Itron reports Q3 EPS 98c, consensus 51c

Reports Q3 revenue $560.77M, consensus $540.37M. Reports Q3 total backlog of $4.3B. “Our third quarter results demonstrate broad-based and strong team execution on customer deliveries that drove acceleration in revenue, gross margin, EBITDA, EPS, and cash flow,” said Tom Deitrich, Itron’s president and CEO. “Our quarter end cash balance of $255 million provides ample liquidity and flexibility as we continue to execute our strategic objectives.”