Badger Meter (BMI) Q4 Earnings Match Estimates, Revenues Up
Zacks Investment Research | Feb 05, 2020 08:23PM ET
Badger Meter, Inc. (NYSE:BMI) reported healthy fourth-quarter 2019 results wherein net earnings and revenues increased year over year. The stock rallied 2.1% in response to the results, closing at $62.42 on Feb 05.
Net Income
GAAP earnings for the reported quarter were $12.3 million or 42 cents per share compared with $11.2 million or 39 cents per share in the year-ago quarter. The healthy year-over-year improvement in the bottom line was primarily attributable to higher revenues. In 2019, GAAP earnings improved to $47.2 million or $1.61 per share from $27.8 million or 95 cents per share in 2018 on lower pension and post-retirement costs.
Quarterly non-GAAP net earnings were $12.3 million or 42 cents per share compared with $11.6 million or 40 cents per share in the year-earlier quarter. The bottom line matched the Zacks Consensus Estimate.
Non-GAAP net earnings in 2019 improved to $47.2 million or $1.61 per share from $44.9 million or $1.54 per share a year ago. The improvement was mainly driven by higher executive retirement charges and pension termination settlement charges a year ago.
Badger Meter, Inc. Price, Consensus and EPS Surprise
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