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Badger Meter Reports Record Fourth Quarter Sales; Also Achieves Record Sales, Earnings and Earnings Per Share from Continuing Operations for 2014
MILWAUKEE--(BUSINESS WIRE)--February 5, 2015--Badger Meter, Inc. (NYSE: BMI) today reported results for the fourth quarter and year ended December 31, 2014.
Fourth Quarter 2014 Highlights
- Net sales were a record $89,339,000 for the fourth quarter of 2014, a 10.3% increase from sales of $81,010,000 for the fourth quarter of 2013.
- Net earnings were $6,001,000 for the fourth quarter of 2014, a 5.9% decrease from net earnings of $6,380,000 for the fourth quarter of 2013.
- Diluted earnings per share were $0.42 for the fourth quarter of 2014, a 4.5% decrease from earnings per share of $0.44 for the fourth quarter of 2013.
Full Year 2014 Highlights
- Net sales were $364,768,000 for 2014, a 9.2% increase from sales of $334,122,000 for 2013.
- Net earnings were $29,678,000 for 2014, a 20.6% increase from net earnings of $24,617,000 for 2013.
- Diluted earnings per share were $2.06 for 2014, a 21.2% increase from diluted earnings per share of $1.70 for 2013.
“2014 was a very good year for Badger Meter. We achieved record sales, earnings and earnings per share from continuing operations. Our fourth quarter 2014 sales were also a record, however net earnings were negatively impacted by an unusual item related to the acquisition of National Meter and Automation,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter.
The following information was filed by Badger Meter Inc (BMI) on Thursday, February 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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