Badger Meter reports record Q2 2023 revenue $175.9M, EPS $0.76, +33% YoY

BADGER METER INC

2023-Q2 EPS reported $1.42 revenue$334,959,000

Total sales $175.9M, up 28% YoY; diluted EPS $0.76 vs $0.57, +33%.
Operating profit margin 16.8%, up 80 bps from 16.0% a year ago.
Utility water sales +32%, driven by cellular AMI, BEACON SaaS, E-Series ultrasonic meters.
Book-to-bill ratio above 1.0; resilient demand despite macro uncertainty.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BADGER METER INC reported second quarter ended June 30, 2023 results: revenue $175.9 million, EPS $0.76.

Period: second quarter ended June 30, 2023
Revenue: $175.9 million
EPS: $0.76
Result: reported results

Exact text from the filing

Badger Meter, Inc. (NYSE: BMI) today reported record results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Total sales of $175.9 million, 28% higher than the prior year's $137.8 million. Operating profit increased 34% year-over-year, with operating profit margins expanding 80 basis points to 16.8% from 16.0%. Diluted earnings per share (EPS) increased 33% to $0.76, up from $0.57 in the comparable prior year quarter.

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Source: SEC EDGAR

accession 0001157523-23-001115

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