February 13, 2014 in Business

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.

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