NYSE$BMI
Badger Meter Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Badger Meter reported record earnings driven by strong sales growth and improved operating margins.
Badger Meter reported record third-quarter results with a 26% increase in sales and a 44% increase in diluted earnings per share. The company benefited from strong demand for its smart water solutions and improved supply chain conditions.
- Total sales increased by 26% year-over-year to $186.2 million.
- Operating profit increased by 31% year-over-year, with operating profit margins expanding to 16.9%.
- Diluted earnings per share (EPS) increased by 44% to $0.88.
- Net cash provided by operations increased 32% over the prior year to $31 million.
Headline financials
Revenue & EPS history
Badger Meter · Revenue · Quarterly
$186M
Revenue by segment
Badger Meter · $8M total across 1 segment · Q4 2019
- Municipal Water$8M—100.0%
Forward guidance
Badger Meter anticipates strong sales and operating performance, with sequentially fewer total operating days due to holidays in the fourth quarter. They expect to capitalize on the strength of end markets and maintain focus on execution.
Tailwinds
- Healthy market conditions
- Business momentum
- Resilient order pace
- Robust bid funnel
- Strong customer support
Headwinds
- Sequentially fewer total operating days due to holidays in the fourth quarter.
- General economic conditions
- Variation in demand from customers
- Continued market acceptance of new products
- Competitive pricing and operating efficiencies
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 Q3 2023
+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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