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Badger Meter (BMI)
NYSE:BMI
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: 4.60%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in revenue growth, profitability, and strategic acquisitions, offset by concerns over increased expenses and potential short-term dilution from the SmartCover acquisition. However, the company's positive outlook and strategic positioning suggest a focus on long-term growth.Company Guidance
During the Q4 2024 earnings call, Badger Meter reported strong financial performance, highlighted by a 13% increase in quarterly sales and a record free cash flow of $47.4 million, marking a 32% year-over-year growth. The company achieved a gross profit margin of 40.3%, an improvement of 110 basis points from the previous year, while operating margins expanded by 150 basis points to 19.1%. Earnings per share rose by 24% to $1.04. Additionally, the acquisition of SmartCover was announced, which is expected to enhance Badger Meter's BlueEdge suite by incorporating sewer and lift station monitoring solutions. The acquisition was financed with $185 million in cash, and SmartCover is expected to contribute $35 million in sales with high single-digit EBITDA margins. Looking forward, Badger Meter anticipates high single-digit top-line growth, supported by robust demand for its smart water solutions.Record Revenue and Sales Growth
Badger Meter delivered 13% quarterly sales growth in Q4 2024, on top of a 24% increase in the prior year. Total utility water product line sales increased 14% year-over-year, with broad-based growth led by cellular AMI adoption.
Strong Financial Performance
Gross profit margins improved by 110 basis points to 40.3%, and operating margins expanded 150 basis points to 19.1%. Consolidated EPS was $1.04, a 24% improvement from the prior year.
Successful Acquisition of SmartCover
Badger Meter announced the acquisition of SmartCover for $185 million, enhancing its portfolio with sewer and lift station monitoring solutions. This acquisition is expected to leverage Badger Meter's market position and drive long-term shareholder value.
Improved Working Capital and Cash Flow
Primary working capital as a percent of sales improved to 20.8% from 23.8% the previous year. Free cash flow reached a record $47.4 million, up 32% year-over-year.
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BMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $208.58 | $213.91 | +2.56% |
| Oct 17, 2024 | $219.43 | $205.63 | -6.29% |
| Jul 19, 2024 | $193.36 | $189.95 | -1.76% |
| Apr 18, 2024 | $152.30 | $177.66 | +16.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Badger Meter (BMI) report earnings?
Badger Meter (BMI) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Badger Meter (BMI) earnings time?
Badger Meter (BMI) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMI EPS forecast?
BMI EPS forecast for the fiscal quarter 2025 (Q1) is 1.08.
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