<SEC-DOCUMENT>0001157523-18-002305.txt : 20181105
<SEC-HEADER>0001157523-18-002305.hdr.sgml : 20181105
<ACCEPTANCE-DATETIME>20181105161030
ACCESSION NUMBER:		0001157523-18-002305
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181105
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181105
DATE AS OF CHANGE:		20181105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITRON INC /WA/
		CENTRAL INDEX KEY:			0000780571
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				911011792
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22418
		FILM NUMBER:		181160006

	BUSINESS ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019
		BUSINESS PHONE:		5099249900

	MAIL ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITRON INC
		DATE OF NAME CHANGE:	19920724
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51894556.htm
<DESCRIPTION>ITRON, INC. 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 30%">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br>
    </p>
    <div style="text-align:center">
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          &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>November 5, 2018</b>
          </p>
        </td>
        <td style="width: 35%">

        </td>
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        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date of Report (Date of Earliest Event Reported)
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    </div>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
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          &#160;
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        <td style="text-align: center; width: 50%; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>ITRON, INC.</b>
          </p>
        </td>
        <td style="width: 25%">

        </td>
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      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Exact Name of Registrant as Specified in its Charter)
          </p>
        </td>
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    <p style="text-align: center">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Washington</b>
          </p>
        </td>
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          &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>000-22418</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
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        <td style="white-space: nowrap; text-align: center; width: 30%; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>91-1011792</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 30%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction<br>of Incorporation)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: center; width: 30%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File No.)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: center; width: 30%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 95%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2111 N. Molter Road, Liberty Lake, WA&#160;&#160;99019</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of Principal Executive Offices, Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 95%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
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        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(509) 924-9900</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Registrant&#8217;s Telephone Number, Including Area Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 95%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
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          &#160;
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      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Former Name or Former Address, if Changed Since Last Report)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: justify">
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: right; width: 96%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Emerging growth company
          </p>
        </td>
        <td style="text-align: right; width: 2%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
          </p>
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          &#160;
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        <td style="text-align: left; width: 96%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            If an emerging growth company, indicate by check mark if the
            registrant has elected not to use the extended transition period
            for complying with any new or revised &#64257;nancial accounting
            standards provided pursuant to Section 13(a) of the Exchange Act.
          </p>
        </td>
        <td style="text-align: right; width: 2%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
          </p>
        </td>
        <td style="width: 2%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 2.02</b>
          </p>
        </td>
        <td style="text-align: left; width: 90%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Results of Operations and Financial Condition.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="text-align: left; width: 90%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            On November 5, 2018, Itron, Inc. (the Company) issued a press
            release announcing its financial results for the three and nine
            months ended September 30, 2018. A copy of this press release and
            accompanying financial statements are attached as Exhibit 99.1.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01</b>
          </p>
        </td>
        <td style="text-align: left; width: 90%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify; margin-left: 30.0px">
      (d)&#160;&#160;Exhibits.
    </p>
    <p style="white-space: nowrap">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;Exhibit
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;Number
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="text-align: left; width: 88%; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Description
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; width: 10%; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;99.1
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 88%; padding-left: 0.0px" valign="top">
          Press Release dated November 5, 2018.*
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      *&#160;&#160;This exhibit is intended to be furnished and shall not be deemed
      &quot;filed&quot; for purposes of the Exchange Act.
    </p>
    <p>
      The information presented in this Current Report on Form 8-K may contain
      forward-looking statements within in the meaning of the Private
      Securities Litigation Reform Act of 1995.&#160;&#160;These statements relate to
      our expectations about revenues, operations, financial performance,
      earnings, earnings per share, cash flows, and other financial results.
      Although we believe the estimates and assumptions upon which these
      forward-looking statements are based are reasonable, any of these
      estimates or assumptions could prove to be inaccurate and the
      forward-looking statements based on these estimates and assumptions
      could be incorrect. Our operations involve risks and uncertainties, many
      of which are outside our control, and any one of which, or a combination
      of which, could materially affect our results of operations and whether
      the forward-looking statements ultimately prove to be correct. Actual
      results and trends in the future may differ materially from those
      suggested or implied by the forward-looking statements depending on a
      variety of factors. Some of the factors that we believe could affect our
      results include our ability to execute on our restructuring plans, our
      ability to achieve estimated cost savings, the rate and timing of
      customer demand for our products, rescheduling of current customer
      orders, changes in estimated liabilities for product warranties, adverse
      impacts of litigation, changes in laws and regulations, our dependence
      on new product development and intellectual property, future
      acquisitions, changes in estimates for stock-based and bonus
      compensation, increasing volatility in foreign exchange rates,
      international business risks and other factors that are more fully
      described in our Annual Report on Form 10-K for the year ended December
      31, 2017 and other reports on file with the Securities and Exchange
      Commission. The Company undertakes no obligation to update or revise any
      information.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, hereunto duly authorized.
