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Itron's Strong Q1 Revenue Surge
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Itron, Inc. achieved a significant 22% revenue growth in Q1 2024, totaling $603 million, driven by operational efficiencies and favorable market conditions. Gross margin increased to 34.0%, with net income rising to $52 million. The company's free cash flow reached $34 million, and it held a robust total backlog of $4.3 billion by the quarter's end.
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How could Itron's Q1 financial results impact its competitive position within the industry?
How might Itron leverage its strong Q1 performance for future expansions or innovations?
What specific operational strategies contributed most to Itron's revenue surge in Q1 2024?
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