Badger Meter (BMI) Misses Q3 EPS by 8c, Miss on Revenue

Badger Meter (NYSE: BMI) reported Q3 EPS of $0.27, $0.08 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $100 million versus the consensus estimate of $102.9 million.

Third Quarter 2017 Highlights

• Net sales of $100,008,000 for the third quarter of 2017 were a record for any third quarter and increased 3.9% from sales of $96,273,000 for the third quarter of 2016.
• Net earnings of $7,975,000 for the third quarter of 2017 decreased 9.3% from net earnings of $8,792,000 for the third quarter of 2016.
• Diluted earnings per share of $0.27 for the third quarter of 2017 decreased 10.0% from diluted earnings per share of $0.30 for the third quarter of 2016.

For earnings history and earnings-related data on Badger Meter (BMI) click here.

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