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 50%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ITRON, INC.
          </p>
        </td>
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        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">
          &#160;
        </td>
      </tr>
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        <td style="text-align: left; width: 50%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated: November 5, 2018
          </p>
        </td>
        <td style="text-align: left; width: 5%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="text-align: left; width: 45%; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Joan S. Hooper
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Joan S. Hooper
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="text-align: left; width: 10%; border-bottom-width: 1.0pt; padding-left: 10.0px; border-bottom-style: solid; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit<br>Number
          </p>
        </td>
        <td style="text-align: left; width: 2%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; width: 88%; border-bottom-width: 1.0pt; padding-left: 5.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;Description
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 88%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; width: 10%; padding-right: 0.0px; padding-left: 10.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51894556ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; width: 88%; padding-left: 10.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51894556ex99_1.htm">Press release dated November 5,
            2018.*</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      *&#160;&#160;This exhibit is intended to be furnished and shall not be deemed
      &quot;filed&quot; for purposes of the Exchange Act.
    </p>
  </body>
</html>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51894556ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Itron
      Announces Third Quarter 2018 Financial Results</b></font>
    </p>
    <p>
      LIBERTY LAKE, Wash.--(BUSINESS WIRE)--November 5, 2018--Itron, Inc.
      (NASDAQ:ITRI) announced today financial results for its third quarter
      ended Sept. 30, 2018. Key results for the quarter include:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Revenue of $596 million, compared with $487 million in the third
        quarter of 2017;
      </li>
      <li style="margin-bottom: 10.0px">
        Gross margin of 33.1 percent, compared with 34.1 percent in the third
        quarter of 2017;
      </li>
      <li style="margin-bottom: 10.0px">
        GAAP diluted earnings per share (EPS) of 50 cents, compared with 65
        cents in the third quarter of 2017;
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP diluted EPS of $1.13, compared with 77 cents in the third
        quarter of 2017;
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted EBITDA of $81 million, compared with $58 million in the third
        quarter of 2017; and
      </li>
      <li style="margin-bottom: 10.0px">
        Total backlog of $3.1 billion, compared with $1.5 billion at the end
        of the third quarter of 2017.
      </li>
    </ul>
    <p>
      &quot;Our third quarter results were in line with our expectations,&quot; said
      Philip Mezey, Itron's president and chief executive officer. &quot;We
      achieved strong revenue growth year over year - both organic and through
      the addition of the Networks segment - and have seen significant
      improvement year over year and sequentially in our operating income.
    </p>
    <p>
      &quot;However, we continue to experience external and operational supply
      chain headwinds, which are expected to remain in the fourth quarter and
      into 2019,&quot; continued Mezey. &quot;We are executing on initiatives to
      mitigate these cost headwinds, but extended lead times and component
      shortages are now impacting our top line, resulting in lower revenue
      guidance for the full year 2018.
    </p>
    <p>
      &#8220;We believe these headwinds will subside somewhat in 2019 and do not
      change our fundamental long-term model. We continue to implement our
      operational restructuring programs and integration of recent
      acquisitions, deliver new and innovative products to market and execute
      our strategy.&#8221;
    </p>
    <p>
      <b>Summary of Third Quarter Consolidated Financial Results</b><br>(All
      comparisons made are against the prior year period unless otherwise
      noted)
    </p>
    <p>
      <u>Revenue</u>
    </p>
    <p>
      Total revenue of $596 million increased 22 percent in the third quarter.
      Excluding $90 million from the acquired Networks segment, total revenue
      increased 4 percent.
    </p>
    <p>
      Gas segment revenue grew 19 percent driven by record North America
      communication module shipments. Electricity segment revenues were in
      line with the prior year and Water revenue, while decreasing 2 percent
      as reported, was up 1 percent excluding changes in foreign exchange
      rates.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u>Gross Margin</u>
    </p>
    <p>
      Consolidated company gross margin of 33.1 percent decreased from 34.1
      percent in the prior year. The decline was primarily driven by higher
      component and commodity costs, supply chain inefficiencies and the
      release of special warranty reserves in the prior year.
