earnings
confidence high
sentiment positive
materiality 0.70
Badger Meter Q3 2021: record sales $128.7M (+13.3%), EPS $0.54, dividend raised for 29th year
BADGER METER INC
2021-Q3 EPS reported
$1.49
revenue$369,449,000
- Record sales of $128.7M (+13.3% YoY); diluted EPS $0.54 vs $0.51 in prior year.
- Utility water sales up 12.2% (core +1.7%); flow instrumentation +18.5%.
- Gross margin 39.8% (+20 bps); operating margin 15.1% (-210 bps) as SG&A rose $6.2M.
- Cash flow from ops $17.7M; record high order backlog entering Q4.
- 29th consecutive annual dividend increase; supply chain disruptions expected to persist into 2022.