Badger Meter, Inc. - BMI STOCK NEWS

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.

The Badger Meter Board of Directors has declared a quarterly cash dividend of $0.18 per share, marking a continued commitment to shareholder returns. Shareholders of record as of November 27, 2020, will receive the dividend payable on December 11, 2020. Badger Meter, a leader in water technology for over a century, provides essential data and analytics that improve operational efficiency and promote sustainable water usage.

Badger Meter (NYSE: BMI) has acquired s::can GmbH for €27 million, enhancing its water quality monitoring capabilities. Founded in 1999, s::can specializes in real-time optical water quality sensing solutions, with 2019 revenues around $15 million. This acquisition aims to address growing global water quality concerns and is expected to provide strategic value by integrating real-time data monitoring into Badger Meter's product offerings. The CEO emphasized the importance of advanced technologies for improving customer service and operational efficiency.

Badger Meter has appointed Sheryl Hopkins as the new Vice President of Human Resources, succeeding Trina Jashinsky, effective September 30, 2020. Hopkins brings over 30 years of global HR leadership experience, having previously served at ADVENT and Runzheimer International. CEO Ken Bockhorst expressed enthusiasm for her appointment, emphasizing her capability to drive talent strategies aligned with the company’s growth goals. Jashinsky is retiring to focus on community charitable endeavors after significantly contributing to Badger Meter's culture and business growth.