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Dec 31, 2023
Badger Meter Q4 2023 Earnings Report
Badger Meter reported strong Q4 2023 results driven by robust demand and operational execution.
Key Takeaways
Badger Meter reported a strong Q4 2023 with a 24% increase in sales, record operating profit margins of 17.6%, and record cash flow. EPS increased by 40% to $0.84.
Total sales increased by 24% year-over-year to $182.4 million.
Operating profit increased by 43% year-over-year, with operating profit margins expanding to 17.6%.
Diluted earnings per share (EPS) increased by 40% to $0.84.
Net cash provided by operations increased 28% over the prior year to $37.9 million.
Badger Meter
Badger Meter
Forward Guidance
Badger Meter expects to grow sales and earnings year-over-year, focusing on customers, innovative technologies, and operational excellence.
Positive Outlook
- Committed to focusing on customers.
- Offering innovative and differentiated technologies.
- Driving operational excellence.
- Resilient order pace.
- Robust bid funnel and backlog.