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Badger Meter Reports Third Quarter 2024 Financial Results

Badger Meter, Inc. (BMI) 
Last badger meter, inc. earnings: 4/16 08:30 am Check Earnings Report
Company Research Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE: BMI) today reported results for the third quarter ended September 30, 2024.Third Quarter 2024 HighlightsTotal sales of $208.4 million, 12% higher than the prior year’s $186.2 million.Operating profit increased 29% year-over-year, with operating profit margins expanding 260 basis points to a record 19.5%.Diluted earnings per share (EPS) increased 23% to $1.08, up from $0.88 in the comparable prior year quarter.Record cash flow with $45.1 million in net cash provided by operations, which increased 43% year-over-year.Increased annual dividend rate by 26% to $1.36 per share, representing the 32nd consecutive year of dividend growth.“We were pleased with our third quarter financial performance delivering strong sales growth, record operating profit margins and robust cash flow generation. Sales in the quarter continued to benefit from solid demand for our tailorable water management solutions. Notably, we achieved record operating p Show less Read more
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