Itron Inc., a leading industrial IoT and edge intelligence provider for utilities and cities, reported third quarter 2025 revenue of $582 million, with adjusted EBITDA of $97 million and non-GAAP diluted earnings per share of $1.54. Free cash flow for the quarter was $113 million. The company recorded bookings of $380 million, resulting in a book-to-bill ratio of 0.65 for the quarter and 1.15 over the trailing twelve months. Itron's ending backlog stood at $4.3 billion. The company highlighted growth in recurring revenue from its Outcomes segment, while noting that deployment pace remained impacted by ongoing uncertainty and constraints. Itron serves over 8,000 customers in 100 countries and manages more than 285 million communicating endpoints globally. You can access the full presentation through the link below.