ITRON Reports Second Quarter Earnings for FY2023 on August 3 2023
August 9, 2023
🌥️Earnings Overview
On August 3 2023, ITRON ($NASDAQ:ITRI) reported its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue increased by 25.3% from the same quarter the previous year, amounting to USD 541.1 million, while net income rose 165.5% to USD 24.2 million year over year.
Price History
As the market opened, ITRON stock opened at $79.0, slightly higher than its prior closing price of $76.8.
However, at the end of the day, the stock closed at $76.6, down by 0.2%. The market seemed to be reacting to ITRON’s second quarter performance, which showed a slight dip in profits compared to the same quarter last year. Investors also seemed to be concerned about the company’s outlook for the next quarter, as ITRON’s guidance was lower than expected. This could have been a factor in the decreased closing price compared to the opening price. Overall, while ITRON’s second quarter earnings report was mixed, it was still a positive result for the company, and shareholders can look forward to further success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Itron. ITRON_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.92k | 38.69 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Itron. ITRON_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3_2023″>More…
| Operations | Investing | Financing |
| 44.83 | -19.72 | 2.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Itron. ITRON_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.5k | 1.27k | 26.53 |
Key Ratios Snapshot
Some of the financial key ratios for Itron are shown below. ITRON_Reports_Second_Quarter_Earnings_for_FY2023_on_August_3_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.6% | -9.9% | 2.4% |
| FCF Margin | ROE | ROA |
| 1.2% | 2.4% | 1.1% |
Analysis
At GoodWhale, we’ve conducted an examination of ITRON‘s fundamentals. Based on our Risk Rating, ITRON is a medium risk investment in terms of financial and business aspects. After careful scrutiny, we have detected two risk warnings in ITRON’s income sheet and balance sheet. Register with us to find out more about the potential risks involved with investing in ITRON. Our team of experts is always available to answer any questions you may have and help you make the most informed decision possible. More…
Peers
The company has a wide array of products and services that it offers to its clients. Itron Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1977 and is headquartered in Liberty Lake, Washington. Itron Inc has a market capitalization of $2.5 billion as of September 2019. Adtran Inc is a technology company that specializes in the development and deployment of telecommunications networking equipment and solutions. The company has a wide array of products and services that it offers to its clients. Adtran Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1985 and is headquartered in Huntsville, Alabama. Adtran Inc has a market capitalization of $1.2 billion as of September 2019. Communications Systems Inc is a technology company that specializes in the development and deployment of voice and data communications solutions. The company has a wide array of products and services that it offers to its clients. Communications Systems Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1968 and is headquartered in Minneapolis, Minnesota. Communications Systems Inc has a market capitalization of $204 million as of September 2019. Mind Solutions Inc is a technology company that specializes in the development and deployment of cognitive computing solutions. The company has a wide array of products and services that it offers to its clients. Mind Solutions Inc is a privately held company that is headquartered in San Diego, California. The company was founded in 2006.
– Adtran Inc ($NASDAQ:ADTN)
Adtran, Inc. is a global communications solutions provider specializing in network connectivity and infrastructure solutions. The company’s solutions enable voice, data, video, and Internet communications across a variety of network infrastructures. Adtran’s products are used in a variety of applications, including broadband access, Ethernet switching, network security, VoIP, and wireless connectivity.
Adtran’s market cap is 1.59B as of 2022. The company has a Return on Equity of -2.42%. Adtran specializes in network connectivity and infrastructure solutions. The company’s products are used in a variety of applications, including broadband access, Ethernet switching, network security, VoIP, and wireless connectivity.
– Communications Systems Inc ($OTCPK:VOIS)
Moody’s is the leading provider of credit ratings, research, and risk analysis. It is one of the “Big Three” credit-rating agencies, along with Standard & Poor’s and Fitch Ratings.
Summary
ITRON‘s second quarter earnings for FY2023 ended June 30 2023, posted impressive revenue and net income growth of 25.3% and 165.5% respectively year-on-year. Investors should take note of these results due to the strong financial performance indicating that ITRON is in a good position to capitalize on future growth opportunities. The company appears to be well capitalized with a healthy balance sheet, solid liquidity and cash flow. Overall, these results suggest that ITRON is an appealing stock for investors looking to capitalize on its positive performance and outlook.
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