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Dec 31, 2022
Badger Meter Q4 2022 Earnings Report
Badger Meter reported an increase in sales and EPS despite facing inflationary pressures and supply chain disruptions.
Key Takeaways
Badger Meter reported an 8.5% increase in sales for Q4 2022, reaching $147.3 million compared to $135.7 million in the prior year. Diluted earnings per share (EPS) increased to $0.60, up from $0.59 in the previous year. The company also highlighted strong cash flow, with $29.7 million in net cash provided by operations.
Total sales increased by 8.5% year-over-year to $147.3 million.
Diluted earnings per share (EPS) increased to $0.60, up from $0.59 last year.
Net cash provided by operations was $29.7 million.
Utility water sales increased 9% year-over-year.
Forward Guidance
The demand environment remains robust, aided by favorable secular growth trends for digital smart water solutions. Macro challenges have not dissipated, but the company expects pockets of inflationary leveling along with continual supply chain improvements as the year progresses.
Positive Outlook
- Robust demand environment.
- Favorable secular growth trends for digital smart water solutions.
- Ability to drive price realization.
- Expect pockets of inflationary leveling.
- Continual supply chain improvements.
Challenges Ahead
- Macro challenges have not dissipated.
- Persistent volatility in the operating environment.
- Inflationary pressures.
- Intermittent supply chain disruptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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