Badger Meter Inc (BMI) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Exhibit 99.1

Badger Meter Reports Third Quarter 2018 Results

MILWAUKEE--(BUSINESS WIRE)--October 17, 2018--Badger Meter, Inc. (NYSE: BMI) today reported results for the third quarter ended September 30, 2018.

Third Quarter 2018 Highlights

• Net sales were $110.6 million for the third quarter of 2018, a 10.6% increase from sales of $100.0 million for the third quarter of 2017.
• GAAP net earnings and diluted earnings per share (EPS) were $2.9 million and $0.10, respectively, compared to $8.0 million and $0.27 in the comparable prior year period.
• Excluding the impact of pension termination settlement and executive retirement charges, adjusted EPS was a record $0.46 for the third quarter of 2018, a 70% increase from EPS of $0.27 in the third quarter of 2017.

Year-to-Date 2018 Highlights

• Net sales were $329.3 million for the nine months ended September 30, 2018, a 7.7% increase from sales of $305.8 million for the comparable prior year period.
• GAAP net earnings and EPS were $16.6 million and $0.57, respectively, compared to $27.3 million and $0.94 in the comparable prior year period.
• Excluding the impact of pension termination settlement and executive retirement charges, adjusted EPS was $1.14 for the nine months ended September 30, 2018, a 21% increase from EPS of $0.94 in the comparable prior year period.