Itron Inc.
Liberty Lake maker of utility products and services
Stock symbol: ITRI |
Reporting period: 4Q |
Earnings:
Loss of $154.4 million $3.93 per share
Versus 4Q 2012: Profit of $15.9 million 41 cents per share
For fiscal 2013: Loss of $146.8 million $3.74 per share Versus fiscal 2012: Profit of $108.3 million $2.71 per share |
Revenue: $524 million. Fourth-quarter revenue in 2012 was $523 million. For the full year, revenue was $1.95 billion, compared with $2.2 billion in 2012. |
Analysis: The company’s fourth-quarter loss was impacted by a $173 million goodwill impairment charge. After charges and adjustments, net profit fell to 36 cents per share, compared with 58 cents a share in 4Q 2012. Itron also announced a share buyback plan for up to $50 million of the company’s common stock. |