SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 9, 2002 ------------- ITRON, INC. ----------- (Exact name of registrant as specified in its charter) Washington ---------- (State or Other Jurisdiction of Incorporation) 000-22418 --------- (Commission File Number) 91-1011792 ---------- (IRS Employer Identification No.) 2818 North Sullivan Road Spokane, Washington 99216-1897 ------------------------------ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (509) 924-9900 -------------- N/A -------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report
Item 5: Other Information Quarterly Segment Information for 2001 and 2000 Effective January 1, 2002 we realigned our organization from six business units, comprised of both market segments and products, to four business units composed of market segments. Results from the former Client Services and Energy Information Systems segments, which are product lines, have been reclassified into our Electric, Natural Gas, Water & Public Power, and International segments. Our Form 10-K, which we filed on March 28, 2002, reflects the reclassified segment information for 2001 and 2000 on an annual basis only. The following table reflects quarterly segment data reclassified for 2001 and 2000 to conform to the January 1, 2002 organization. Corporate information is included to reconcile segment activity to consolidated statements of operations: Year Ended December 31, 2001 (in thousands) First Second Third Fourth Quarter Quarter Quarter Quarter Total -------- --------- -------- -------- -------- Revenues Electric Systems $ 19,935 $ 22,967 $ 25,555 $ 31,265 $ 99,722 Natural Gas Systems 8,467 8,386 9,906 8,935 35,694 Water & Public Power Systems 10,640 14,827 19,945 19,660 65,072 International Systems 8,429 6,834 5,449 4,355 25,067 -------- --------- -------- -------- -------- Total revenues $ 47,471 $ 53,014 $ 60,855 $ 64,215 $225,555 Gross profit (loss) Electric Systems $ 8,682 $ 9,578 $ 10,405 $ 13,687 $ 42,352 Natural Gas Systems 4,528 4,715 5,384 4,743 19,370 Water & Public Power Systems 4,431 6,826 9,174 8,360 28,791 International Systems 2,404 2,898 2,570 749 8,621 Corporate (1,364) (875) (480) 1,444 (1,275) -------- --------- -------- -------- -------- Total gross profit (loss) $ 18,681 $ 23,142 $ 27,053 $ 28,983 $ 97,859 Operating income (loss) Electric Systems $ 7,660 $ 8,367 $ 9,014 $ 12,160 $ 37,201 Natural Gas Systems 3,911 4,090 4,689 4,048 16,738 Water & Public Power Systems 3,694 5,973 8,286 7,342 25,295 International Systems 907 1,081 141 (290) 1,839 Corporate (12,456) (13,659) (14,832) (14,266) (55,213) -------- --------- -------- -------- -------- Total operating income (loss) $ 3,716 $ 5,852 $ 7,298 $ 8,994 $ 25,860
Year Ended December 31, 2000 (in thousands) First Second Third Fourth Quarter Quarter Quarter Quarter Total -------- --------- -------- -------- -------- Revenues Electric Systems $ 17,451 $ 12,457 $ 13,059 $ 19,018 $ 61,985 Natural Gas Systems 11,355 11,164 9,483 7,834 39,836 Water & Public Power Systems 15,034 18,069 14,142 12,878 60,123 International Systems 3,085 2,880 4,008 8,024 17,997 -------- -------- -------- -------- -------- Total revenues $ 46,925 $ 44,570 $ 40,692 $ 47,754 $179,941 Gross profit (loss) Electric Systems $ 6,853 $ 5,993 $ 5,691 $ 8,448 $ 26,985 Natural Gas Systems 6,066 6,784 5,431 4,080 22,361 Water & Public Power Systems 6,156 8,265 6,099 5,930 26,450 International Systems 1,467 1,316 1,758 3,212 7,753 Corporate (3,236) (4,794) (2,650) (2,020) (12,700) -------- -------- -------- -------- -------- Total gross profit (loss) $ 17,306 $ 17,564 $ 16,329 $ 19,650 $ 70,849 Operating income (loss) Electric Systems $ 5,909 $ 5,125 $ 4,870 $ 7,519 $ 23,423 Natural Gas Systems 5,397 6,126 4,870 3,563 19,956 Water & Public Power Systems 5,467 7,540 5,413 5,240 23,660 International Systems (12) 9 275 1,330 1,602 Corporate (15,558) (16,283) (13,645) (13,505) (58,991) -------- -------- -------- -------- -------- Total operating income (loss) $ 1,203 $ 2,517 $ 1,783 $ 4,147 $ 9,650 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Spokane, State of Washington, on the 9th day of April, 2002. ITRON, INC. By /s/ David G. Remington --------------------------------------- David G. Remington Vice President and Chief Financial Officer