Badger Meter ( (BMI) ) has released its Q4 earnings. Here is a breakdown of the information Badger Meter presented to its investors.
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Badger Meter, Inc. is a company specializing in water technology, offering comprehensive water management solutions through its BlueEdge™ platform, which includes smart measurement hardware, reliable communications, data visualization and analytics software.
In its latest earnings report for the fourth quarter and full year 2024, Badger Meter showcased strong financial performance, with significant increases in sales, operating profit, and earnings per share. The company also achieved record cash flow and continued to expand its BlueEdge suite through strategic acquisitions.
Key financial highlights for the fourth quarter of 2024 include a 13% increase in total sales to $205.2 million, a 22% rise in operating profit, and a 24% growth in diluted earnings per share. For the full year, total sales reached a record $826.6 million, up 18% from the previous year, while diluted EPS increased 35% to $4.23. The introduction of the BlueEdge platform and the acquisition of SmartCover Systems further strengthened the company’s market position.
Looking ahead, Badger Meter remains committed to its strategic goals, including achieving high single-digit sales growth and continued margin expansion. The company plans to leverage its technological innovations and strategic acquisitions to capitalize on the growing demand for digital water management solutions.