    </p>
    <p>
      <u>Operating Expenses and Operating Income</u>
    </p>
    <p>
      GAAP operating expenses of $155 million and non-GAAP operating expenses
      of $127 million increased compared with last year, driven by the
      acquired operations. Excluding the Silver Spring Networks acquisition,
      operating expenses were down year-over-year due to lower discretionary
      spending, including variable compensation, and benefits from
      restructuring initiatives.
    </p>
    <p>
      GAAP operating income increased to $42 million from $38 million in the
      third quarter of 2017. Non-GAAP operating income increased to $70
      million from $50 million in 2017 driven by increased gross profit from
      the Silver Spring Networks acquisition and the Gas segment as well as
      cost controls.
    </p>
    <p>
      <u>Net Income and Earnings per Share</u>
    </p>
    <p>
      Net income attributable to Itron for the quarter was $20 million, or 50
      cents per diluted share, a decrease from net income of $26 million, or
      65 cents per diluted share, in 2017. Net income decreased due to $11
      million in higher interest expense related to acquisition financing,
      partially offset by higher operating income and lower tax expense.
    </p>
    <p>
      Non-GAAP net income, which excludes certain charges including
      restructuring, acquisition and integration-related expenses, and
      amortization of intangible assets and debt placement fees, was $45
      million, or $1.13 per diluted share, compared with $31 million, or 77
      cents per diluted share, in 2017. The increase in non-GAAP EPS was due
      to higher non-GAAP operating income and a lower effective tax rate,
      partially offset by higher interest expense.
    </p>
    <p>
      <u>Cash Flow</u>
    </p>
    <p>
      Net cash provided by operating activities was $51 million in the third
      quarter compared with $21 million in the same quarter of 2017. Free cash
      flow was $37 million in the third quarter compared with $9 million in
      the prior year. Higher cash flow was driven primarily by increased
      profitability and improved working capital.
    </p>
    <p>
      <b>Other Measures</b>
    </p>
    <p>
      Total backlog was $3.1 billion and 12 month backlog was $1.4 billion at
      the end of the quarter, compared with $1.5 billion and $847 million,
      respectively, in the prior year quarter. Bookings in the quarter totaled
      $593 million.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Financial Guidance Update</b>
    </p>
    <p>
      Itron's guidance for the full year 2018 is as follows:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Revenue between $2.370 - $2.390 billion from previous guidance of
        $2.425 to $2.475 billion
      </li>
      <li style="margin-bottom: 10.0px">
        Non-GAAP diluted EPS between $2.40 - $2.50 from previous guidance of
        $2.75 - $2.90
      </li>
    </ul>
    <p>
      The revised guidance assumes a Euro to U.S. dollar foreign currency
      exchange rate of 1.15 on average in the fourth quarter of 2018, average
      fully diluted shares outstanding of approximately 40 million for the
      year, non-GAAP effective tax rate for the year of approximately 27
      percent and total interest expense of approximately $51 million for the
      year. A reconciliation of forward-looking non-GAAP diluted EPS to the
      GAAP diluted EPS has not been provided because we are unable to predict
      with reasonable certainty the potential amount or timing of
      restructuring and acquisition and integration-related expenses and their
      related tax effects without unreasonable effort. These items are
      uncertain, depend on various factors and could have a material impact on
      GAAP results for the guidance period.
    </p>
    <p>
      <b>Earnings Conference Call</b>
    </p>
    <p>
      Itron will host a conference call to discuss the financial results and
      guidance contained in this release at 5 p.m. EST on Nov. 5, 2018. The
      call will be webcast in a listen-only mode. Webcast information and
      conference call materials will be made available 10 minutes before the
      start of the call and will be accessible on Itron&#8217;s website at <u>http://investors.itron.com/events.cfm</u>.
      A replay of the audio webcast will be made available at <u>http://investors.itron.com/events.cfm</u>.
      A telephone replay of the conference call will be available through Nov.
      10, 2018. To access the telephone replay, dial 888-203-1112 or
      719-457-0820, and enter passcode <b>5203944</b>.
    </p>
    <p>
      <b>About Itron</b>
    </p>
    <p>
      Itron enables utilities and cities to safely, securely and reliably
      deliver critical infrastructure services to communities in more than 100
      countries. Our portfolio of smart networks, software, services, meters
      and sensors helps our customers better manage electricity, gas and water
      resources for the people they serve. By working with our customers to
      ensure their success, we help improve the quality of life, ensure the
      safety and promote the well-being of millions of people around the
      globe. Itron is dedicated to creating a more resourceful world. Join us: <u>www.itron.com</u>.
