Last $59.95 USD
Change Today +0.06 / 0.10%
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badger meter inc (BMI) Key Developments

Badger Meter Inc. Declares Regular Quarterly Cash Dividend, Payable on December 15, 2014

The Badger Meter Inc. Board of Directors declared a regular quarterly cash dividend of 19 cents per share to shareholders of record November 28, 2014, payable December 15, 2014.

Badger Meter Seeks Acquisitions

Badger Meter Inc. (NYSE:BMI) is seeking acquisitions. Rich Meeusen, Chairman, President and Chief Executive Officer of Badger Meter, said, "We think the real opportunity with National Meter is that down the road, as other territories become available in our distribution network or other distributors become available we are going to look at them pretty aggressively as to whether we want to make some acquisitions or assign additional open territory to National Meter to allow them to grow, and basically grow our own distribution network, if you will. So, we are definitely going to look at this as a new strategy and a new opportunity going forward."

Badger Meter Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Badger Meter Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For he quarter, the company reported net sales of $96,271,000 against $92,963,000 a year ago. Operating earnings were $15,983,000 against $13,873,000 a year ago. Earnings before income taxes were $15,710,000 against $13,609,000 a year ago. Net earnings were $10,231,000 against $9,049,000 a year ago. Diluted earnings per share were $0.71 against $0.63 year ago. Third quarter performance was driven by higher sales of residential municipal water products and flow instrumentation products, while sales of commercial water products were down slightly. He noted that the third quarter results include a non-cash pension charge of $680,000, or $0.03 per diluted share. For the nine months, the company reported net sales of $275,429,000 against $253,112,000 a year ago. Operating earnings were $37,894,000 against $28,758,000 a year ago. Earnings before income taxes were $37,019,000 against $27,914,000 a year ago. Net earnings were $23,677,000 against $18,237,000 a year ago. Diluted earnings per share were $1.66 against $1.26 a year ago. The fourth quarter is typically not as strong as the first three quarters due to the seasonality of its business, the company believe that with its new products, long-standing customer relationships and solid balance sheet, the company are well positioned for the remainder of 2014.

Badger Meter Inc. Presents at Baird 2014 Industrial Conference, Nov-11-2014 11:00 AM

Badger Meter Inc. Presents at Baird 2014 Industrial Conference, Nov-11-2014 11:00 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States.

Badger Meter Inc., Q3 2014 Earnings Call, Oct 16, 2014

Badger Meter Inc., Q3 2014 Earnings Call, Oct 16, 2014

 

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BMI

Industry Average

Valuation BMI Industry Range
Price/Earnings 27.6x
Price/Sales 2.3x
Price/Book 3.9x
Price/Cash Flow 27.9x
TEV/Sales 2.1x
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