Itron | 10-Q: FY2025 Q2 Revenue Misses Estimate at USD 606.76 M

Revenue: As of FY2025 Q2, the actual value is USD 606.76 M, missing the estimate of USD 609.43 M.

EPS: As of FY2025 Q2, the actual value is USD 1.47, beating the estimate of USD 1.2469.

EBIT: As of FY2025 Q2, the actual value is USD 83.48 M.

Device Solutions

• Revenue: $112.76 million for Q2 2025, a decrease of 5% from $118.55 million in Q2 2024.
• Gross Profit: $33.59 million for Q2 2025, with a gross margin of 29.8%, up from 26.3% in Q2 2024.
• Operating Expenses: $8.14 million for Q2 2025, an increase of 8% from $7.51 million in Q2 2024.

Networked Solutions

• Revenue: $408.93 million for Q2 2025, a decrease of 1% from $412.70 million in Q2 2024.
• Gross Profit: $157.24 million for Q2 2025, with a gross margin of 38.5%, up from 36.9% in Q2 2024.
• Operating Expenses: $36.24 million for Q2 2025, an increase of 4% from $34.71 million in Q2 2024.

Outcomes

• Revenue: $85.07 million for Q2 2025, an increase of 9% from $77.82 million in Q2 2024.
• Gross Profit: $32.78 million for Q2 2025, with a gross margin of 38.5%, up from 34.8% in Q2 2024.
• Operating Expenses: $17.10 million for Q2 2025, an increase of 4% from $16.42 million in Q2 2024.

Cash Flow

• Operating Cash Flow: $168.8 million for the six months ended June 30, 2025, compared to $93.0 million for the same period in 2024.
• Free Cash Flow: $158.1 million for the six months ended June 30, 2025, compared to $78.8 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: Itron, Inc. aims to continue optimizing its global supply chain and manufacturing operations, sales and marketing organizations, and other overhead through its restructuring plan approved on February 23, 2023.
• Non-Core Business: The company has authorized a stock repurchase program of up to $100 million over an 18-month period, effective September 19, 2024.