Itron Q4 EPS $2.46, Revenue $571.7M Beat Forecasts; Shares Drop 10.7%
Itron beat Q4 adjusted earnings with $2.46 per share on $571.7M revenue, exceeding forecasts by $0.27 and $10M, while guiding Q1 revenue of $565M-$575M and EPS of $5.75-$6.25. However, shares fell after bookings missed expectations due to utility customers’ planning uncertainty and regulatory scrutiny, pushing a one-month return to –10.68%.
1. Q4 Financial Results
Itron reported Q4 profit of $101.6 million and adjusted EPS of $2.46, topping analyst forecasts of $2.19 by $0.27. Revenue reached $571.7 million versus estimates of $561.8 million, marking a solid beat that reflects resilient demand for its energy and water metering solutions.
2. Bookings Shortfall and Stock Reaction
Management noted bookings were softer than anticipated as utility customers delayed decisions due to planning uncertainty and heightened regulatory scrutiny over rising consumer bills. The stock closed at $89.36 on February 13, then slid 10.68% over one month and 7.88% over the past twelve months.
3. Outlook and Guidance
Itron forecasts Q1 revenue between $565 million and $575 million with EPS of $1.20 to $1.30, and full-year EPS guidance of $5.75 to $6.25 on revenue of $2.35 billion to $2.45 billion. Management expects continued demand for smart metering and grid modernization solutions going forward.