NYSE$BMI

Badger Meter Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Badger Meter achieved record sales and earnings, surpassing $500 million in annual revenues.

Badger Meter reported record fourth-quarter sales of $135.7 million, a 21% increase compared to the prior year. Diluted EPS increased by 31% to $0.59. Strong order momentum continued, and the company exited the quarter with a record backlog.

  • Record total sales of $135.7 million, a 21% increase year-over-year.
  • Operating profit margins increased by 170 basis points.
  • Diluted earnings per share (EPS) were $0.59, a 31% increase year-over-year.
  • Cash provided by operations was $27.1 million.

Headline financials

Total Revenue

$136M

Previous: $112M+20.8%
EPS (adj)

$0.59

Previous: $0.45+31.1%
Operating Margin

16.8%

Previous: 15.1%+11.3%
Capital Expenditures

-$1.42M

Previous: $3.2M-144.4%
Free Cash Flow

$26.2M

Previous: $12.7M+106.2%
Net Income

$17.3M

Previous: $13.1M+31.9%
Operating Income

$22.9M

Previous: $17M+34.8%
Gross Profit

$54.8M

Previous: $44.1M+24.5%
Cash & Equivalents

$87.2M

Previous: $72.3M+20.6%
Total Assets

$531M

Previous: $468M+13.3%
Stock-Based Comp

$793K

Previous: $374K+112.0%

Revenue & EPS history

Badger Meter · Revenue · Quarterly

$136M

Q4 2021+20.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Badger Meter · $8M total across 1 segment · Q4 2019

  • Municipal Water
    $8M

Forward guidance

Sporadic supply chain disruptions and inflation headwinds are expected to continue in the near term, but the company expects to continue to deliver strong financial results through execution momentum.

Tailwinds

  • Strong demand for smart water solutions.
  • Well positioned to capitalize on opportunities.
  • Record backlog and order momentum.
  • Positive industry fundamentals.
  • Excellent balance sheet.

Headwinds

  • Sporadic supply chain disruptions expected to continue.
  • Inflation headwinds expected to continue.
  • Continued challenges from the pandemic.
  • Supply chain complexities.
  • Material and labor cost increases.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro