Itron, Inc. reported its financial results for the first quarter of 2025, showing a modest increase in total revenue to $607 million, up 1% compared to the same period last year. The company saw a notable rise in gross profit, which increased by 6% to $217 million. Net income attributable to Itron, Inc. rose by $14 million, reaching $65 million, while GAAP diluted earnings per share increased by $0.30 to $1.42. Non-GAAP diluted EPS also saw an increase, reaching $1.52, up by $0.28 per share. Adjusted EBITDA for the quarter was $88 million, marking a 15% increase. The company also reported a significant improvement in free cash flow, which rose by $33 million to $67 million. Itron attributes its margin expansion and earnings growth to a favorable product mix and strong execution. The demand for grid efficiency, automation, and agile infrastructure solutions remained steady, with utilities increasingly adopting new technologies.
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