secwatch.observer — SEC 8-K summary
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Issuer:     BADGER METER INC (BMI)
CIK:        0000009092
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001157523-23-000585
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Badger Meter Q1 record revenue $159.1M; EPS up 35% to $0.66; acquired Syrinix
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- Total sales $159.1M, up 20% YoY from $132.4M; diluted EPS $0.66 vs $0.49 prior year.
- Operating profit margin expanded 150 bps to 15.7%; gross margin improved 120 bps to 39.5%.
- Completed acquisition of Syrinix for $18M in January 2023, adding pressure monitoring/leak detection capabilities.
- Utility water sales +20% YoY; flow instrumentation sales +22%; record backlog despite record sales.
- Healthy demand and supply chain relief support continued strong performance; Barron's 100 Most Sustainable Companies list.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9092/000115752323000585/0001157523-23-000585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9092/000115752323000585/a53384119.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer