Badger Meter: 4Q Earnings Snapshot
MILWAUKEE (AP) _ Badger Meter Inc. (BMI) on Tuesday reported fourth-quarter earnings of $11.2 million.
On a per-share basis, the Milwaukee-based company said it had net income of 39 cents. Earnings, adjusted for non-recurring costs, came to 40 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The manufacturer of products that measure gas and water flow posted revenue of $104.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $105.5 million.
For the year, the company reported profit of $27.8 million, or 95 cents per share. Revenue was reported as $433.7 million.
Badger Meter shares have climbed nearly 10 percent since the beginning of the year. The stock has increased 12 percent in the last 12 months.