    </p>
    <p>
      Itron&#174; and OpenWay&#174; are registered trademarks of Itron, Inc. All
      third-party trademarks are property of their respective owners and any
      usage herein does not suggest or imply any relationship between Itron
      and the third party unless expressly stated.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      This release contains forward-looking statements within in the meaning
      of the Private Securities Litigation Reform Act of 1995. These
      statements relate to our expectations about revenues, operations,
      financial performance, earnings, earnings per share and cash flows.
      Although we believe the estimates and assumptions upon which these
      forward-looking statements are based are reasonable, any of these
      estimates or assumptions could prove to be inaccurate and the
      forward-looking statements based on these estimates and assumptions
      could be incorrect. Our operations involve risks and uncertainties, many
      of which are outside our control, and any one of which, or a combination
      of which, could materially affect our results of operations and whether
      the forward-looking statements ultimately prove to be correct. Actual
      results and trends in the future may differ materially from those
      suggested or implied by the forward-looking statements depending on a
      variety of factors. Some of the factors that we believe could affect our
      results include our ability to achieve estimated cost savings, the rate
      and timing of customer demand for our products, rescheduling of current
      customer orders, changes in estimated liabilities for product
      warranties, adverse impacts of litigation, changes in laws and
      regulations, our dependence on new product development and intellectual
      property, future acquisitions, changes in estimates for stock-based and
      bonus compensation, increasing volatility in foreign exchange rates,
      international business risks and other factors that are more fully
      described in our Annual Report on Form 10-K for the year ended Dec. 31,
      2017 and other reports on file with the Securities and Exchange
      Commission. Itron undertakes no obligation to update or revise any
      information in this press release.
    </p>
    <p>
      <b>Non-GAAP Financial Information</b>
    </p>
    <p>
      To supplement our consolidated financial statements presented in
      accordance with GAAP, we use certain non-GAAP financial measures,
      including non-GAAP operating expense, non-GAAP operating income,
      non-GAAP net income, non-GAAP diluted EPS, adjusted EBITDA, adjusted
      EBITDA margin, constant currency and free cash flow. We provide these
      non-GAAP financial measures because we believe they provide greater
      transparency and represent supplemental information used by management
      in its financial and operational decision making. We exclude certain
      costs in our non-GAAP financial measures as we believe the net result is
      a measure of our core business. The company believes these measures
      facilitate operating performance comparisons from period to period by
      eliminating potential differences caused by the existence and timing of
      certain expense items that would not otherwise be apparent on a GAAP
      basis. Non-GAAP performance measures should be considered in addition
      to, and not as a substitute for, results prepared in accordance with
      GAAP. Our non-GAAP financial measures may be different from those
      reported by other companies. A more detailed discussion of why we use
      non-GAAP financial measures, the limitations of using such measures, and
      reconciliations between non-GAAP and the nearest GAAP financial measures
      are included in this press release.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="17">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="17">
          <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="7">
          (Unaudited, in thousands, except per share data)
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Three Months Ended</b><br><b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Nine Months Ended</b><br><b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Revenues
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Product revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          525,716
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          433,984
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,578,740
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,321,062
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Service revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          70,246
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          52,763
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          210,333
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          146,359
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Total revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          595,962
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          486,747
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,789,073
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,467,421
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Cost of revenues
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Product cost of revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          357,194
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          284,762
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,106,586
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          865,288
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Service cost of revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          41,671
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          36,230
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          128,958
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          100,464
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Total cost of revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          398,865
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          320,992
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,235,544
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          965,752
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Gross profit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          197,097
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          165,755
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          553,529
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          501,669
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Operating expenses
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Sales and marketing
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          47,204
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          40,529
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          144,573
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          126,298
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Product development
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          47,239
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          42,455
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          162,298
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          126,246
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          General and administrative
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          42,352
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,598
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          188,260
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          119,883
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          17,960
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          53,699
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,144
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          666
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (678
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          82,908
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          7,417
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          155,421
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          127,529
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          631,738
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          394,988
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Operating income (loss)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          41,676
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          38,226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (78,209
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          106,681
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Other income (expense)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Interest income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          431
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          729
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,725
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,468
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Interest expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (14,171
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,466
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (44,320
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (10,076
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (2,434
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (1,995
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (2,598
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (7,951
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Total other income (expense)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (16,174
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (4,732
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (45,193
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (16,559
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          25,502
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          33,494
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (123,402
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          90,122
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Income tax benefit (provision)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (5,715
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (6,640
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,692
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (32,247
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Net income (loss)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          19,787
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          26,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (121,710
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          57,875
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Net income (loss) attributable to noncontrolling interests
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (95
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,278
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,417
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          2,357
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Net income (loss) attributable to Itron, Inc.
