BROWN DEER –
Badger Meter Inc. saw a 59 percent increase in earnings in its
first quarter, according to a company statement.
"We are pleased with the first quarter results, especially the
first quarter record sales, compared to last year's unusually
weak first quarter. The sales increase was across the board,
with higher sales of both residential and commercial municipal
water products and flow instrumentation products," said Richard
A. Meeusen, chairman, president and chief executive officer of
The Brown Deer manufacturer of water meters and water sensors
said during its fiscal first quarter, which ended March 31, net
income rose to $4.63 million, or 32 cents a share, from $2.91
million, or 20 cents, a year earlier.
Sales rose 16 percent to $83.5 million from $71.8 million, the
Heavy snowfall and Hurricane Sandy put a stop to a number of
projects that would have required water meters, causing a slump
in business in the first quarter of 2013, according to the
"2014 is off to a good start, with a solid first quarter. We
believe we are positioned for continued progress in the year
ahead,” Meeusen said.