Badger Meter Q4 sales up 24% to $182.4M, EPS $0.84 (+40%); record full-year results

BADGER METER INC

2023-FY EPS reported $3.14 revenue$703,592,000

Q4 sales $182.4M (+24% YoY); diluted EPS $0.84 (+40%); operating margin 17.6% (up 230 bps).
Full-year sales $703.6M (+24%); diluted EPS $3.14 (+39%); record cash flow from ops $110.1M.
Utility water sales +28% YoY, driven by cellular AMI, BEACON SaaS, and E-Series ultrasonic meters.
Software sales exceeded $42M (+27% YoY). Completed acquisition of remote water monitoring assets post-year-end.
CEO expects 2024 sales and earnings growth year-over-year driven by resilient demand and backlog.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BADGER METER INC reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 26, 2024, Badger Meter, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001157523-24-000122

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