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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 607,151 $ 603,442
Cost of revenues    
Cost of revenues 389,932 398,063
Gross profit 217,219 205,379
Operating expenses    
Sales, general and administrative 86,911 85,971
Research and development 50,090 52,401
Amortization of Intangible Assets 4,479 3,986
Restructuring (553) 198
Loss on sale of business 79 23
Total operating expenses 141,006 142,579
Operating income 76,213 62,800
Other income (expense)    
Interest income 11,710 3,846
Interest expense 5,593 1,893
Other income (expense), net (51) 463
Total other income (expense) 6,066 2,416
Income before income taxes 82,279 65,216
Income tax provision (16,929) (13,429)
Net income 65,350 51,787
Net income (loss) attributable to noncontrolling interests (124) 66
Net income attributable to Itron, Inc. $ 65,474 $ 51,721
Net income per common share - Basic $ 1.44 $ 1.13
Net income per common share - Diluted $ 1.42 $ 1.12
Weighted average common shares outstanding - Basic 45,338 45,652
Weighted average common shares outstanding - Diluted 46,172 46,357
Product revenues    
Revenues    
Revenues $ 523,141 $ 527,822
Cost of revenues    
Cost of revenues 346,442 356,707
Service revenues    
Revenues    
Revenues 84,010 75,620
Cost of revenues    
Cost of revenues $ 43,490 $ 41,356