NASDAQ$ITRI
Itron Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Itron reported mixed results with revenue decline offset by increased gross margin and operating income, driven by higher-margin software license revenue and lower operating expenses.
Itron announced its Q4 and full year 2020 financial results. The company's Q4 revenue was $525 million, a 16% decrease compared to the previous year. GAAP net income for the quarter was $22 million, or $0.53 per diluted share, while non-GAAP diluted earnings per share were $0.65. The company's backlog was $3.3 billion.
- Total revenue decreased by 16% to $525 million.
- Outcomes revenue increased by 14% due to higher software license revenue.
- GAAP operating income increased to $33 million from $29 million in 2019.
- Bookings were $973 million with a book to bill ratio of 1.9 to 1.
Headline financials
Revenue & EPS history
Itron · Revenue · Quarterly
$525M
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 provided financial guidance for the full year 2021, including revenue between $2.23 and $2.33 billion and non-GAAP diluted EPS between $2.15 and $2.55.
Tailwinds
- Revenue between $2.23 and $2.33 billion
- Non-GAAP diluted EPS between $2.15 and $2.55
- Guidance assumes an average euro to U.S. dollar foreign currency exchange rate of $1.20 in 2021
- Diluted weighted average shares outstanding of approximately 41 million for the year
- Non-GAAP interest expense of $36 million
Headwinds
- A reconciliation of forward-looking non-GAAP diluted EPS to the GAAP diluted EPS has not been provided
- Unable to predict with reasonable certainty the potential amount or timing of restructuring and acquisition and integration related expenses and their related tax effects without unreasonable effort
- Items are uncertain
- Depend on various factors
- Could have a material impact on GAAP results for the guidance period
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 Q4 2020
+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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