Badger Meter is a leading manufacturer of flow measurement and control technologies, primarily serving the water and oil markets
The company specializes in the development of advanced metering solutions, providing municipalities and industries with innovative products that monitor and optimize water usage. By integrating smart technology and IoT capabilities, Badger Meter enhances operational efficiency and empowers customers to make informed decisions regarding water management. Their commitment to sustainability and resource conservation aligns with the growing demand for efficient water solutions in a changing environment.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles,
and the industry’s six-month return of 13% has fallen short of the S&P 500’s 16.8% rise.
Water control and measure company Badger Meter (NYSEBMI) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 12.5% year on year to $205.2 million. Its GAAP profit of $1.04 per share was 3.7% above analysts’ consensus estimates.
The instruments industry appears to be mired in unpredictable raw material prices, high capital expenditures for infrastructure upgrades, and market volatility. Amid this uncertainty, here are stocks in the space that may overcome these challenges.
Badger Meter currently trades at $212 and has been a dream stock for shareholders. It’s returned 233% since January 2020, nearly tripling the S&P 500’s 83.5% gain. The company has also beaten the index over the past six months as its stock price is up 12.9%.
The water instrument provider is part of the Zacks Instruments - Control industry group, which currently ranks in the top 15% out of more than 250 Zacks Ranked Industries.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Mirion (NYSEMIR) and the rest of the inspection instruments stocks fared in Q3.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Badger Meter (NYSEBMI) and its peers.
