Please wait while we load the requested 10-Q report or click the link below:
Badger Meter Reports First Quarter 2018 Results
MILWAUKEE--(BUSINESS WIRE)--April 17, 2018--Badger Meter, Inc. (NYSE: BMI) today reported results for the first quarter ended March 31, 2018.
First Quarter 2018 Highlights
- Net sales were a record $105,041,000 for the first quarter of 2018, a 3.4% increase from sales of $101,606,000 for the first quarter of 2017.
- Net earnings were $7,546,000 for the first quarter of 2018, a 13.8% decrease from net earnings of $8,749,000 for the first quarter of 2017.
- Diluted earnings per share were $0.26 for the first quarter of 2018, a 13.3% decrease from diluted earnings per share of $0.30 for the first quarter of 2017.
“Our first quarter net sales were a record for any quarter, helped by increased BEACON® Advanced Metering Analytics (AMA) revenue and the recent D-Flow® and Carolina Meter acquisitions,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter. In addition, this was another strong quarter for flow instrumentation product sales, despite the planned shutdown of our Scottsdale, Arizona location and transition of those operations to our Racine, Wisconsin facility,” added Meeusen.
However, domestic municipal water meter sales were flat, caused in part by a delay in several expected orders due to poor weather conditions in a number of our key markets. We expect these delayed orders to be shipped in the second and third quarters. Continued growth in international sales helped offset the slow start in the domestic market, including a sizable municipal water order received from the Middle East. In addition, price increases on many products took effect at the beginning of the year and will be fully realized over the next several quarters.
The following information was filed by Badger Meter Inc (BMI) on Tuesday, April 17, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Badger Meter Inc's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Badger Meter Inc.