Description

Itron, Inc.: Initiation Of Coverage 

This is our first report on Itron Inc., a leading provider of end-to-end solutions that measure, manage and analyze energy and water use. The company reported a strong performance for the fourth quarter of 2023 during its recent earnings conference call. The company posted year-on-year revenue growth of 23% to $577 million, driven by robust customer demand and improved supply chain balance. Itron’s adjusted EBITDA rose 99% year-on-year to $68 million, while its non-GAAP earnings per share increased by 73%. It also realized free cash flow of $39 million, a notable rise from the negative position witnessed in the same period in 2022.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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