Badger Mete Stock Price, News & Analysis

The Board of Directors of Badger Meter (NYSE:BMI) declared a regular quarterly cash dividend of $0.20 per share. This dividend is payable on December 10, 2021, to shareholders on record as of November 26, 2021. The company, with over a century of experience in water technology, provides critical solutions in flow measurement and quality, aiming to optimize operations and promote sustainable water usage.

Badger Meter, Inc. (NYSE: BMI) reported notable third-quarter results for 2021, with total sales rising 13.3% to a record $128.7 million. Diluted earnings per share reached $0.54, a slight increase from $0.51 year-over-year. The company announced its 29th consecutive annual dividend increase and recorded solid cash flow of $17.7 million. Despite persistent supply chain challenges, strong demand led to an impressive order backlog. Utility water sales grew 12.2%, driven by acquisitions and enhanced sales of mechanical meters and ORION® endpoints.

Badger Meter (NYSE: BMI) will release its third quarter 2021 earnings before the market opens on October 15, 2021. A conference call will follow at 10:00 AM CT, and interested parties can access a live webcast on the Company's investor website. Participants can pre-register for the call via a provided link. Badger Meter is renowned for over a century of innovation in water technology, offering solutions for flow measurement and quality that help customers optimize operations.

Badger Meter (NYSE:BMI) has appointed Henry F. Brooks, President of Power & Controls at Collins Aerospace, to its Board of Directors, expanding the Board to nine members. Mr. Brooks brings over 30 years of experience in aerospace and defense, overseeing a multi-billion dollar division at Raytheon Technologies. His expertise includes engineering, product development, and global business operations, making him a valuable asset as Badger Meter aims to innovate their smart water solutions and expand globally.

The Board of Directors of Badger Meter, Inc. (NYSE: BMI) has authorized an 11% increase in its quarterly dividend, raising it to $0.20 per share from $0.18 per share. This dividend will be payable on September 10, 2021, to shareholders of record as of August 27, 2021. The annual dividend rate now stands at $0.80 per share.

This marks the 29th consecutive year of dividend increases for the company, showcasing a commitment to rewarding shareholders and reflecting strong confidence in their ability to generate earnings and cash flow.

Badger Meter reported second quarter 2021 results, featuring a 35% sales increase to a record $122.9 million. Diluted EPS surged 45% to $0.48. Strong demand, particularly in utility water sales, soared 38% year-over-year, driven by acquisitions and a robust order backlog. Operating margins improved to 15.2%, with gross margins at 40.8%. Despite supply chain challenges causing delays, the company is optimistic about converting its backlog into sales. Badger Meter also secured a $150 million credit facility to support growth initiatives.

Badger Meter, Inc. (NYSE: BMI) will release its second quarter 2021 earnings on July 20, 2021, before market opening. A conference call will follow at 10:00 AM CT, accessible via the Company's website. Investors can preregister for the call. Badger Meter specializes in water technology solutions, providing data for flow measurement and quality to enhance operational efficiency and sustainability.

The Badger Meter Board of Directors has declared a quarterly cash dividend of $0.18 per share. Shareholders on record as of May 28, 2021 will receive this dividend, which is scheduled for payment on June 11, 2021. Badger Meter has over a century of experience in providing water technology solutions, focusing on flow measurement and quality, which are crucial for optimizing operations and promoting sustainable water usage.

Badger Meter reported strong first-quarter results for 2021, with total sales of $117.8 million, up 9% year-over-year. Diluted earnings per share increased 15% to $0.47. The company generated $30.6 million in cash from operations and acquired Analytical Technologies, enhancing its water quality offerings. Despite a record backlog and high order rates, sales were affected by electronic component shortages. Operating margins improved to 15.1%, and gross profit margins rose to 41.9%. The tax rate decreased to 22.2%.