Badger Meter Inc
BMI
ISIN US0565251081 / Valor 910857
Badger Meter Inc
UMushroom community rating:
About company
Badger Meter Inc is a leading provider of flow measurement, water quality, and control products for water utilities, municipalities, and commercial and industrial customers worldwide. The company recently acquired remote water monitoring hardware and software from Trimble, including the Telog brand of RTUs and Trimble Unity Remote Monitoring software. Additionally, Badger Meter is involved in the City of Galveston's Sustainable Interactive Customer Connections project, which aims to upgrade all water meters to advanced metering technology. The project has been recognized as one of the top 20 smart city projects globally and received a Smart 20 Award.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (24.12.2024):
Revenue Growth
Badger Meter Inc reported a significant increase in total sales for the third quarter of 2024, reaching $208.4 million. This represents a 12% growth compared to the previous year's third quarter sales of $186.2 million. The increase in sales was driven by strong demand for the company's water management solutions.
Operating Profit
The company achieved a notable 29% year-over-year increase in operating profit for the third quarter of 2024. Operating profit margins expanded by 260 basis points, reaching a record high of 19.5%. This improvement was attributed to a favorable sales mix, effective price/cost management, and strong operating execution.
Earnings Per Share
Badger Meter Inc reported a 23% increase in diluted earnings per share (EPS) for the third quarter of 2024, rising to $1.08 from $0.88 in the same period the previous year. The increase in EPS was supported by higher operating earnings and increased interest income.
Cash Flow
The company generated record cash flow in the third quarter of 2024, with net cash provided by operations amounting to $45.1 million. This represents a 43% increase compared to the same quarter in the previous year, highlighting Badger Meter Inc's strong cash flow generation capabilities.
Dividend Increase
Badger Meter Inc announced a 26% increase in its annual dividend rate, raising it to $1.36 per share. This marks the 32nd consecutive year of dividend growth for the company, reflecting its commitment to returning value to shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6469 M
Market cap (USD)
24,162
Daily traded volume (Shares)
220 / 216.13
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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