Itron Inc.
Liberty Lake provider of utility products
| Stock symbol: ITRI |
| Reporting period:
4Q 2012 |
| Earnings:
$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.” |