ITron Up 16% After Beating Earnings Estimates
Shares of ITron (NASDAQ: ITRI) are up more than 16% today after the company reported earnings yesterday.
Highlights include: • Quarterly and full year revenues of $642 million and $2.4 billion; • Quarterly and full year GAAP net loss per share of $1.35 and $12.56, inclusive of a non-cash goodwill impairment charge recorded during the year of $585 million, or $14.40 per share; • Quarterly and full year non-GAAP diluted net earnings per share of $1.19 and $4.29; • Full year cash flow from operations and free cash flow of $252 million and $192 million; • Quarterly and full year adjusted EBITDA of $79 million and $313 million; • Twelve-month backlog of $766 million and total backlog of $1.3 billion; and • Quarterly bookings of $515 million.
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