Badger Meter, Inc. - BMI STOCK NEWS

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.

Badger Meter, Inc. (NYSE: BMI) is set to release its first quarter 2023 earnings on April 20, 2023, before market opening. Investors can tune into the earnings conference call starting at 10:00am CT. A live webcast will be available on the Company's Investor website, with pre-registration required for participants. Badger Meter, a leader in water technology, offers innovative water solutions that enable efficient flow measurement and quality monitoring, promoting sustainable resource management.

The Board of Directors of Badger Meter (NYSE:BMI) has declared a regular quarterly cash dividend of $0.225 per share. Shareholders of record on February 24, 2023 will receive this dividend, payable on March 10, 2023.

With over a century in water technology innovation, Badger Meter specializes in flow measurement and water quality solutions, providing essential data for optimizing operations and promoting sustainable water use.

Badger Meter reported strong financial results for Q4 and the full year of 2022. Q4 sales reached $147.3 million, up 8.5% year-over-year, with EPS increasing to $0.60. For the full year, total sales hit a record $565.6 million, an 11.9% increase from 2021. Software sales also peaked at $33.8 million, constituting 6% of total revenue. The company maintained strong cash flow with $29.7 million in Q4 and $82.5 million for the year. Ongoing strategic initiatives include an $18 million acquisition of Syrinix, enhancing their smart water solutions amidst positive industry trends.

Badger Meter, Inc. (NYSE: BMI) announced its acquisition of Syrinix, Ltd. for £15 million, to be funded with available cash. Syrinix specializes in intelligent water monitoring solutions, enhancing Badger Meter's portfolio with high-frequency pressure monitoring and leak detection technology. This acquisition aims to advance Badger Meter's smart water solutions by integrating Syrinix's capabilities with its ORION^® Cellular endpoints and BEACON^® software, promoting efficiency, sustainability, and operational insights in water management.

Badger Meter (NYSE: BMI) will release its fourth quarter 2022 earnings on January 27, 2023, before market opening. A conference call will follow at 10:00 AM CT, accessible via a live webcast from the Investor section on their website. Interested participants can pre-register for the call using a link provided in the press release. Badger Meter, with over a century of water technology innovation, offers leading solutions for flow measurement and water quality, aiding customers in optimizing operations while promoting sustainable resource use.

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.