There's a hero born every day in the United States and on this day it was these two men in the woods.
Bravo!
Bravo!
The magic pencil missed the bottom by $0.17
$39.80 now.
PE pf 44 of course is problematic but what about RS!
For the year this stk is down less than 5%!
Badger Meter, Inc. (BMI)
NYSE - Nasdaq Real Time Price.
97.81-2.55 (-2.54%)
At close: 03:59PM EDT
97.68 -0.13 (-0.13%)
After hours: 04:01PM EDT
Badger Meter (BMI) Q3 Earnings & Revenues Top Estimates, Up Y/Y Should It be an IRA stock?
Thu, October 20, 2022, 1:28 PM
In this article:
BMI
-2.82%
Badger Meter, Inc BMI reported earnings of 61 cents per share for third-quarter 2022, beating the Zacks Consensus Estimate of 60 cents. Also, the bottom line compared favorably with the year-ago quarter’s earnings of 54 cents.
Net earnings in the reported quarter were $17.9 million compared with $15.9 million in the year-ago quarter. The year-over-year improvement can be primarily attributed to higher revenues.
Quarterly net sales increased to $148 million from $128.7 million in the year-ago quarter. The 15% (up 17% excluding the unfavorable impact of the stronger US dollar) rise was primarily driven by robust customer demand. Also, the top line beat the consensus mark of $141.1 million.
Following the announcement, shares of the company jumped 3.5% on Oct 19, 2022 and closed the session at $100.36. In the past year, shares have lost 3.5% compared with the Zacks sub-industry’s decline of 23.6%
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Zacks Investment Research
Segmental Performance
In the quarter under review, utility water sales rose 17%, owing to strong demand momentum. Strength in E-Series, ultrasonic meters, ORION Cellular endpoint sales, and higher BEACON Software-as-a-Service revenues acted as major tailwinds.
Flow instrumentation sales increased 5% year over year, driven by continued strong order trends across the majority of end-market applications globally. However, it was partly offset by supply chain woes, which impacted manufacturing output.
Other Details
During the September-end quarter, gross profit was $57.5 million, up 12.4% year over year. The gross margin was 38.9%, down from the 39.8% recorded in the prior-year quarter. This downside in the margin was primarily due to rising electronic and other components, logistics and other costs. Operating earnings were $23.9 million or 16.1% of sales compared with $19.4 million and 15.1% in the year-earlier quarter.
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My experience is when a company executes like this you can buy it even in a bad Bear market.




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