Badger Meter (BMI) Misses Q1 EPS by 11c, Miss on Revenues

Badger Meter (NYSE: BMI) reported Q1 EPS of $0.26, $0.11 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $105.04 million versus the consensus estimate of $107.3 million.

First Quarter 2018 Highlights

• Net sales were a record $105,041,000 for the first quarter of 2018, a 3.4% increase from sales of $101,606,000 for the first quarter of 2017.
• Net earnings were $7,546,000 for the first quarter of 2018, a 13.8% decrease from net earnings of $8,749,000 for the first quarter of 2017.
• Diluted earnings per share were $0.26 for the first quarter of 2018, a 13.3% decrease from diluted earnings per share of $0.30 for the first quarter of 2017.

For earnings history and earnings-related data on Badger Meter (BMI) click here.

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