Badger Meter (BMI) Beats On Q4 Earnings, Falters On Revenues
Zacks Investment Research | Feb 05, 2019 08:32PM ET
Badger Meter, Inc. (NYSE:BMI) reported relatively healthy fourth-quarter 2018 results with year-over-year increase in revenues and earnings on the back of solid growth dynamics. The company expects to continue this growth momentum in 2019 with leading technology offerings and a customer-focused strategy.
Net Income
On a GAAP basis, net earnings for the fourth quarter were $11.2 million or 39 cents per share compared with $7.2 million or 25 cents per share in the year-ago quarter. The increase, despite higher cost of sales, was primarily due to higher revenues and lower provision for income tax.
Adjusted net earnings increased 60% year over year to 40 cents per share, and beat the Zacks Consensus Estimate by a couple of cents.
Badger Meter, Inc. Price, Consensus and EPS Surprise
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