Image source: Badger Meter Fourth Quarter / 2021 Full Year Earnings AnnouncementJanuary 28, 2021
Badger meter (BMI) Reported record revenues on Friday, the fourth quarter of 2021, with total revenue of $ 135.7 million, up 21% year-over-year.
Milwaukee-based providers of flow measurement, water quality and system control products reported a $ 0.59 diluted earnings per share, up 31% from the fourth quarter of 2020.
According to Zacks consensus estimates, the street was looking for an EPS of $ 0.44 with a revenue of $ 127 million.
For the full year 2021, the company recorded record sales of $ 505.2 million, up 19% year-on-year. EPS for the full year was up 23% to $ 2.08.
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Image source: BigCharts
Badger Meter’s share price traded well on Friday against the backdrop of strong earnings announcements, but was 16% below its December 2021 high.
Even after today’s rally, despite its current market capitalization of less than $ 2.8 billion, the company is good enough about how well it worked in the effects of the COVID-19 pandemic, supply chain disruption, and inflationary pressures. You may not have the credit.
Over the next year, we will see multiple drivers for Badger Meter stock.
- Obviously strong financial management that promoted Full-year operating margin increased by 30 basis points Despite challenging the dynamics of the supply chain.
- The Core utility water business grew by 23.4% The fourth quarter was year-over-year, now 13% above pre-pandemic levels in 2019.
- The company will be in 2021 Record the backlog Of the order.
- The company is in a very good position to continue to benefit Sustainability Initiative for the entire customer base..
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Source: Equity news
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