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.
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Badger Meter (NYSE: BMI) reported record financial results for Q1 2023, achieving total sales of $159.1 million, up 20% from $132.4 million in Q1 2022. Operating profit increased by 33%, improving margins to 15.7%. The diluted earnings per share (EPS) rose 35% to $0.66 from $0.49 year-over-year. The company successfully completed the acquisition of Syrinix, Ltd. for $18 million, enhancing their smart water technology offerings. Demand remains robust, marked by a record backlog and strong order growth across key markets.