Badger Meter Q2 sales rise 28% to $175.9 million; diluted EPS up 33% to $0.76
Badger Meter reported record second-quarter 2023 results, with net sales of $175.9 million, up 28% from $137.8 million a year earlier. Diluted earnings per share rose 33% to $0.76, and operating profit increased 34%, showing growth in both sales and profit for shareholders. Management said it expects benefits from stabilizing supply chain and inflation conditions for the rest of 2023, while acknowledging tougher comparisons in the second half.
Key points
- Q2 2023 net sales of $175.9 million, up 28% from $137.8 million
- Diluted EPS of $0.76, up from $0.57; operating profit up 34% year over year
- Operating profit margin of 16.8%, up 80 basis points from 16.0%
- Utility water sales rose 32% year over year; flow instrumentation sales rose 6%
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 July 20, 2023.
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.