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, Inc. (NYSE: BMI) is a manufacturing company focused on smart water technology and totalizing fluid meter and counting device manufacturing. Its news flow provides insight into how the company executes its strategy around water management solutions, capital allocation and corporate governance. Public communications emphasize more than a century of water technology innovation and a growing portfolio of digital smart water offerings.
News about Badger Meter frequently highlights developments in its BlueEdge™ / BlueEdge® suite, which the company describes as a tailorable portfolio of smart measurement hardware, communications, data visualization and analytics software, and ongoing support. Updates often cover customer adoption of cellular Advanced Metering Infrastructure (AMI), BEACON® SaaS, water quality and remote monitoring solutions, and other smart water technologies that support utilities and other users.
Investors following BMI news will also see regular coverage of quarterly financial results, including net sales, operating earnings, gross margin trends and cash flow. Earnings releases typically discuss the contribution of utility water sales, flow instrumentation products, and acquisitions such as SmartCover, as well as the use of non-GAAP Base measures that exclude acquired operations for comparability.
In addition, Badger Meter’s news includes dividend declarations, dividend increases, and share repurchase authorizations, reflecting the company’s capital allocation framework. Leadership announcements and executive appointments, including roles focused on municipal utilities, SaaS, international utility markets and SmartCover, are also reported and provide context on organizational structure and succession planning.
For readers interested in the intersection of manufacturing, water technology and digital infrastructure, the Badger Meter news page offers a centralized view of earnings reports, capital allocation decisions, acquisitions, integration progress and strategic commentary from management. Bookmark this page to review new press releases, scheduled earnings calls and other material company updates as they are released.
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%.
Badger Meter, Inc. (NYSE: BMI) is set to release its first quarter 2021 earnings before the market opens on April 20, 2021. Following the earnings release, a conference call will take place at 10:00am CT, where investors can engage in a live webcast. Interested participants can register in advance through the company’s website to receive instructions on joining the call.
Badger Meter has a long history of water technology innovation, offering solutions that help optimize operations and promote sustainable water use.
Badger Meter's Board of Directors has declared a regular quarterly cash dividend of $0.18 per share. This dividend is payable to shareholders of record as of February 26, 2021, with a payment date set for March 12, 2021. This decision reinforces Badger Meter's commitment to returning value to its shareholders while reflecting the company's solid performance in the water technology sector.
Badger Meter reported a strong fourth quarter and full-year 2020 performance, with total sales reaching $112.3 million in Q4, up 4% year-over-year. Net earnings rose to $13.1 million, with diluted EPS at $0.45. Full-year sales were $425.5 million, slightly above $424.6 million in 2019. The acquisition of s::can GmbH added online water quality monitoring services, contributing to an 8% increase in utility water sales. Operating profit margins improved by 70 basis points, emphasizing the company's resilience amidst challenges. Strong cash flow generation reached $89.6 million, reflecting robust operational performance.
Badger Meter announced the acquisition of Analytical Technology, Inc. for $44 million, funded through available cash. ATi, founded in 1992, specializes in water quality monitoring systems and reported approximately $22 million in revenue for 2020. This acquisition aims to enhance Badger Meter's smart water offerings by integrating ATi’s technology with its existing solutions, providing comprehensive water monitoring capabilities. The CEO emphasizes the strategic importance of this acquisition in expanding geographic reach and optimizing operations for customers.
Badger Meter (NYSE: BMI) will release its fourth quarter and full year 2020 earnings before the market opens on January 29, 2021. Following the release, a conference call is scheduled for 10:00 AM CT, where investors can participate via a live webcast on the company’s website. Interested parties can register in advance for the call to receive participation instructions. This earnings release marks an important opportunity for investors to assess the company’s financial performance and future outlook.