Badger Meter Reports Record Q1 Earnings with Sales Surging 23%
Thursday, 18 April 2024, 15:42
Badger Meter Q1 sales and earnings
Badger Meter recorded a 23% sales growth year over year, with net income increasing by 50%. CEO Kenneth Bockhorst attributed the exceptional results to robust customer demand and operational execution.
Sales growth among water utility customers
In the water utility sector, sales surged by 29%, indicating a positive trend in water infrastructure improvement in the US.
Analysts had forecast earnings of $0.82 per share and sales of $182.3 million, but Badger exceeded expectations with earnings of $0.99 per share and sales of $196.3 million.
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