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Itron Inc.

Thu., Feb. 14, 2013, midnight

Liberty Lake provider of utility products

Stock symbol: ITRI
Reporting period:

4Q 2012


$15.9 million

40 cents per share

Versus 4Q 2011:

Loss of $54.5 million

$1.35 per share

Revenue: $523 million for the fourth quarter, $2.2 billion for 2012
Analysis: Fourth-quarter revenues declined from 2011’s $642 million.

However, CEO Philip Mezey said, “Base business revenues excluding large OpenWay contracts grew 6 percent. Non-GAAP earnings for the quarter were impacted by higher product development, sales and marketing expenses as we prepare for new projects developing in nearly every major region.”


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