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Badger Meter, Inc. (BMI) is a leading innovator, manufacturer, and marketer of flow measurement and control products, serving water and gas utilities, municipalities, and industrial customers worldwide. The company excels in providing accurate, durable, and timely measurement information across a variety of liquids, from water to oil and lubricants in industrial processes.
Residential and commercial metering technology from Badger Meter is designed for optimal system performance, superior reading and billing accuracy, and maximized revenue generation. Their product lines include two main categories: sales of water meters, radios, software, and related technologies for water utilities, and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries.
Recent achievements and ongoing projects highlight Badger Meter's commitment to innovation and excellence. The company continually updates its product offerings to meet the evolving needs of its customers, ensuring a high degree of accuracy and reliability. Financially, Badger Meter derives the majority of its revenues from the United States, showcasing a strong domestic market presence.
For more detailed information and updates, visit their official website at www.badgermeter.com.
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.
Badger Meter, Inc. (NYSE: BMI) is set to release its third quarter 2022 earnings on
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
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.
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