Badger Meter, Inc. - BMI STOCK NEWS

Badger Meter reported record fourth-quarter sales of $135.7 million, up 21% from the previous year, with diluted EPS rising 31% to $0.59. For the full year, sales reached $505.2 million, a 19% increase. Operating margins improved 170 basis points in Q4 and 30 basis points for the year despite supply chain challenges. Cash generated by operations totaled $27.1 million in Q4 and $87.5 million for the year. Strong demand for innovative water solutions, alongside a record backlog, positions the company favorably for future growth.

Badger Meter, Inc. (NYSE: BMI) will release its fourth quarter and full year 2021 earnings on January 28, 2022, before market opening. Following the announcement, a conference call is scheduled for 10:00am CT to discuss the results. Investors can access the live webcast via the company’s Investors website, where the call will also be archived. Badger Meter specializes in water technology, providing solutions that help optimize operations and promote sustainable practices.

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.