Badger Meter reports company records in first-quarter earnings

Freeman Staff

April 20, 2017

MILWAUKEE - Badger Meter on Wednesday reported a record for its first quarter of the year.

Its total net sales ($101.6 million), net earnings ($8.74 million) and diluted earnings per share ($0.30) were all records and a produced major increases from last year's numbers.

Richard A. Meeusen, the chairman, president and chief executive officer of Badger Meter, said that the growth in the company was partly due to technological advances in many of its products.

"This was an excellent quarter for Badger Meter," Meeusen said. "Our net sales, net earnings and diluted earnings per share set new first quarter records, despite a challenging comparison against our record first quarter performance last year.

"Sales of our E-Series Ultrasonic meters, ORION Cellular radios and BEACON Advanced Metering Analytics managed solution were all up over last year's strong first quarter. We are especially encouraged by the growing customer acceptance of our ultrasonic solid-state metering technology."

Meeusen added that the reporting shows signs of a strong year ahead for Badger Meter.