# Landis+Gyr reports $509 million utility award as first-half revenue declines

_Published Friday, October 30, 2026 at 12:18 AM EDT · Infrastructure, Products · Latest · Tier 2 — Notable_

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Landis+Gyr reported a $509 million contract with a major US investor-owned utility in its October 29 earnings release, according to earnings-call highlights first published by GuruFocus. The October award lifted its order backlog above $4.2 billion, from $3.7 billion at September 30.

First-half fiscal 2026 revenue fell 6.3% to $501.4 million because of project deployment timing. Adjusted gross margin rose 370 basis points to 37.7%, driven by operational efficiencies and favorable product mix. Operating cash flow reached $74 million, up 220%, while the trailing 12-month ratio of orders to revenue stood at 0.8x.

## Sources

- [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/landis-gyr-group-ag-ldgyy-031320419.html)

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Canonical: https://techandbusiness.org/newswire/wSiKG47LF80OsCR3PZbUVm
Published: 2026-10-30T04:18:20.089Z
Story chronology: 2026-10-29T00:00:00.000Z
Retrieved: 2026-10-30T06:39:58.775Z
Publisher: Tech & Business (techandbusiness.org)