ITRON INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
ITRI$99.97+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| In thousands, except per share data | 2024 | 2023 | 2024 | 2023 |
| Revenues | ||||
| Product revenues | $532,907 | $464,803 | $1,060,729 | $881,127 |
| Service revenues | 76,162 | 76,267 | 151,782 | 154,561 |
| Total revenues | 609,069 | 541,070 | 1,212,511 | 1,035,688 |
| Cost of revenues | ||||
| Product cost of revenues | 356,747 | 322,288 | 713,454 | 619,631 |
| Service cost of revenues | 41,862 | 44,835 | 83,218 | 85,742 |
| Total cost of revenues | 398,609 | 367,123 | 796,672 | 705,373 |
| Gross profit | 210,460 | 173,947 | 415,839 | 330,315 |
| Operating expenses | ||||
| Sales, general and administrative | 88,413 | 79,079 | 174,384 | 154,600 |
| Research and development | 53,053 | 53,560 | 105,454 | 103,125 |
| Amortization of intangible assets | 4,511 | 4,722 | 8,497 | 9,770 |
| Restructuring | (99) | 874 | 99 | 37,483 |
| (Gain) loss on sale of business | (65) | 612 | (42) | 630 |
| Total operating expenses | 145,813 | 138,847 | 288,392 | 305,608 |
| Operating income | 64,647 | 35,100 | 127,447 | 24,707 |
| Other income (expense) | ||||
| Interest income | 5,128 | 1,508 | 8,974 | 3,326 |
| Interest expense | (2,290) | (1,977) | (4,183) | (4,034) |
| Other income (expense), net | (445) | (333) | 18 | (1,808) |
| Total other income (expense) | 2,393 | (802) | 4,809 | (2,516) |
| Income before income taxes | 67,040 | 34,298 | 132,256 | 22,191 |
| Income tax provision | (15,180) | (9,195) | (28,609) | (9,125) |
| Net income | 51,860 | 25,103 | 103,647 | 13,066 |
| Net income attributable to noncontrolling interests | 542 | 902 | 608 | 701 |
| Net income attributable to Itron, Inc. | $51,318 | $24,201 | $103,039 | $12,365 |
| Net income per common share - Basic | $1.12 | $0.53 | $2.25 | $0.27 |
| Net income per common share - Diluted | $1.10 | $0.53 | $2.22 | $0.27 |
| Weighted average common shares outstanding - Basic | 45,745 | 45,435 | 45,698 | 45,358 |
| Weighted average common shares outstanding - Diluted | 46,526 | 45,781 | 46,441 | 45,677 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.