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Mar 31, 2021
Badger Meter Q1 2021 Earnings Report
Badger Meter reported a strong quarter with sales, margin, EPS, and cash flow increasing.
Key Takeaways
Badger Meter reported a strong first quarter with total sales of $117.8 million, a 9% increase compared to the prior year. Diluted EPS increased by 15% to $0.47, and the company generated $30.6 million in cash from operations. The company also deployed $44 million to acquire Analytical Technologies, Inc (ATi).
Total sales increased by 9% to $117.8 million compared to the prior year.
Diluted earnings per share (EPS) increased by 15% to $0.47.
Cash from operations was robust at $30.6 million.
Acquired Analytical Technologies, Inc (ATi) for $44 million to enhance water quality monitoring offerings.
Badger Meter
Badger Meter
Forward Guidance
The company is confident in its short and long-term growth trajectory, despite electronics shortages and logistics bottlenecks.
Positive Outlook
- Strong operational agility will support customers through effective sourcing and supply chain management.
- Fundamental long-term drivers supporting offerings are clear.
- Well-positioned to capitalize on the growing momentum in demand.
- Robust order rates, record backlog and expanding pipeline of potential business
- Capturing and providing real-time data empowers customers to make smarter operational decisions with positive sustainability benefits.
Challenges Ahead
- Universal electronics shortages continue to present challenges.
- Logistics bottlenecks continue to present challenges.
- Navigating intermittent disruptions are likely to add to the traditionally “uneven” sales patterns during the year.
- Rising brass input costs
- Short-term margin impact from the fair value step-up of acquired inventory at s::can and ATi.