Badger Meter reports Q2 EPS $1.12, consensus $1.03

Reports Q2 revenue $216.66M, consensus $203.45M. “Our second quarter sales surpassed the $200 million milestone for the first time on the continued strength of AMI demand coupled with customer-accelerated backlog conversion. Record operating profit margins and robust EPS growth in the quarter were the result of higher sales volumes, operational execution and continued selling, engineering and administration (SEA) expense leverage,” said Kenneth Bockhorst, chairman, president and CEO. “I want to thank our employees across the globe for their collective contributions to this record financial performance and for their tireless support of our customers.”