Badger Meter Q3 sales up 26% to $186.2M; EPS $0.88 (+44%); dividend raised 20%

BADGER METER INC

2023-Q3 EPS reported $2.30 revenue$521,152,000

Total sales $186.2M (+26% YoY); diluted EPS $0.88 (+44%); operating margin 16.9% (+80bps).
Net cash from operations $31M, up 32%; dividend raised 20% for 31st consecutive annual increase.
Utility water sales up 31% driven by cellular AMI, BEACON SaaS, and E-Series ultrasonic meters.
Flow instrumentation sales up 2% YoY; gross margin 39.1%, up 20bps; SEA expense % improved 50bps.
Guidance: healthy market conditions, strong order momentum; Q4 fewer operating days due to holidays.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BADGER METER INC reported the third quarter ended September 30, 2023 results: revenue $186.2 million, EPS $0.88.

Period: the third quarter ended September 30, 2023
Revenue: $186.2 million
EPS: $0.88
Result: reported results

Exact text from the filing

Badger Meter, Inc. (NYSE: BMI) today reported record results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Total sales of $186.2 million

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Source: SEC EDGAR

accession 0001157523-23-001505

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