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          19,882
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          25,576
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (123,127
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          55,518
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Earnings (loss) per common share - Basic
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          0.51
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          0.66
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (3.14
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1.44
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Earnings (loss) per common share - Diluted
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          0.50
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          0.65
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (3.14
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1.41
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Weighted average common shares outstanding - Basic
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,340
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          38,713
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,177
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          38,624
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Weighted average common shares outstanding - Diluted
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,909
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,467
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,177
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,339
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="17">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="17">
          <b>SEGMENT INFORMATION</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          (Unaudited, in thousands)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Three Months Ended</b><br><b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Nine Months Ended</b><br><b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Product revenues</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          198,026
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          199,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          624,139
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          620,958
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          148,660
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          124,556
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          408,300
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          372,555
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          106,653
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          109,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          350,814
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          327,549
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          72,377
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          195,487
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          525,716
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          433,984
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1,578,740
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1,321,062
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Service revenues</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          38,816
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          40,358
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          115,686
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          108,267
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          8,087
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          23,218
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          22,136
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,931
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,181
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          17,601
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,956
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          17,412
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          53,828
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          70,246
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          52,763
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          210,333
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          146,359
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          236,842
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          240,142
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          739,825
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          729,225
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          156,747
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          131,780
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          431,518
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          394,691
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          112,584
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          114,825
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          368,415
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          343,505
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          89,789
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          249,315
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          595,962
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          486,747
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1,789,073
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1,467,421
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Gross profit</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          74,549
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          76,492
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          221,511
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          222,387
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          55,812
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          46,529
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          139,826
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          147,880
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          35,139
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          42,734
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          110,779
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          131,402
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          31,597
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          81,413
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          197,097
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          165,755
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          553,529
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          501,669
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Operating income (loss)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          25,853
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          17,317
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          52,082
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          52,240
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          31,279
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          20,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          18,176
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          59,177
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          6,859
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,032
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,973
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          40,702
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (15,624
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (119,353
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Corporate unallocated
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (6,691
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (14,592
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (33,087
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (45,438
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total Company
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          41,676
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          38,226
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (78,209
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          106,681
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="12">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="12">
          <b>METER AND MODULE SUMMARY</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          (Units in thousands)
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="4">
          <b>Three Months Ended</b><br><b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>Nine Months Ended</b><br><b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Meters</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Standard
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,050
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,640
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12,220
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12,000
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Smart
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          2,460
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          2,590
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          8,390
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          7,600
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total meters
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          6,510
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          6,230
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          20,610
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          19,600
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Stand-alone communication modules and cards</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Smart
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2,970
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1,480
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          7,980
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          4,410
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <sup>(1)</sup>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          The Networks segment shipped an immaterial number of meters during
          the three and nine months ended September 30, 2018.
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          The Networks segment shipped approximately 1,090 thousand and 3,140
          thousand network interface cards, respectively, during the three and
          nine months ended September 30, 2018.
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="4">
          The stand-alone communication modules and cards category includes
          communicating radio modules shipped in Electric, Gas and Water
          segments and network interface cards, the primary product sold by
          our Networks segment.
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>CONSOLIDATED BALANCE SHEETS</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          (Unaudited, in thousands)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>September 30, 2018</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>December 31, 2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Current assets
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          109,044
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          176,274
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          449,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          398,029
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Inventories
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          208,038
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          193,835
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Other current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          101,511
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          81,604
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          868,185
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          849,742
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Property, plant, and equipment, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          220,795
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          200,768
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Deferred tax assets, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          56,874
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          49,971
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Restricted cash
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,055
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          311,010
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Other long-term assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          48,746
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          43,666
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Intangible assets, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          278,192
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          95,228
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Goodwill
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,121,895
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          555,762
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2,596,742
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2,106,147
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>LIABILITIES AND EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Current liabilities
