Rising Sales Propel Badger Meter's Stock to New Heights
What Badger Meter does
Badger Meter generates most of its revenue from selling smart metering solutions to utility companies, helping them measure water usage accurately. They also offer leak detection and clean water services, with a focus on both the utility and industrial sectors.
Badger Meter's first quarter earnings
Badger Meter, along with other key players, dominates the North American utility water metering market, with a notable increase in smart water meter sales in the first quarter leading to a 23% year-over-year sales growth.
A stock to buy?
Despite the impressive growth, Badger Meter's performance is not heavily reliant on federal infrastructure spending, indicating a strong internal growth engine. However, investors should watch out for upcoming industry reports to gauge future market trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.