• Home
  • About Us
  • Subscribe
  • Advertise
  • Newsroom
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • Current Issue
    • Latest News
    • Special Report
    • Up Close
    • Opinion
  • News by Sector
    • Real Estate & Construction
    • Banking & Finance
    • Health Care
    • Education & Talent
    • North Idaho
    • Technology
    • Manufacturing
    • Retail
    • Government
  • Roundups & Features
    • Calendar
    • People
    • Business Licenses
    • Q&A Profiles
    • Cranes & Elevators
    • Retrospective
    • Insights
    • Restaurants & Retail
  • Supplements & Magazines
    • Book of Lists
    • Building the INW
    • Market Fact Book
    • Economic Forecast
    • Best Places to Work
    • Partner Publications
  • E-Edition
  • Journal Events
    • Elevating the Conversation
    • Workforce Summit
    • Icons
    • Women in Leadership
    • Rising Stars
    • Best Places to Work
    • People of Influence
    • Business of the Year Awards
  • Podcasts
  • Sponsored
Home » Itron posts big loss for quarter, year

Itron posts big loss for quarter, year

.

February 12, 2014
Staff Report

Itron Inc., the Liberty Lake-based maker of meter reading technology, reported today a fourth-quarter net loss of $154.4 million, or $3.93 a diluted share, compared with net income of $16 million, or 40 cents a share, in the year-earlier period.

For all of 2013, the company posted a net loss of $146.8 million, or $3.74 a share, compared with income of $108.3 million, or $2.71 a share, in 2012.

The latest quarterly results include a $173 million noncash goodwill-impairment charge.

The company’s fourth-quarter revenues rose slightly to $524 million, from $523 million in the year-earlier quarter. For the full year, the company’s sales dipped to $1.9 billion, from $2.2 billion in 2012.

For the quarter, the company said increased revenues in both the electricity and water segments were offset partially by a decrease in gas-segment sales. For the year, lower gas-segment and electricity-segment revenues—due in part to the completion of a number of projects—offset an increase in the water division’s sales.

Philip Mezey, Itron’s president and CEO, said in a press release, “While the fourth-quarter results were impacted by a goodwill-impairment change in our electricity segment and a discrete tax charge, the steps we have taken in 2013 position Itron to be more competitive in a tough economy and global marketplace.”

    Latest News Manufacturing Technology
    • Related Articles

      Itron posts loss for quarter

      Red Lion posts loss for quarter, year

      Itron posts net gains for fourth quarter, all of 2012

    • Related Products

      Retirement Rate 1 Year Print and Online

      Student 1 Year Online

    Staff Report

    Spokane-area job numbers fall

    More from this author
    Daily News Updates

    Subscribe today to our free E-Newsletters!

    SUBSCRIBE

    Featured Poll

    Which INW summertime activity are you looking forward to the most?

    Popular Articles

    • Egger1 web
      By Tina Sulzle

      Egger family expands legacy with South Hill restaurant

    • Eckhardt ezra influencers web
      By Journal of Business Staff

      Ezra Eckhardt, STCU part ways

    • Stagindustrialpark map
      By Dylan Harris

      101-acre industrial park proposed in north Spokane County

    • Providence9 web
      By Dylan Harris

      Labcorp to acquire select assets of Spokane Valley pathology practice

    • Jewel45 web
      By Tina Sulzle

      Neighborhood gastropub to open in Browne's Addition

    • News Content
      • News
      • Special Report
      • Up Close
      • Roundups & Features
      • Opinion
    • More Content
      • E-Edition
      • E-Mail Newsletters
      • Newsroom
      • Special Publications
      • Partner Publications
    • Customer Service
      • Editorial Calendar
      • Our Readers
      • Advertising
      • Subscriptions
      • Media Kit
    • Other Links
      • About Us
      • Contact Us
      • Journal Events
      • Privacy Policy
      • Tri-Cities Publications

    Journal of Business BBB Business Review allianceLogo.jpg CVC_Logo-1_small.jpg

    All content copyright ©  2025 by the Journal of Business and Northwest Business Press Inc. All rights reserved.

    Design, CMS, Hosting & Web Development :: ePublishing