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Badger Meter BMI Q2 2024 earnings

Reported July 19, 2024 · Before market open

Revenue estimate$203.4M
EPS estimate$1.03

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$220.2M
EPS estimate$1.01

Financials

Q2 2024

Income statement

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Revenue$216.7M+23.2%
Gross profit$85.4M+22.9%
Operating income$41.5M+40.7%
Net income$33.1M+47.0%
EPS (diluted)$1.12+47.4%

Balance sheet

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Cash & equivalents$226.2M+59.5%
Total debt$6.7M-0.8%
Total equity$563.1M+18.4%
Total assets$781.3M+18.5%

Cash flow

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Operating cash flow$36.4M+59.9%
CapEx$2.3M-12.1%
Free cash flow$34.1M+69.5%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$5.48B+26.6%
Enterprise value$5.26B+25.5%
P/E48.5×-7.4×
P/S+0.1×

Profitability

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Gross margin39.2%+0.1pp
Operating margin18.1%+2.1pp
Net margin14.4%+2.2pp
FCF margin15%+1.6pp

Returns & leverage

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Return on equity21.7%+4.4pp
Debt / equity0.0×
Current ratio3.7×+0.4×

Segments

By geography

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Europe$9.4M+9.3%
Middle East$5.5M+170%
Asia$2.7M-18.8%
Other Geographical Areas$641.0K+24.2%

By product

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Software As A Service$14.2M+34.8%

Versus estimates

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Questions, answered.

When did Badger Meter report Q2 2024 earnings?
Badger Meter (BMI) reported Q2 2024 earnings on July 19, 2024 before market open.
What were Badger Meter's Q2 2024 revenue and EPS?
Badger Meter reported revenue of $216.7M and diluted EPS of $1.12 for Q2 2024.
Did Badger Meter beat estimates in Q2 2024?
Revenue beat the consensus estimate of $203.4M by $13.3M. EPS beat the consensus estimate of $1.03 by $0.09.
Where can I find Badger Meter's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-085171) directly on SEC EDGAR. The filing index links above go to sec.gov.