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Badger Meter (BMI)
NYSE:BMI
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Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.07Last Year’s EPS
$0.84Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -0.78%
|Next Earnings Date:Jan 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, including significant sales growth and record cash flow, bolstered by increasing reliance on their digital solutions. However, potential weather-related project delays and increased tax rates were noted as challenges. The overall sentiment is positive with a focus on continued growth and strategic investments.Company Guidance
During the third quarter of 2024, Badger Meter reported a strong financial performance with a notable 12% year-over-year sales growth despite challenging comparisons. The company achieved record operating margins of 19.5%, bolstered by a 110 basis point improvement in gross margins to 40.2% and SEA leverage. Software as a Service (SaaS) revenues grew approximately 35%, driven by increasing customer reliance on the BEACON digital solution. Earnings per share (EPS) improved by 23% to $1.08, and free cash flow reached a record $42 million, a 48% increase from the previous year. The income tax provision was 25.3%, and working capital as a percentage of sales improved to 21.7%. The company remains optimistic about its strategic priorities and growth opportunities, despite potential near-term project delays in hurricane-impacted regions.Strong Financial Metrics
Reported a 12% year-over-year top line sales growth and record operating margins of 19.5%. Gross profit dollars increased 15% year-over-year, with gross margins improving 110 basis points from the prior year.
Software as a Service Revenue Increase
Software as a Service revenues increased approximately 35% in the quarter, reflecting a growing reliance on the BEACON digital solution.
Record Cash Flow
Record quarterly free cash flow of $42 million, marking a 48% increase from the prior year's $28 million.
Successful Product Demonstrations
Demonstrated BlueEdge solutions to utility and industrial customers, receiving positive feedback on product resilience during severe weather events.
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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 |
|---|---|---|---|
| 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% |
| Jan 26, 2024 | $151.36 | $142.86 | -5.62% |
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 Jan 24, 2025, TBA Not Confirmed.
What is Badger Meter (BMI) earnings time?
Badger Meter (BMI) earnings time is at Jan 24, 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 2024 (Q4) is $1.07.
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