Badger Meter Reports Fourth Quarter and Full Year 2019 Results
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Badger Meter (BMI) Reports In-Line Q4 EPS, Revenues Miss
February 5, 2020 8:31 AM ESTBadger Meter (NYSE: BMI) reported Q4 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $108.63 million.
Fourth Quarter Operating Results
We are very pleased with the strong growth in our domestic municipal water revenue and continued interest in our newer technology products. Flow instrumentation demand was tepid, as global industrial activity was soft in the quarter. Our operating margins improved year-over-year and cash flow remains strong. Overall, it was a solid... More
