Itron raises 2024 guidance as Q3 revenue rises 10% to $615 million
Itron reported third quarter 2024 revenue of $615 million, up 10%, and GAAP diluted EPS of $1.70 versus $0.87 a year earlier, aided in part by a favorable foreign tax audit resolution worth about $0.30 per share. The company raised its full-year 2024 revenue and non-GAAP diluted EPS guidance, which gives shareholders a higher stated outlook for the year.
Key points
- Q3 2024 revenue of $615 million, up 10%; GAAP diluted EPS of $1.70 versus $0.87; non-GAAP diluted EPS of $1.84 versus $0.98
- Full-year 2024 revenue guidance raised to $2.428 to $2.438 billion from $2.385 to $2.415 billion
- Full-year 2024 non-GAAP diluted EPS guidance raised to $5.28 to $5.38 from $4.45 to $4.65
- Q4 2024 outlook: revenue of $600 to $610 million and non-GAAP diluted EPS of $1.00 to $1.10
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.