Badger Meter Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Badger Meter (NYSE:BMI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$208.4m (up 12% from 3Q 2023).
• Net income: US$32.0m (up 23% from 3Q 2023).
• Profit margin: 15% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.09 (up from US$0.89 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Badger Meter EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 6.5%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 9.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Badger Meter's balance sheet and an in-depth analysis of the company's financial position.

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