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

Badger Meter Q4 sales rise 24% to $182.4 million; diluted EPS up 40% to $0.84

Positive Impact 3 of 5 earnings Written later

Badger Meter reported fourth quarter and full year 2023 results in a press release furnished under Item 2.02. Fourth quarter net sales rose 24% to $182.4 million and diluted EPS rose 40% to $0.84, while full year sales reached $703.6 million and diluted EPS reached $3.14, up 39%. Growth in utility water sales and higher margins drove the results, which the company says it expects to support sales and earnings growth in 2024.

Key points

  • Q4 2023 net sales were $182.4 million, up 24% from $147.3 million a year earlier.
  • Q4 2023 operating profit margin was 17.6%, up 230 basis points from 15.3%.
  • Full year 2023 diluted EPS was $3.14, up from $2.26, and full year net cash from operations was $110.1 million.
  • Management said it is confident in growing sales and earnings year-over-year in 2024; a conference call was held January 26, 2024 at 10:00 AM Central.

The filing

CompanyBadger Meter (BMI)
Form8-K, current report
Filed with the SECJan 26, 2024, 8:35 AM ET
Accession number0001157523-24-000122

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 January 26, 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.