Badger Meter, Inc. - BMI STOCK NEWS

The Board of Directors of Badger Meter (NYSE: BMI) has approved a 12.5% increase in its quarterly dividend, raising it from $0.20 to $0.225 per share. The new dividend will be payable on September 9, 2022, to shareholders of record on August 26, 2022. This marks the 30th consecutive year of dividend increases, reflecting the company's commitment to rewarding shareholders and confidence in its earnings and cash flow.

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.

The Badger Meter Board of Directors has declared a regular quarterly cash dividend of $0.20 per share to shareholders of record on May 27, 2022. The payment date is set for June 10, 2022. This decision reflects the company's ongoing commitment to return value to shareholders while maintaining its leadership in water technology solutions. Badger Meter has over a century of experience in providing essential data and analytics to support the sustainable management of water resources.

Badger Meter, Inc. (NYSE: BMI) reported first quarter 2022 results showing a 12% increase in sales to $132.4 million. Diluted EPS rose to $0.49, up from $0.47 year-over-year. Utility water sales climbed 15%, supported by strong demand despite supply chain disruptions. Gross margins fell to 38.3% from 41.9% in Q1 2021 due to inflation and production volatility. Operating margin decreased to 14.2%. Despite challenges, the company remains optimistic about long-term demand and operational strategies.

Badger Meter, Inc. (NYSE: BMI) will announce its first quarter 2022 earnings on April 19, 2022, before market opening. Following the release, a conference call is scheduled for 10:00am CT, with a live webcast available on the company’s Investor website. Participants can pre-register for the call through a provided link. Badger Meter has a long history of innovation in water technology, offering solutions that support the sustainable use of water resources. For more information, visit www.badgermeter.com.

Badger Meter (NYSE:BMI) has appointed Melanie K. Cook, former Chief Operating Officer of GE Appliances, to its Board of Directors, expanding the Board to ten members. With nearly 30 years of global experience in profit and loss responsibilities, product lifecycle management, and supply chain, Ms. Cook brings valuable expertise in driving growth and digital transformation. Her leadership at GE Appliances, which oversaw operations for 15,000 employees, included notable achievements in diversity initiatives and environmental management certifications. This strategic move is expected to bolster Badger Meter's innovation in digital water solutions.