Badger Meter Earnings: Everything You Must Know Now
Badger Meter Inc. (NYSE:BMI) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Badger Meter Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.38% to $0.44 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 7.72% to $88.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Badger Meter Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.53. It beat the average revenue estimate of $86 million.
Quoting Management: “The record sales in the second quarter reflected higher volumes in both our municipal water and industrial product lines. However, this increase did not translate into higher margins due to product mix,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter. The gross profit margin was 33.8% for the second quarter of 2013, compared to 36.8% for the same period in the prior year.”
Key Stats (on next page)…