Badger Meter Reports Third Quarter 2020 Results
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Badger Meter (BMI) Tops Q3 EPS by 13c, Revenues Beat
October 16, 2020 9:01 AM EDTBadger Meter (NYSE: BMI) reported Q3 EPS of $0.51, $0.13 better than the analyst estimate of $0.38. Revenue for the quarter came in at $113.6 million versus the consensus estimate of $100.45 million.
Third Quarter 2020 Highlights
Resiliency of municipal water market evident with consolidated third quarter 2020 sales of $113.6 million, an increase of 5% compared to $108.6 million in the comparable prior year quarter; municipal water sales grew 11% year-over-year.Strong incremental profitability with a 210 basis point increase in operating profit margins.Net earnings and diluted earnings per share (EPS) were $14.9 million and $0.51, respectively, compared to $12.7 million and $0.44... More