Badger Mete Stock Price, News & Analysis

The Board of Directors of Badger Meter (NYSE:BMI) declared a quarterly cash dividend of $0.225 per share. Shareholders of record on November 25, 2022 will receive payment on December 9, 2022. With over a century of experience, Badger Meter is a leader in water technology, providing essential data and analytics to optimize operations for sustainable resource management.

Badger Meter reported record sales of $148.0 million for Q3 2022, up 15% from the previous year. Excluding currency impacts, sales rose nearly 17%. Operating profit surged 23%, with margins increasing to 16.1%. Diluted EPS rose 13% to $0.61. Strong cash flow generated $23.8 million in net cash from operations. The company announced its 30th consecutive dividend increase. Utility water sales grew 17%, particularly in ultrasonic meters and SaaS revenue, reflecting a robust demand for smart water solutions amid ongoing inflation challenges.

Badger Meter, Inc. (NYSE: BMI) is set to release its third quarter 2022 earnings on October 19, 2022, before market opening. A conference call will follow at 10:00 am CT, where insights on financial performance will be discussed. Investors can access the live webcast through the company's website.

Badger Meter specializes in water technology solutions, providing essential data and analytics for clients to enhance operational efficiency and promote sustainable resource use.

The Board of Directors of Badger Meter (NYSE: BMI) has approved a 12.5% increase in its quarterly dividend, raising it from $0.20 to $0.225 per share. The new dividend will be payable on September 9, 2022, to shareholders of record on August 26, 2022. This marks the 30th consecutive year of dividend increases, reflecting the company's commitment to rewarding shareholders and confidence in its earnings and cash flow.

Badger Meter, Inc. (NYSE:BMI) has appointed Xia Liu, the Chief Financial Officer of WEC Energy Group (NYSE:WEC), to its Board of Directors, increasing the board size to ten members. Liu has been with WEC since June 2020 and boasts extensive experience in financial and risk management, having previously held leadership roles at CenterPoint Energy and Southern Company. CEO Kenneth C. Bockhorst expressed enthusiasm for Liu's appointment, highlighting her financial expertise and utility knowledge as valuable assets for the board.

Badger Meter reported a strong second quarter for 2022, with total sales of $137.8 million, up 12% year-over-year. Diluted earnings per share increased 19% to $0.57. Operating profit margins expanded by 80 basis points to 16.0%. Utility water sales saw a 14% increase, driven by demand for E-Series Ultrasonic meters and BEACON SaaS revenue. The backlog grew significantly, aided by strong order momentum. Despite supply chain challenges, cash flow remained robust with $19.7 million generated from operations.

Badger Meter, Inc. (NYSE: BMI) will release its second quarter 2022 earnings on July 20, 2022, before market opening. The earnings conference call will take place at 10:00 AM CT. Investors can access a live webcast through the Company’s website and register for the call in advance. Badger Meter is a leader in water technology, providing solutions for flow measurement and water quality to help optimize operations and promote sustainable resource use.

The Badger Meter Board of Directors has declared a regular quarterly cash dividend of $0.20 per share to shareholders of record on May 27, 2022. The payment date is set for June 10, 2022. This decision reflects the company's ongoing commitment to return value to shareholders while maintaining its leadership in water technology solutions. Badger Meter has over a century of experience in providing essential data and analytics to support the sustainable management of water resources.