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          274,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          262,166
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          72,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          56,736
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Wages and benefits payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          101,491
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          90,505
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Taxes payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          20,558
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          16,100
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Current portion of debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          24,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          19,688
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Current portion of warranty
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          29,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          21,150
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Unearned revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          92,350
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          41,438
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          615,845
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          507,783
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Long-term debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,005,377
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          593,572
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Long-term warranty
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          13,624
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          13,712
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Pension benefit obligation
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          96,081
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          95,717
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Deferred tax liabilities, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,462
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,525
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Other long-term obligations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          152,021
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          88,206
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Total liabilities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,884,410
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,300,515
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Equity
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,326,719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,294,767
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Accumulated other comprehensive loss, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (185,246
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (170,478
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Accumulated deficit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (449,273
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (337,873
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Total Itron, Inc. shareholders' equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          692,200
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          786,416
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Non-controlling interests
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          20,132
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          19,216
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Total equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          712,332
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          805,632
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          Total liabilities and equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2,596,742
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2,106,147
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="10">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="10">
          <b>CONSOLIDATED STATEMENTS OF CASH FLOWS</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          (Unaudited, in thousands)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Nine Months Ended September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Operating activities
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Net income (loss)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (121,710
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          57,875
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Adjustments to reconcile net income (loss) to net cash provided by
          (used in) operating activities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          92,428
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          46,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Stock-based compensation
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          23,069
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,254
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of prepaid debt fees
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,825
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          800
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Deferred taxes, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (13,141
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,615
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring, non-cash
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          569
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (720
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Other adjustments, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (30
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,111
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Changes in operating assets and liabilities, net of acquisitions
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Accounts receivable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,774
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,537
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Inventories
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (10,072
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (30,843
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Other current assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (9,797
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (23,492
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Other long-term assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,817
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          10,460
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Accounts payable, other current liabilities, and taxes payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          4,494
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          34,987
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Wages and benefits payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,166
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          6,218
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Unearned revenue
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          27,869
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (5,679
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Warranty
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,167
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (10,285
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Other operating, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          50,955
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          663
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          67,383
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          114,501
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Investing activities
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Acquisitions of property, plant, and equipment
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (42,493
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (33,493
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Business acquisitions, net of cash equivalents acquired
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (803,075
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (98,848
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Other investing, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (181
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          10
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net cash used in investing activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (845,749
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (132,331
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Financing activities
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Proceeds from borrowings
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          611,938
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          35,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Payments on debt
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (182,297
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (24,844
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Issuance of common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          8,283
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,797
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Prepaid debt fees
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (24,042
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Other financing, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (5,526
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          1,216
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net cash provided by (used in) financing activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          408,356
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          14,169
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Effect of foreign exchange rate changes on cash, cash equivalents,
          and restricted cash
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (6,175
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          7,680
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          Decrease in cash, cash equivalents, and restricted cash
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (376,185
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          4,019
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Cash, cash equivalents, and restricted cash at beginning of period
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          487,335
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          133,565
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="3">
          Cash, cash equivalents, and restricted cash at end of period
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          111,150
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          137,584
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>About Non-GAAP Financial Measures</b>
    </p>
    <p>
      The accompanying press release contains non-GAAP financial measures. To
      supplement our consolidated financial statements, which are prepared in
      accordance with GAAP, we use certain non-GAAP financial measures,
      including non-GAAP operating expense, non-GAAP operating income,
      non-GAAP net income, non-GAAP diluted EPS, adjusted EBITDA, constant
      currency and free cash flow. The presentation of this financial
      information is not intended to be considered in isolation or as a
      substitute for, or superior to, the financial information prepared and
      presented in accordance with GAAP, and other companies may define such
      measures differently. For more information on these non-GAAP financial
      measures please see the table captioned &#8220;Reconciliations of Non-GAAP
      Financial Measures to Most Directly Comparable GAAP Financial Measures.&#8221;
    </p>
    <p>
      We use these non-GAAP financial measures for financial and operational
      decision making and/or as a means for determining executive
      compensation. Management believes that these non-GAAP financial measures
      provide meaningful supplemental information regarding our performance
      and ability to service debt by excluding certain expenses that may not
      be indicative of our recurring core operating results. These non-GAAP
      financial measures facilitate management&#8217;s internal comparisons to our
      historical performance as well as comparisons to our competitors&#8217;
      operating results. Our executive compensation plans exclude non-cash
      charges related to amortization of intangibles and certain discrete cash
      and non-cash charges such as acquisition and integration related
      expenses, restructuring charges or goodwill impairment charges. We
      believe that both management and investors benefit from referring to
      these non-GAAP financial measures in assessing our performance and when
      planning, forecasting and analyzing future periods. We believe these
      non-GAAP financial measures are useful to investors because they provide
      greater transparency with respect to key metrics used by management in
      its financial and operational decision making and because they are used
      by our institutional investors and the analyst community to analyze the
      health of our business.
    </p>
    <p>
      <u>Non-GAAP operating expenses and non-GAAP operating income</u> - We
      define non-GAAP operating expenses as operating expenses excluding
      certain expenses related to the amortization of intangible assets,
      restructuring, acquisition and integration, and goodwill impairment. We
      define non-GAAP operating income as operating income excluding the
      expenses related to the amortization of intangible assets,
      restructuring, acquisition and integration, and goodwill impairment.
