Press Releases

Itron Reports Q4 2003 and Full Year 2003 Results SPOKANE, Wash.--(BUSINESS WIRE)--Feb. 5, 2004--Itron, Inc. (Nasdaq:ITRI), today reported its financial results for the quarter and full year ended December 31, 2003. Fourth quarter revenues were $80 million, 3% higher than fourth quarter 2002

Itron Reports Increased Revenues and EPS for the Third Quarter SPOKANE, WA. — October 16, 2003 — Itron, Inc. (NASDAQ:ITRI), today reported its financial results for the quarter ended September 30, 2003. Third quarter revenues in 2003 increased 12% over third quarter 2002 to $82.1 million.

Q2 Revenues and EPS Slightly Better Than Consensus Estimates

Q1 Revenues Up 20% From 2002 To $74.6 Million

2002 revenues up 26% over 2001 to a record level of $284.8 million Pro forma EPS of $1.12 is 47% higher than 2001

Third Quarter Net Income Increases 53% Over 2001 on Revenue Increase of 20% Near Record Level of New Order Bookings in Q3 of $87 Million

Revenues of $72.4 Million and EPS of 28 Cents Are New Quarterly Highs

Itron Reports Stronger than Expected First Quarter 2002 Results Cash generated from operations was $6.6 million during the quarter. During the quarter, we paid a discounted amount of approximately $4.9 million to satisfy in full the mortgage note incurred when we purchased our Spokane facility.

Revised outlook for 2002 revenue and earnings slightly higher than previous guidance Minor change to previously released 2001 diluted shares and diluted EPS

Year-Over-Year Revenue Growth of 25%; Full Year EPS of 77 Cents