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Dec 31, 2020
Badger Meter Q4 2020 Earnings Report
Badger Meter reported a strong fourth quarter, marked by a 4% increase in sales and strategic acquisitions.
Key Takeaways
Badger Meter reported a 4% increase in sales for Q4 2020, reaching $112.3 million. The company's net earnings were $13.1 million, with diluted EPS at $0.45. The acquisition of s::can GmbH contributed to the sales increase, while utility water sales also saw growth. The company is confident in its growth plans and the long-term drivers of its offerings.
Total sales increased by 4% to $112.3 million compared to the prior year quarter.
Net earnings reached $13.1 million, with diluted EPS at $0.45.
The acquisition of s::can GmbH added online water quality monitoring solutions.
Utility water sales increased by 8%, with s::can contributing approximately 3% of the increase.
Forward Guidance
Badger Meter anticipates the overall economic environment will remain uncertain but is confident in its strategic growth plans and the fundamental long-term drivers of its offerings. Strategic pricing initiatives have and continue to be implemented, the recent rapid and significant escalation in brass costs may be an impediment to near-term margin expansion opportunities.
Positive Outlook
- Confident in strategic growth plans.
- Leveraging industry-leading ORION® Cellular endpoints.
- Creating robust digital solutions to operationalize real-time data.
- Inclusion of s::can and ATi portfolio of water quality monitoring solutions.
- Order backlog, sales momentum, and encouraging pipeline of potential business gives us confidence as we start the new year.
Challenges Ahead
- Overall economic environment will remain uncertain.
- Recent rapid and significant escalation in brass costs may be an impediment to near-term margin expansion opportunities.
- COVID-19 pandemic may have potential negative impacts on the global economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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