Badger Meter Reports Third Quarter 2018 Results

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Go back to Badger Meter Reports Third Quarter 2018 Results

Badger Meter (BMI) Tops Q3 EPS by 5c, Revenues Beat

October 17, 2018 8:31 AM EDT

Badger Meter (NYSE: BMI) reported Q3 EPS of $0.46, $0.05 better than the analyst estimate of $0.41. Revenue for the quarter came in at $110.6 million versus the consensus estimate of $109.68 million.

Operating Results

We are pleased with the results achieved in our third quarter, with record net sales for a third quarter, and an all-time record for adjusted EPS at $0.46 driven by higher domestic municipal sales of our flagship products, favorable sales mix, as well as continued international sales momentum, most notably in the Middle East, said Richard A. Meeusen, chairman and chief executive officer of... More