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Jun 30, 2022
Badger Meter Q2 2022 Earnings Report
Badger Meter experienced record sales driven by strong customer demand and effective supply chain management, with EPS increasing due to improved operating margins.
Key Takeaways
Badger Meter reported record sales for the second quarter, driven by strong customer demand, effective supply chain management, and continued price realization. EPS increased 19% year-over-year, and the company continues to experience robust orders and backlog expansion.
Total sales increased 12% year-over-year to $137.8 million.
Diluted earnings per share (EPS) increased 19% to $0.57 compared to $0.48 in the prior year.
Operating profit margins expanded 80 basis points year-over-year.
Robust demand environment continued with strong order pace and record backlog.
Badger Meter
Badger Meter
Forward Guidance
Badger Meter expects to deliver sustainable sales growth and shareholder value, while furthering its vision to preserve and protect the world’s most precious resource.
Positive Outlook
- Strong demand for digital water solutions.
- Modestly improving supply chain conditions.
- Supply chain execution and pricing actions mitigating inflation pressures.
- Durable business model and increasing digital solutions mix.
- Proven execution and strong balance sheet.
Challenges Ahead
- Uncertain macroeconomic conditions.
- Possible ongoing negative impacts of COVID-19 on the global economy.
- General economic conditions.
- Supply chain risk.
- Material and labor cost increases.