NASDAQ$ITRI
Itron Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Itron reported a decrease in revenue due to component constraints, but improved gross margin and free cash flow compared to the prior year.
Itron's Q2 2021 results were impacted by component constraints, leading to a revenue decrease. However, the company saw demand recovery and improved gross margin and free cash flow. Itron updated its full-year 2021 guidance to reflect the impact of component constraints.
- Revenue decreased 4% to $489 million due to component constraints.
- Non-GAAP diluted EPS increased to $0.28, compared to $0.03 in the prior year.
- Free cash flow improved to $64 million, compared to $(10) million in the prior year.
- Total backlog reached a record $3.5 billion, compared to $2.9 billion in the prior year.
Headline financials
Revenue & EPS history
Itron · Revenue · Quarterly
$489M
Revenue by segment
Itron · $628M total across 3 segments · Q4 2019
- Networked Solutions$369M+20.8%58.7%
- Device Solutions$206M-9.5%32.8%
- Outcomes$53.6M-1.2%8.5%
Forward guidance
Itron updated its full year 2021 guidance to reflect the impact of component constraints. Revenue is expected to be between $2.05 to $2.15 billion, and non-GAAP diluted EPS is expected to be between $1.00 to $1.50.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.7%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+1.6%
Avg return
30 days after
56%
38 / 68 earnings
Positive
+26.8%
Q1 2023
Best reaction
-21.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | -1.7% | -3.9% | |
| Q4 2025 | +8.0% | +11.4% | +3.7% | |
| Q3 2025 | -21.3% | -22.9% | -28.3% | |
| Q1 2025 | -2.9% | -4.1% | +3.9% | |
| Q4 2024 | +9.9% | +17.6% | +13.7% | |
| Q3 2024 | +7.7% | +13.3% | +14.1% | |
| Q2 2024 | -2.2% | -5.5% | -1.2% | |
| Q1 2024 | +16.9% | +18.3% | +17.5% | |
| Q4 2023 | +21.5% | +24.4% | +22.2% | |
| Q3 2023 | +13.1% | +11.4% | +21.4% | |
| Q2 2023 | -6.4% | -10.1% | -10.8% | |
| Q1 2023 | +26.8% | +22.7% | +28.9% | |
| Q4 2022 | +2.1% | +3.9% | -1.4% | |
| Q3 2022 | +0.5% | +8.3% | +17.2% | |
| Q2 2022 | -11.9% | -14.3% | -18.8% | |
| Q1 2022 | +1.0% | +5.4% | +6.4% | |
| Q4 2021 | -8.7% | -13.5% | -3.0% | |
| Q3 2021 | -0.0% | -7.4% | -22.7% | |
| Q2 2021 | -21.0% | -16.6% | -16.2% | |
| Q1 2021 | -6.0% | -2.8% | +6.7% | |
| Q4 2020 | +20.1% | +21.1% | -8.3% | |
| Q3 2020 | +1.3% | +0.7% | +21.5% | |
| Q2 2020 | -4.0% | -3.6% | -10.9% | |
| Q1 2020 | -17.7% | -8.8% | -0.1% | |
| Q4 2019 | -9.5% | -10.8% | -32.2% | |
| Q3 2019 | +3.4% | +1.2% | +4.6% | |
| Q2 2019 | +13.3% | +13.5% | +15.8% | |
| Q1 2019 | +22.1% | +12.1% | +10.3% | |
| Q4 2018 | -12.4% | -15.8% | -22.9% | |
| Q3 2018 | -5.0% | -0.8% | -3.9% | |
| Q2 2018 | +8.1% | +3.4% | +10.8% | |
| Q1 2018 | -6.2% | -11.9% | -12.5% | |
| Q4 2017 | +4.9% | +3.5% | +1.1% | |
| Q3 2017 | -14.9% | -11.2% | -17.1% | |
| Q2 2017 | -1.0% | -0.1% | -0.5% | |
| Q1 2017 | +2.8% | +2.1% | +7.5% | |
| Q4 2016 | -7.9% | -10.2% | -8.4% | |
| Q3 2016 | +9.1% | +9.8% | +18.3% | |
| Q2 2016 | +12.1% | +13.3% | +17.1% | |
| Q1 2016 | +11.4% | +9.5% | +24.5% | |
| Q4 2015 | +7.7% | — | — | |
| Q3 2015 | -7.0% | — | — | |
| Q2 2015 | +4.6% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | -3.7% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | +9.1% | — | — | |
| Q1 2014 | +13.3% | — | — | |
| Q4 2013 | -14.2% | — | — | |
| Q3 2013 | -6.7% | — | — | |
| Q2 2013 | -5.9% | — | — | |
| Q1 2013 | -11.8% | — | — | |
| Q4 2012 | -9.2% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q2 2012 | +8.2% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2008 | -3.0% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q3 2011 | +2.1% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q1 2010 | -1.7% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2009 | +1.5% | — | — | |
| Q3 2010 | +1.5% | — | — | |
| Q2 2009 | +2.3% | — | — | |
| Q2 2010 | +2.3% | — | — | |
| Q4 2009 | +2.3% | — | — |
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