An Eye on Earnings Report: Badger Meter, Inc. (NYSE: BMI)

On 18 Oct 2019, Badger Meter, Inc. (NYSE: BMI) stayed among the day gainers and traded with change of 6.42% on volume of 828839 shares in the last session as compared to typical volume of 196878 shares. The stock disclosed a relocation of 13.64% away from 50 day moving average and 9.66% away from 200 day moving average. Moving closer, we can see that shares have been trading 12.98% off 20-day moving average.

Badger Meter, Inc. (BMI) recently mentioned outcomes for the third quarter ended September 30, 2019.

Third Quarter 2019 Highlights

Net sales for the third quarter of 2019 were $108.6 M contrast to $110.6 M in the similar previous year quarter; domestic water energy sales increased 2% year-over-year.
Gross profit margins remain strong at 38.4%.
GAAP net incomes and diluted earnings per share (EPS) were $12.7 M and $0.44, respectively, contrast to $2.9 M and $0.10 in the similar previous year period.
Not Including the effect of pension termination settlement and executive retirement charges in the previous year period, changed EPS was $0.44 contrast to $0.46 for the third quarter of 2018. ( See 2018 changed lead to the connected GAAP to Non-GAAP reconciliation).
$ 20.2 M of money offered by operations representing strong earnings conversion.

3rd Quarter Operating Results
” We enjoyed with the sequential enhancement in sales, with growth in the domestic community water market against a tough contrast, and continued interest in our new innovation products. In the latter half of the quarter, we began delivering our brand-new 3 and four-inch ultrasonic meters integrating our D-Flow innovation. ORION ® LTE-M radio setups at early adopters and numerous essential customers are ramping, while pilot testing at others continues. Our margins and capital results show the impact of our continuous enhancement efforts. In general, it was a solid quarter across a variety of functional and monetary procedures and I desire to thank my Badger Meter colleagues throughout the world for their efforts,” stated Kenneth C. Bockhorst, President and Chief Executive Officer of Badger Meter.
Municipal water sales minimized 3% from the strong similar previous year quarter; however, domestic community water sales grew by 2%. Sales of flow instrumentation products grew 1% year-over-year with modest increases throughout a lot of commercial end markets.
Adjusted running margins were 15.1% in the 3rd quarter of 2019 contrast to 16.1% in the comparable previous year period. Gross earnings margins were strong at 38.4%, reflective of favorable item and local sales mix, in addition to beneficial, however moderating, price/cost dynamics. However, they decreased year-over-year due entirely to the Companys recording of a discrete service warranty provision associated with a sourced system combination module for a before set up solution offered only outdoors North America.
The USA based company Badger Meter, Inc. was observed in the 5 days activity at 13.96%. The one-month efficiency of stock was 10.16%.

Local water sales minimized 3% from the strong equivalent previous year quarter; however, domestic community water sales grew by 2%. Changed operating margins were 15.1% in the 3rd quarter of 2019 contrast to 16.1% in the comparable previous year period.

On 18 Oct 2019, Badger Meter, Inc. (NYSE: BMI) remained among the day gainers and traded with modification of 6.42% on volume of 828839 shares in the last session as compared to typical volume of 196878 shares. The stock disclosed a move of 13.64% away from 50 day moving average and 9.66% away from 200 day moving average. Moving better, we can see that shares have been trading 12.98% off 20-day moving average.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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