Itron Investor Presentation
CONSOLIDATED GAAP RESULTS: FY'22
$ in millions (except per share amounts)
Revenue
Change in constant currency
Gross margin
Operating loss
Net loss attributable to Itron, Inc.
Loss per share
FY 2022
$1,795.6
FY 2021
$1,981.6
Change
-9%
-6%
29.1%
28.9%
20 bps
($7.4)
($79.3)
NM
($9.7)
($81.3)
NM
($0.22)
($1.83)
NM
>> Revenue down due to component constraints impacting our ability to meet customer demand as well as the sale of C&I
gas business in our Device Solutions segment
>> Gross margin of 29.1% up 20 bps due to favorable mix, partially offset by higher component costs and manufacturing
inefficiencies
>> GAAP operating loss improved due to lower opex driven by less restructuring activities and a loss related to the sale of
C&I gas business in prior year.
>> GAAP net loss decreased due to improved GAAP operating loss and lower interest expense, partially offset by a lower
income tax benefit
Reconciliation of GAAP to Non-GAAP results in Appendix and also available on our website.
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