XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Revenues $ 581,625 $ 615,462 $ 1,795,537 $ 1,827,973
Cost of revenues        
Cost of revenues 362,080 405,864 1,135,155 1,202,536
Gross profit 219,545 209,598 660,382 625,437
Operating expenses        
Sales, general and administrative 83,139 79,639 257,665 254,023
Research and development 50,032 51,237 153,932 156,691
Amortization of intangible assets 4,403 4,814 13,425 13,311
Restructuring 188 (723) 872 (624)
Loss on sale of business 0 698 79 656
Total operating expenses 137,762 135,665 425,973 424,057
Operating income 81,783 73,933 234,409 201,380
Other income (expense)        
Interest income 13,569 13,420 37,582 22,394
Interest expense (5,647) (5,605) (16,888) (9,788)
Other income (expense), net 996 677 1,359 695
Total other income (expense) 8,918 8,492 22,053 13,301
Income before income taxes 90,701 82,425 256,462 214,681
Income tax provision (24,478) (3,515) (56,137) (32,124)
Net income 66,223 78,910 200,325 182,557
Net income attributable to noncontrolling interests 610 951 898 1,559
Net income attributable to Itron, Inc. $ 65,613 $ 77,959 $ 199,427 $ 180,998
Net income per common share - Basic $ 1.43 $ 1.73 $ 4.38 $ 3.98
Net income per common share - Diluted $ 1.41 $ 1.70 $ 4.30 $ 3.91
Weighted average common shares outstanding - Basic 45,746 44,982 45,574 45,458
Weighted average common shares outstanding - Diluted 46,660 45,839 46,405 46,239
Product revenues        
Revenues        
Revenues $ 494,323 $ 538,249 $ 1,534,648 $ 1,598,978
Cost of revenues        
Cost of revenues 319,238 362,579 1,003,074 1,076,033
Service revenues        
Revenues        
Revenues 87,302 77,213 260,889 228,995
Cost of revenues        
Cost of revenues $ 42,842 $ 43,285 $ 132,081 $ 126,503