Itron Reports Strong Second Quarter Performance for 2025
Itron's Impressive Second Quarter Results
Itron, Inc. (NASDAQ: ITRI), a leader in technology solutions for energy and water management, recently published its financial results for the second quarter of 2025. The company continues to innovate in how cities and utilities execute energy and water management, showcasing strong fiscal performance.
Financial Highlights from the Second Quarter
For the quarter ending June 30, Itron recorded a revenue of $607 million, a slight decrease from $609 million the previous year. This adjustment can be attributed to preceding revenue constraints during Q2 of 2024. Overall, the revenue remains robust, driven by innovative sales and a dedicated customer base.
Operating Profitability and Growth
The gross profit for the quarter amounted to $224 million, reflecting a 6% year-over-year increase. Furthermore, Itron reports a GAAP net income of $68 million, marking a significant rise of $17 million compared to the same period last year. This growth translated into a GAAP diluted earnings per share of $1.47, which is up by $0.37 from the prior year.
Detailed Revenue Breakdown
Despite the slight overall decline in revenue, Itron's segment performance reveals essential insights:
- Device Solutions revenue dropped 5%, mainly due to lower sales from legacy electricity products. However, there was a rise in water sales, partially balancing this decline.
- Networked Solutions revenue encountered a 1% decrease as a result of altered shipment timing and project execution.
- The Outcomes segment experienced a substantial 9% growth, primarily due to recurring revenue and software license increases.
Impressive Cash Flow Figures
Itron generated a free cash flow of $91 million, which is an impressive jump of $46 million from $45 million the previous year. The boost in cash flow was a result of enhanced earnings and reduced tax obligations.
Future Outlook
As Itron heads into the third quarter of 2025, the company forecasts revenue between $570 million and $585 million. It expects non-GAAP diluted Earnings Per Share (EPS) to fall within the range of $1.45 to $1.55. Looking ahead, Itron anticipates a full-year revenue of $2.35 to $2.4 billion, with non-GAAP diluted EPS ranging from $6.00 to $6.20.
Itron's Commitment to Stakeholders
President and CEO, Tom Deitrich, expressed optimism regarding the company's direction amidst macroeconomic challenges, stating that, "Itron delivered solid second quarter results driving quarterly record levels of margin, profitability, and cash flow. We are determined to assist our clients in balancing numerous intricate decisions to achieve effective resource management."
About Itron
Itron is revolutionizing how essential resources such as energy and water are managed globally. With trusted, intelligent infrastructure solutions, Itron aids utilities and municipalities in enhancing efficiency, building resilience, and providing sustainable services to communities. They aim to create a more resourceful world through connectivity, insights, and technology.
Frequently Asked Questions
What were Itron's revenue figures for the second quarter?
Itron reported revenue of $607 million for the second quarter of 2025.
How much did Itron net in profits during this quarter?
The company achieved a net income of $68 million during this reporting period.
What is the expected range for Itron's future revenue?
Itron anticipates a range of $2.35 to $2.4 billion for its full-year revenue in 2025.
Who is the CEO of Itron?
The President and CEO of Itron is Tom Deitrich, who is committed to guiding the company through evolving market conditions.
What innovative solutions does Itron provide?
Itron innovates in resource management, focusing on energy and water, with intelligent infrastructure solutions that improve efficiency and service reliability.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.