Badger Mete Stock Price, News & Analysis

Badger Meter (NYSE: BMI) reported strong financial results for Q4 and full year 2024. Fourth quarter highlights include total sales of $205.2 million, up 13% year-over-year, with operating profit increasing 22% and margins expanding to 19.1%. Q4 diluted EPS grew 24% to $1.04.

Full year 2024 achievements include record total sales of $826.6 million, an 18% increase from 2023, with software sales growing 30% to over $56 million. Operating profit margins improved 230 basis points to 19.1%, while diluted EPS rose 35% to $4.23. The company generated record cash flow of $155 million from operations.

The company announced the acquisition of SmartCover Systems to expand its BlueEdge suite of solutions for water management. Utility water sales increased 14% year-over-year, driven by strong adoption of cellular AMI offerings, while flow instrumentation products saw a modest 1% growth.

Badger Meter (NYSE: BMI) has announced it will release its fourth quarter and full year 2024 earnings before market opening on Friday, January 31, 2025. The company will host an earnings conference call at 10:00am CT on the same day. A live listen-only webcast will be available through the Investor section of the company's website.

Participants who wish to actively engage in the conference call can pre-register through a provided link. The webcast recording will remain accessible on the company's website until February 14, 2025. Badger Meter specializes in water technology innovation, offering comprehensive water management solutions through its BlueEdge™ suite, which includes smart measurement hardware, communications, data visualization, and analytics software.

Badger Meter (NYSE:BMI) has announced its regular quarterly cash dividend of $0.34 per share. The dividend will be payable on December 6, 2024, to shareholders of record as of November 22, 2024. The company, with over a century of water technology innovation, specializes in providing water solutions including flow measurement, quality monitoring, and system parameters, helping customers optimize operations and promote sustainable water resource management.

Badger Meter (NYSE: BMI) reported strong third quarter 2024 financial results. Highlights include:

• Total sales of $208.4 million, up 12% year-over-year
• Operating profit increased 29%, with margins expanding 260 basis points to a record 19.5%
• Diluted EPS rose 23% to $1.08
• Record cash flow with $45.1 million in net cash from operations, up 43% year-over-year
• Annual dividend rate increased by 26% to $1.36 per share

The company saw continued solid demand for its water management solutions, with utility water sales up 14% year-over-year. Flow instrumentation product sales remained flat. Badger Meter anticipates delivering high single-digit sales growth rates over the cycle and expects modest operating profit margin expansion year-over-year.

Badger Meter, Inc. (NYSE: BMI) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will issue its earnings release before the market opens on Thursday, October 17, 2024. This will be followed by an earnings conference call at 10:00am CT.

A live listen-only webcast will be available from the Investor section of the company's website. For those wishing to actively participate in the call, pre-registration is required through a provided link. The webcast will remain archived on Badger Meter's website until October 31, 2024.

Badger Meter is a global provider of water technology solutions, specializing in flow measurement, quality, and other system parameters. The company's offerings provide customers with data and analytics for optimizing operations and promoting sustainable water use.

Badger Meter, Inc. (NYSE: BMI) has announced a significant 26% increase in its quarterly dividend to $0.34 per share, up from $0.27. This raise marks the company's 32nd consecutive year of annual dividend growth. The new dividend is payable on September 6, 2024, to shareholders of record as of August 23, 2024. With this increase, BMI's new annual dividend rate stands at $1.36 per share.

CEO Kenneth C. Bockhorst attributed this decision to the company's consistent approach to customer service, strategic execution, and strong cash flow generation. He emphasized that a durable dividend is a important component of Badger Meter's capital allocation framework.

Badger Meter (NYSE: BMI) reported record second quarter 2024 results, with total sales reaching $216.7 million, a 23% increase year-over-year. The company's operating profit surged 41%, with margins expanding to a record 19.2%. Diluted EPS rose 47% to $1.12. Key highlights include:

- Strong demand for AMI solutions and accelerated backlog conversion
- Utility water sales up 26%, driven by cellular AMI adoption
- Flow instrumentation sales increased 5%
- Introduction of BlueEdge™ platform for integrated water management solutions
- Release of 2023 Sustainability Report

The company maintains a positive outlook, focusing on high single-digit sales growth in the second half of 2024 and modest operating margin expansion.

Badger Meter (NYSE: BMI) has announced that it will release its second quarter 2024 earnings report on Friday, July 19, 2024, before the market opens. Following the release, the company will hold an earnings conference call at 10:00am CT. A live, listen-only webcast of the call will be available on the Investor section of Badger Meter’s website. Participants can pre-register for the call through a provided link. The webcast will be archived on the company's website until August 2, 2024. Badger Meter is a global leader in water solutions, offering data and analytics to optimize operations and support sustainable water use.

Badger Meter (NYSE: BMI) has published its 2023 Sustainability Report, emphasizing its commitment to Environmental, Social, and Governance (ESG) initiatives. The report underscores Badger Meter's growth strategy intertwined with sustainability, showcasing record sales and earnings, alongside significant reductions in greenhouse gas emissions and water intensity. Highlights include an 18% reduction in Scope 1 and 2 emissions intensity year-over-year and a 44% reduction from the 2020 baseline, a 9% reduction in water usage, and a 32% reduction in the total case incident rate. The company also reported improved employee engagement and new mental health programs. The report aligns with GRI, SASB, and TCFD standards.