Badger Meter Earnings: Everything You Must Know Now
Badger Meter Inc. (NYSE:BMI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Badger Meter Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 52.38% to $0.2 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Decreased 5.81% to $71.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Badger Meter Inc. reported adjusted EPS income of $0.2 per share. By that measure, the company missed the mean analyst estimate of $0.5. It missed the average revenue estimate of $79.79 million.
Quoting Management: “This was a challenging quarter for Badger Meter. Sales to water utilities were down due to weather and other factors, while our industrial sales increased slightly as a result of the acquisition of Racine Federated last year,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter.
Key Stats (on next page)…