earnings
confidence high
sentiment positive
materiality 0.80
Badger Meter Q2 record sales $122.9M, EPS $0.48 (+45% YoY); backlog at record
BADGER METER INC
2021-Q2 EPS reported
$0.95
revenue$240,711,000
- Sales $122.9M (+35% YoY); diluted EPS $0.48 (+45% from $0.33).
- Utility water sales up 38% YoY; core (ex-acquisitions) up 22%.
- Gross margin improved 150bps to 40.8%; operating margin 15.2% (up 130bps).
- Record backlog; supply chain disruptions limiting output; robust order pace.
- Credit facility upsized to $150M; no outstanding borrowings.