      Acquisition and integration related expenses include costs which are
      incurred to affect and integrate business combinations, such as
      professional fees, certain employee retention and salaries related to
      integration, severances, contract terminations, travel costs related to
      knowledge transfer, system conversion costs, and asset impairment
      charges. We consider these non-GAAP financial measures to be useful
      metrics for management and investors because they exclude the effect of
      expenses that are related to acquisitions and restructuring projects. By
      excluding these expenses, we believe that it is easier for management
      and investors to compare our financial results over multiple periods and
      analyze trends in our operations. For example, in certain periods
      expenses related to amortization of intangible assets may decrease,
      which would improve GAAP operating margins, yet the improvement in GAAP
      operating margins due to this lower expense is not necessarily
      reflective of an improvement in our core business. There are some
      limitations related to the use of non-GAAP operating expenses and
      non-GAAP operating income versus operating expenses and operating income
      calculated in accordance with GAAP. We compensate for these limitations
      by providing specific information about the GAAP amounts excluded from
      non-GAAP operating expense and non-GAAP operating income and evaluating
      non-GAAP operating expense and non-GAAP operating income together with
      GAAP operating expense and GAAP operating income.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u>Non-GAAP net income and non-GAAP diluted EPS</u> - We define non-GAAP
      net income as net income attributable to Itron, Inc. excluding the
      expenses associated with amortization of intangible assets,
      restructuring, acquisition and integration, goodwill impairment,
      amortization of debt placement fees, the transition to the Tax Cuts and
      Jobs Act, and the tax effect of excluding these expenses. We define
      non-GAAP diluted EPS as non-GAAP net income divided by the weighted
      average shares, on a diluted basis, outstanding during each period. We
      consider these financial measures to be useful metrics for management
      and investors for the same reasons that we use non-GAAP operating
      income. The same limitations described above regarding our use of
      non-GAAP operating income apply to our use of non-GAAP net income and
      non-GAAP diluted EPS. We compensate for these limitations by providing
      specific information regarding the GAAP amounts excluded from these
      non-GAAP measures and evaluating non-GAAP net income and non-GAAP
      diluted EPS together with GAAP net income attributable to Itron, Inc.
      and GAAP diluted EPS.
    </p>
    <p>
      <u>Adjusted EBITDA</u> - We define adjusted EBITDA as net income (a)
      minus interest income, (b) plus interest expense, depreciation and
      amortization, restructuring, acquisition and integration related
      expense, goodwill impairment and (c) excluding income tax provision or
      benefit. Management uses adjusted EBITDA as a performance measure for
      executive compensation. A limitation to using adjusted EBITDA is that it
      does not represent the total increase or decrease in the cash balance
      for the period and the measure includes some non-cash items and excludes
      other non-cash items. Additionally, the items that we exclude in our
      calculation of adjusted EBITDA may differ from the items that our peer
      companies exclude when they report their results. We compensate for
      these limitations by providing a reconciliation of this measure to GAAP
      net income.
    </p>
    <p>
      <u>Free cash flow</u> - We define free cash flow as net cash provided by
      operating activities less cash used for acquisitions of property, plant
      and equipment. We believe free cash flow provides investors with a
      relevant measure of liquidity and a useful basis for assessing our
      ability to fund our operations and repay our debt. The same limitations
      described above regarding our use of adjusted EBITDA apply to our use of
      free cash flow. We compensate for these limitations by providing
      specific information regarding the GAAP amounts and reconciling to free
      cash flow.
    </p>
    <p>
      <u>Constant currency</u> - We refer to the impact of foreign currency
      exchange rate fluctuations in our discussions of financial results,
      which references the differences between the foreign currency exchange
      rates used to translate operating results from local currencies into
      U.S. dollars for financial reporting purposes. We also use the term
      &#8220;constant currency,&#8221; which represents financial results adjusted to
      exclude changes in foreign currency exchange rates as compared with the
      rates in the comparable prior year period. We calculate the constant
      currency change as the difference between the current period results and
      the comparable prior period&#8217;s results restated using current period
      foreign currency exchange rates.
    </p>
    <p>
      The accompanying tables have more detail on the GAAP financial measures
      that are most directly comparable to the non-GAAP financial measures and
      the related reconciliations between these financial measures.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="18">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>TO THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="4">
          (Unaudited, in thousands, except per share data)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="4">
          <b>TOTAL COMPANY RECONCILIATIONS</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Three Months Ended September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Nine Months Ended September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP NET INCOME &amp; DILUTED EPS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          GAAP net income (loss) attributable to Itron, Inc.
