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 five-year period, Itron, Inc. exhibits a notable turnaround in its financial performance. Between 2020 and 2022, the company experienced a decline in revenue from USD 2,173 million to approximately USD 1,796 million, accompanied by shrinking gross profit margins and persistent operating and net losses. This downtrend, with net income falling from a loss of USD 57.96 million in 2020 to a loss of USD 9.73 million in 2022, signals a period of operational challenges or transitional adjustments. Yet, the downswing was reversed in 2023, as revenue rebounded to USD 2,174 million and gross profit climbed to USD 713.91 million. Operating income notably shifted from a marginal loss of USD 7.44 million in 2022 to a profit of USD 128.87 million in 2023—a significant swing of over 170% improvement—which also translated into a positive net income of USD 96.92 million. The upward momentum continued into 2024, with revenue reaching USD 2,441 million, gross profit improving further to USD 839.32 million, and operating and net income surging to USD 264.11 million and USD 239.11 million, respectively. This turnaround suggests potential improvements in cost control and operational efficiency, possibly supported by better market conditions in the energy and utility sector where Itron operates. The substantial year-over-year recovery from 2022 to 2023, especially the transformation of operating income from a loss to robust profitability, indicates enhanced sustainability prospects. Overall, the data-driven trajectory implies that Itron is on a path toward stronger financial health, with improved profitability margins that bode well for future performance.
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.