NYSE$BMI
Badger Meter Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Badger Meter achieved record sales and strong earnings, driven by robust order pace and contributions from water quality acquisitions.
Badger Meter reported a 35% increase in total sales, reaching a record $122.9 million, and diluted earnings per share increased by 45% to $0.48. The company benefited from strong order activity, recent acquisitions, and value-based pricing, though component availability and logistics challenges persisted.
- Total sales increased 35% to a record $122.9 million.
- Diluted earnings per share (EPS) increased 45% to $0.48.
- Utility water sales increased 38% year-over-year.
- Operating margins increased 130 basis points to 15.2%.
Headline financials
Revenue & EPS history
Badger Meter · Revenue · Quarterly
$123M
Revenue by segment
Badger Meter · $8M total across 1 segment · Q4 2019
- Municipal Water$8M—100.0%
Forward guidance
Badger Meter anticipates component shortages, allocations, and lengthened lead times will persist at least through the remainder of the year. The company remains focused on converting its robust order book, opportunity pipeline and existing record backlog into sales as we continue to navigate the broad-based waves of component shortages, allocations and lengthened lead times that we anticipate will persist at least through the remainder of the year.
Tailwinds
- Expanding portfolio of end-to-end smart water offerings
- Sustained high order level
- Generating strong profitability amidst challenging price/cost environment
- Advancing acquisition integration and execution of related growth strategies
- Strong cash flow and credit availability
Headwinds
- Component shortages
- Allocations
- Lengthened lead times
- Challenging price/cost environment
- Sporadic supply chain disruptions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.6%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+3.6%
Avg return
30 days after
58%
38 / 66 earnings
Positive
+17.8%
Q3 2012
Best reaction
-13.2%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -18.9% | -25.5% | |
| Q4 2025 | -11.0% | -7.7% | -7.3% | |
| Q3 2025 | -5.5% | -0.1% | -10.3% | |
| Q2 2025 | -1.0% | -2.8% | -7.9% | |
| Q1 2025 | +9.6% | +13.4% | +33.2% | |
| Q4 2024 | +2.6% | +6.2% | +0.8% | |
| Q3 2024 | -5.5% | -9.5% | -2.0% | |
| Q2 2024 | +3.9% | +3.7% | +3.1% | |
| Q1 2024 | +15.5% | +21.8% | +28.9% | |
| Q4 2023 | -3.9% | -5.5% | +2.8% | |
| Q3 2023 | +1.6% | +1.6% | +10.1% | |
| Q2 2023 | +12.6% | +13.2% | +9.5% | |
| Q1 2023 | +12.6% | +10.2% | +18.1% | |
| Q4 2022 | -3.2% | +2.5% | +1.1% | |
| Q3 2022 | +0.7% | +7.2% | +19.8% | |
| Q2 2022 | +9.5% | +7.9% | +22.4% | |
| Q1 2022 | -7.1% | -11.3% | -17.8% | |
| Q4 2021 | +17.3% | +19.7% | +16.0% | |
| Q3 2021 | -0.6% | +1.1% | +6.3% | |
| Q2 2021 | +4.6% | +5.9% | +8.2% | |
| Q1 2021 | -1.9% | +1.0% | -3.7% | |
| Q4 2020 | -2.7% | -0.4% | +12.4% | |
| Q3 2020 | +7.6% | +5.0% | +6.7% | |
| Q2 2020 | -4.1% | -3.1% | +2.9% | |
| Q1 2020 | +11.7% | +6.8% | +6.7% | |
| Q4 2019 | +6.0% | +10.5% | +3.1% | |
| Q3 2019 | +17.2% | +13.7% | +14.3% | |
| Q2 2019 | -7.3% | -7.2% | -7.2% | |
| Q1 2019 | -3.1% | -3.3% | -9.8% | |
| Q4 2018 | +8.1% | +10.1% | +5.8% | |
| Q3 2018 | -2.3% | -3.1% | +6.4% | |
| Q2 2018 | +11.5% | +14.9% | +15.0% | |
| Q1 2018 | -8.2% | -5.7% | -6.7% | |
| Q4 2017 | -0.5% | -3.0% | +1.2% | |
| Q3 2017 | -13.2% | -14.8% | -14.9% | |
| Q2 2017 | +8.0% | +9.7% | +6.8% | |
| Q1 2017 | +10.1% | +15.0% | +8.0% | |
| Q4 2016 | -8.9% | -7.0% | -11.1% | |
| Q3 2016 | -7.1% | -4.3% | +5.6% | |
| Q2 2016 | -4.9% | -6.3% | -7.4% | |
| Q1 2016 | +11.0% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | -5.2% | — | — | |
| Q2 2015 | -10.9% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | +5.1% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | -10.5% | — | — | |
| Q4 2012 | -5.1% | — | — | |
| Q3 2012 | +17.8% | — | — | |
| Q2 2012 | -9.0% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2009 | +3.9% | — | — | |
| Q4 2011 | +3.9% | — | — | |
| Q3 2010 | +9.9% | — | — | |
| Q3 2011 | +9.9% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2010 | -0.6% | — | — |
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