Badger Meter provides water management solutions built around its BlueEdge suite of smart measurement hardware, communications, data visualization and analytics software, and customer support. Company news commonly covers sales and margin performance, project timing in municipal utility markets, cellular advanced metering infrastructure adoption, Software as a Service revenue, and flow instrumentation activity.
Recurring updates also include capital allocation actions such as quarterly dividends and share repurchase authorizations. Product and portfolio news has included SmartCover sewer monitoring and stormwater management capabilities, which expanded Badger Meter's water-cycle monitoring offering within the BlueEdge portfolio.
Badger Meter reported a strong third quarter for 2020, with sales of $113.6 million, a 5% increase from last year. Municipal water sales surged by 11%, driven by stable order rates and backlog conversions post-COVID-19 disruptions. Net earnings rose to $14.9 million or $0.51 EPS, up from $12.7 million or $0.44 EPS a year ago. Operating profit margins improved by 210 basis points to 17.2%, while cash from operations reached $21 million, strengthening the balance sheet with $94 million in cash. The company plans to continue adapting amid pandemic challenges.
Badger Meter, Inc. (NYSE: BMI) will release its third quarter 2020 earnings on October 16, 2020, before market opening. A conference call will follow at 10:00 AM CT, accessible via the Company's website. Investors can register in advance for the call. Badger Meter specializes in flow measurement and control solutions, providing accurate data to water utilities and commercial customers globally.