Badger Meter, Inc. (NYSE:BMI) revealed its third quarter earnings results on Friday 16th October 2020 before market open.
Key Numbers from third quarter earnings result
Quarterly income of $ 0.51 per share, from the revenue of $ 113.59 million
Analysts Estimated revenue of $ 100.45 million and $ 0.38 income per share
Earnings beat analysts estimates by $ 0.13 or 34.21 percent
Revenues outshined wall street view by $ 13.14 million or 13.08 percent
Earnings hiked 15.91 percent compared with the same quarter last year
Revenues improved 4.55 percent versus third quarter of last year.
Kenneth C. Bockhorst, Chairman, President and CEO of Badger Meter, said, During the quarter, we continued to effectively serve customers while protecting the health, safety and well-being of our employees and communities. We were pleased with the stability of municipal water order rates from the second quarter trough, and with the performance of our manufacturing operations which recovered productivity and output. My thanks go to all the Badger Meter employees who continue to adeptly serve our customers and keep our operations running safely and efficiently.
