ITRON INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
ITRI$99.97+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| In thousands, except per share data | 2024 | 2023 | 2022 |
| Revenues | |||
| Product revenues | $2,131,379 | $1,863,489 | $1,500,243 |
| Service revenues | 309,458 | 310,144 | 295,321 |
| Total revenues | 2,440,837 | 2,173,633 | 1,795,564 |
| Cost of revenues | |||
| Product cost of revenues | 1,429,942 | 1,292,170 | 1,102,475 |
| Service cost of revenues | 171,578 | 167,555 | 170,900 |
| Total cost of revenues | 1,601,520 | 1,459,725 | 1,273,375 |
| Gross profit | 839,317 | 713,908 | 522,189 |
| Operating expenses | |||
| Sales, general and administrative | 339,069 | 312,779 | 290,453 |
| Research and development | 215,034 | 208,688 | 185,098 |
| Amortization of intangible assets | 17,828 | 18,918 | 25,717 |
| Restructuring | 2,679 | 43,989 | (13,625) |
| Loss on sale of business | 597 | 667 | 3,505 |
| Goodwill impairment | — | — | 38,480 |
| Total operating expenses | 575,207 | 585,041 | 529,628 |
| Operating income (loss) | 264,110 | 128,867 | (7,439) |
| Other income (expense) | |||
| Interest income | 34,577 | 9,314 | 2,633 |
| Interest expense | (15,379) | (8,349) | (6,724) |
| Other income (expense), net | 1,223 | (2,446) | (4,213) |
| Total other income (expense) | 20,421 | (1,481) | (8,304) |
| Income (loss) before income taxes | 284,531 | 127,386 | (15,743) |
| Income tax benefit (provision) | (43,407) | (29,068) | 6,196 |
| Net income (loss) | 241,124 | 98,318 | (9,547) |
| Net income attributable to noncontrolling interests | 2,019 | 1,395 | 185 |
| Net income (loss) attributable to Itron, Inc. | $239,105 | $96,923 | $(9,732) |
| Net income (loss) per common share - Basic | $5.27 | $2.13 | $(0.22) |
| Net income (loss) per common share - Diluted | $5.18 | $2.11 | $(0.22) |
| Weighted average common shares outstanding - Basic | 45,368 | 45,421 | 45,101 |
| Weighted average common shares outstanding - Diluted | 46,187 | 45,836 | 45,101 |
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