Badger Meter Reports Strong Q4, Exceeding Expectations
MILWAUKEE, Wis. – Badger Meter Inc. (BMI) announced fourth-quarter earnings of $30.7 million, translating to earnings per share of $1.04. This outperformed Wall Street estimates of $1.01 per share, as projected by Zacks Investment Research.
Revenue for the quarter reached $205.2 million, also surpassing analysts' forecasts of $200 million. For the full year, the company recorded a profit of $124.9 million (or $4.23 per share) and revenue of $826.6 million.
Badger Meter's shares have experienced a modest decline of approximately 2% year-to-date. However, the stock has witnessed a significant gain of 43% over the past 12 months.