performance, with both top-line revenue and bottom-line profits falling compared to the same period last year. The results indicate a period of contraction for the company as it manages its current operational headwinds. According to the financial results, GAAP earnings for the quarter totaled $53.45 million, or $1.18 per share, a decrease from the $65.47 million, or $1.42 per share, reported in the prior year. Revenue also experienced a 3.3% decrease, falling to $586.98 million from $607.15 million. Despite the GAAP decline, the company reported adjusted earnings of $67.69 million, or $1.49 per share, for the period. This adjusted figure provides a different view of the company's core operational performance by excluding specific non-recurring items. Looking ahead, Itron has issued guidance for the next quarter, projecting earnings per share to fall between $1.25 and $1.35. Revenue for the upcoming period is expected to range between $560 million and $570 million. This guidance suggests a potential stabilization in profitability despite a projected further slight dip in overall revenue.

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Itron Reports Q1 Profit Decline Amid Revenue Dip

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