secwatch.observer — SEC 8-K summary
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Issuer:     BADGER METER INC (BMI)
CIK:        0000009092
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001157523-23-001505
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9092/000115752323001505/0001157523-23-001505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9092/000115752323001505/a53632747.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001505

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