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          19,882
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          25,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (123,127
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          55,518
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          17,960
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          53,699
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,144
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of debt placement fees
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,178
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          242
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,693
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          725
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          666
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (678
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          82,908
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,417
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          10,079
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          83,874
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          14,044
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Income tax effect of non-GAAP adjustments
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (4,719
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (7,423
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (32,451
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (12,153
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Non-GAAP net income attributable to Itron, Inc.
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          45,046
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          30,585
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          70,596
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          80,695
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Non-GAAP diluted EPS
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1.13
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          0.77
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          1.77
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          2.05
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Weighted average common shares outstanding - Diluted
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom" colspan="2">
          39,909
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom" colspan="2">
          39,467
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom" colspan="2">
          39,825
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom" colspan="2">
          39,339
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>ADJUSTED EBITDA</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          GAAP net income (loss) attributable to Itron, Inc.
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          19,882
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          25,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (123,127
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          55,518
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Interest income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (431
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (729
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,725
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,468
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Interest expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          14,171
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,466
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          44,320
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          10,076
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Income tax provision (benefit)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,715
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          6,640
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,692
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          32,247
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          30,449
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          16,532
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          92,428
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          46,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          666
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (678
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          82,908
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,417
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          10,079
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          7,243
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          83,874
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          14,044
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Adjusted EBITDA
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          80,531
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          58,050
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          176,986
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          163,834
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>FREE CASH FLOW</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Net cash provided (used) by operating activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          50,504
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          21,057
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          67,383
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          114,501
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisitions of property, plant, and equipment
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (13,184
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (11,595
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (42,493
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (33,493
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Free Cash Flow
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          37,320
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          9,462
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          24,890
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          81,008
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          GAAP operating income (loss)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          41,676
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          38,226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (78,209
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          106,681
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          17,960
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          5,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          53,699
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,144
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          666
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (678
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          82,908
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          7,417
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          10,079
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          7,243
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          83,874
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          14,044
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Non-GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          70,381
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          50,416
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          142,272
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          143,286
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING EXPENSES</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          GAAP operating expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          155,421
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          127,529
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          631,738
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          394,988
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (17,960
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (5,625
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (53,699
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (15,144
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (666
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          678
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (82,908
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (7,417
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (10,079
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (7,243
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (83,874
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (14,044
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Non-GAAP operating expenses
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          126,716
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          115,339
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          411,257
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          358,383
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="18">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>ITRON, INC.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="18">
          <b>TO THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="4">
          (Unaudited, in thousands)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="4">
          <b>SEGMENT RECONCILIATIONS</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Three Months Ended September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="6">
          <b>Nine Months Ended September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME - ELECTRICITY</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity - GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          25,853
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          17,317
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          52,082
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          52,240
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,772
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          8,494
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          8,350
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          350
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          19,805
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,557
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense (recovery)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          45
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          3,586
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (876
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          9,787
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Electricity - Non-GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          29,020
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          25,390
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          79,505
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          71,934
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME - GAS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas - GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          31,279
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          20,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          18,176
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          59,177
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,078
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          1,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,309
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          3,961
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (669
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          (706
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          40,792
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          4,717
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Gas - Non-GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          31,688
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          21,138
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          62,277
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          67,855
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME - WATER</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Water - GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6,859
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          15,032
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,973
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          40,702
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          809
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          990
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,452
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          2,833
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          639
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,567
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          15,632
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          446
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          49
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          49
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Water - Non-GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          8,356
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          14,455
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          22,106
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          43,981
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME - NETWORKS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks - GAAP operating loss
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (15,624
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (119,353
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          13,301
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          39,444
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          9,381
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          83,940
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Networks - Non-GAAP operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          7,058
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          4,031
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-style: double; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>NON-GAAP OPERATING INCOME - CORPORATE UNALLOCATED</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom" colspan="2">
          Corporate unallocated - GAAP operating loss
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (6,691
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (14,592
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (33,087
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (45,438
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          Restructuring
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          346
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          368
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          6,679
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          697
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          Acquisition and integration related expense
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          604
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          3,657
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          761
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black" valign="bottom" colspan="2">
          4,257
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom" colspan="2">
          Corporate unallocated - Non-GAAP operating loss
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (5,741
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (10,567
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (25,647
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          (40,484
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px; border-bottom-style: double; border-bottom-color: black" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Itron, Inc.</b><br>Kenneth P. Gianella, 669-770-4643<br>Vice
      President, Investor Relations<br>or<br>Rebecca Hussey, 509-891-3574<br>Manager,
      Investor Relations
    </p>
    <p>

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
