Welcome to our dedicated page for Badger Mete news (Ticker: BMI), a resource for investors and traders seeking the latest updates and insights on Badger Mete stock.
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, 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.
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