Badger Meter Q1 2024 sales rise 23% to $196.3 million; diluted EPS up 50% to $0.99
Badger Meter reported first quarter 2024 results for the period ended March 31, 2024, with net sales up 23% year-over-year to $196.3 million and diluted earnings per share up 50% to $0.99. Operating profit rose 46%, and the company said operating margin reached 18.6%, and it did not provide numeric guidance in the release.
Key points
- Net sales of $196.3 million compared with $159.1 million a year earlier.
- Diluted EPS of $0.99 compared with $0.66 in the prior year quarter.
- Operating margin of 18.6%, up 290 basis points from 15.7%; utility water sales rose 29%, while flow instrumentation sales fell 3%.
- Telog/Unity remote network monitoring acquisition completed at the start of 2024; the company will hold a conference call on April 18, 2024.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.