Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,173 | $1,982 | $1,796 | $2,174 | $2,441 |
| Gross Profit | $602 | $573 | $522 | $714 | $839 |
| Operating Income | -$10 | -$79 | -$7 | $129 | $264 |
| Net Income | -$58 | -$81 | -$10 | $97 | $239 |
Over the past five years, Itron, Inc. has experienced notable fluctuations in its financial performance. From 2020 to 2022, revenues declined from approximately 2173 million USD to 1796 million USD—a drop of around 17%—while gross profit decreased from 602 million USD to 522 million USD. Notably, the company recorded losses in operating income and net income during this early period, with operating income shifting from a slight loss of 10 million USD in 2020 to a more pronounced loss of 79 million USD in 2021, and net loss widening marginally from 58 million USD to 81 million USD. By 2022, however, the operating loss narrowed significantly to just 7.4 million USD, and the net loss shrank to 9.7 million USD, indicating early signs of stabilization and cost control despite lower revenue. A strong turnaround occurred in 2023 and 2024, when revenue jumped by about 21% to 2174 million USD in 2023 and then increased nearly 12% to 2441 million USD in 2024. This recovery was accompanied by improvements across key profitability metrics: gross profit increased to 714 million USD in 2023 and further to 839 million USD in 2024, while operating income moved into positive territory—128.9 million USD in 2023 and a substantial 264.1 million USD in 2024. Net income followed a similar upward trajectory, turning positive at 96.9 million USD in 2023 and reaching 239.1 million USD in 2024. The significant year-over-year swings, especially the >20% improvements in revenue and profitability from 2022 onward, suggest effective operational adjustments and possibly favorable market dynamics within the energy management and technology sector. Overall, Itron, Inc.’s recent financial health appears robust, with strong revenue recovery and profitability gains supporting a sustainable turnaround.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.