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Jun 30, 2021
Badger Meter Q2 2021 Earnings Report
Badger Meter achieved record sales and strong earnings, driven by robust order pace and contributions from water quality acquisitions.
Key Takeaways
Badger Meter reported a 35% increase in total sales, reaching a record $122.9 million, and diluted earnings per share increased by 45% to $0.48. The company benefited from strong order activity, recent acquisitions, and value-based pricing, though component availability and logistics challenges persisted.
Total sales increased 35% to a record $122.9 million.
Diluted earnings per share (EPS) increased 45% to $0.48.
Utility water sales increased 38% year-over-year.
Operating margins increased 130 basis points to 15.2%.
Badger Meter
Badger Meter
Badger Meter Revenue by Segment
Revenue by Segment
Flow Instrumentation Revenue
CapyFin.com Forward Guidance
Badger Meter anticipates component shortages, allocations, and lengthened lead times will persist at least through the remainder of the year. The company remains focused on converting its robust order book, opportunity pipeline and existing record backlog into sales as we continue to navigate the broad-based waves of component shortages, allocations and lengthened lead times that we anticipate will persist at least through the remainder of the year.
Positive Outlook
- Expanding portfolio of end-to-end smart water offerings
- Sustained high order level
- Generating strong profitability amidst challenging price/cost environment
- Advancing acquisition integration and execution of related growth strategies
- Strong cash flow and credit availability
Challenges Ahead
- Component shortages
- Allocations
- Lengthened lead times
- Challenging price/cost environment
- Sporadic supply chain disruptions