Badger Meter Reports Impressive Q4 Earnings, Surpassing Expectations by Double-Digit Margins

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The company reported a GAAP Earnings Per Share of $0.66, beating estimates by $0.11, and revenue of $159.1M, surpassing estimates by $16.37M. This marks Badger Meter ($NYSE:BMI)’s sixth consecutive quarter of delivering double-digit revenue growth. Its products are used in a variety of industries including residential water and gas metering, municipal water management, and oil and gas production. Badger Meter also provides engineering and software services to facilitate the delivery of its solutions.

The impressive fourth quarter performance of Badger Meter is testament to its ability to meet customer needs and deliver strong results despite challenging market conditions. Investors should continue to watch the company closely as it looks to expand its offerings and capitalize on growth opportunities.

Market Price

Badger Meter Inc. reported impressive fourth quarter earnings on Thursday, surpassing market expectations by double-digit margins. On the day of the announcement, BADGER METER‘s stock opened at $127.0 and by the close had soared 10.7% to $133.3, up from its previous closing price of 120.5. This dramatic increase in stock price indicates that investors are pleased with the company’s results and future prospects, as well as the fiscal health of the company. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we have conducted an analysis of BADGER METER’s fundamentals. We found that BADGER METER is a low risk investment in terms of financial and business aspects based on our Risk Rating. To gain more insight into BADGER METER’s potential risks, we encourage you to become a registered user on our website. As a registered user, you will have access to our comprehensive analyses of the business and financial areas with potential risks. We hope this information can help you make informed decisions and support you in your investment journey. More…

Peers

Its main competitors are Ningbo Water Meter (Group) Co Ltd, Global Water Technologies Inc, and Rainmaker Worldwide Inc.

– Ningbo Water Meter (Group) Co Ltd ($SHSE:603700)

Ningbo Water Meter (Group) Co Ltd is a leading provider of water meters and related products and services in China. The company has a market cap of 3B as of 2022 and a return on equity of 6.7%. Ningbo Water Meter (Group) Co Ltd is a leading provider of water meters and related products and services in China. The company has a market cap of 3B as of 2022 and a return on equity of 6.7%. The company’s products are used in a variety of applications including residential, commercial, industrial, and municipal water meters. The company also provides water management services including meter reading, data analysis, and customer service.

– Global Water Technologies Inc ($OTCPK:GWTR)

Global Water Technologies Inc is a publicly traded company with a market capitalization of 325.43k as of 2022. The company provides water treatment solutions and technologies for industrial, municipal, and residential customers worldwide. Its products include water filtration systems, reverse osmosis systems, and water softeners. Global Water Technologies Inc is headquartered in California, United States.

– Rainmaker Worldwide Inc ($OTCPK:RAKR)

The company’s market cap is 1.09M as of 2022. The company’s ROE is 6.51%. The company makes money by providing water treatment solutions to a variety of industries. The company’s products are used in a variety of industries, including oil and gas, mining, power generation, and more.

Summary

Badger Meter is a company specializing in flow instrumentation, meter reading and control solutions for the water and gas industry. Recently, the company reported its most recent quarterly earnings, beating estimates with GAAP EPS coming in at $0.66, $0.11 higher than predicted. Revenue was also higher than expected, at a reported $159.1M, which is a $16.37M increase in comparison to the previous quarter.

The stock price moved up significantly on the same day as the report, suggesting that investors were happy with the results. Moving forward, analysts are optimistic about the company’s performance, citing their established brand name and increasing demand for their products as positive indicators for future growth.