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Badger Meter BMI Q3 2024 earnings

Reported October 17, 2024 · Before market open

Revenue estimate$212.1M
EPS estimate$1.11

Next report

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

Financials

Q3 2024

Income statement

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Revenue$208.4M+11.9%
Gross profit$83.9M+15.3%
Operating income$40.6M+29.3%
Net income$32.0M+23.4%
EPS (diluted)$1.08+22.7%

Balance sheet

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Cash & equivalents$259.0M+59.0%
Total debt$6.6M+6.8%
Total equity$591.2M+20.0%
Total assets$802.9M+16.4%

Cash flow

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Operating cash flow$45.1M+43.4%
CapEx$3.1M+3.9%
Free cash flow$42.0M+47.6%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$6.42B+52.3%
Enterprise value$6.17B+52.0%
P/E54×+4.6×
P/S+1.7×

Profitability

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Gross margin39.5%+0.4pp
Operating margin18.8%+2.5pp
Net margin14.8%+2.0pp
FCF margin16.3%+2.7pp

Returns & leverage

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Return on equity21.9%+3.3pp
Debt / equity0.0×
Current ratio4.1×+0.8×

Segments

By geography

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Europe$9.7M-0.9%
Middle East$3.4M+55.0%
Asia$3.2M-11.1%
Other Geographical Areas$496.0K-19.9%

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 Q3 2024 earnings?
Badger Meter (BMI) reported Q3 2024 earnings on October 17, 2024 before market open.
What were Badger Meter's Q3 2024 revenue and EPS?
Badger Meter reported revenue of $208.4M and diluted EPS of $1.08 for Q3 2024.
Did Badger Meter beat estimates in Q3 2024?
Revenue missed the consensus estimate of $212.1M by $3.6M. EPS missed the consensus estimate of $1.11 by $0.03.
Where can I find Badger Meter's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-115576) directly on SEC EDGAR. The filing index links above go to sec.gov.