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AI brief of an SEC Form 8-K · Badger Meter (BMI)

Badger Meter Q3 sales rise 26% to $186.2 million; diluted EPS up 44% to $0.88

Positive Impact 3 of 5 earnings Written later

Badger Meter reported record third quarter 2023 results, with net sales of $186.2 million, up 26% from $148.0 million a year earlier. Diluted earnings per share rose 44% to $0.88, and operating earnings increased 31%. The company also announced a 20% increase in its annual dividend rate, its 31st consecutive annual increase.

Key points

  • Net sales of $186.2 million, up 26% from $148.0 million in the third quarter of 2022.
  • Diluted EPS of $0.88, up from $0.61; the 20.3% tax rate included a discrete favorable income tax benefit.
  • Operating profit margin expanded 80 basis points to 16.9% from 16.1%.
  • Annual dividend rate increased 20%, the 31st consecutive annual increase; net cash provided by operations was $31 million, up 32%.

The filing

CompanyBadger Meter (BMI)
Form8-K, current report
Filed with the SECOct 19, 2023, 8:35 AM ET
Accession number0001157523-23-001505

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 October 19, 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.