Yesterday, Badger Meter (BMI) reported results that didn’t appear all that stellar, but the stock broke out big with heavy volume and closed the day up about 10%. The company reported an EPS of .36/share which was inline with Wall St estimates and is a 26% decrease from the year ago quarter. Revenues came in at $61.8 million and was also below the year ago results by 5%. However, the worst may be behind BMI … Read the rest
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Badger Meter (BMI) Announces Acquisition Of Cox Instruments LLC
Badger Meter has just announced that the company has acquired Cox Instruments, LLC and its subsidiary, Flow Dynamics, Inc. Both companies make precision high performance flow meters for use in aerospace, custody transfer, and flow measurement calibration test stands applications. Put together, both companies had $5.4 million in sales in 2009.
In a , Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter, explained how the acquisition will benefit his company:
“We … Read the rest
Badger Meter (BMI) To Move Unskilled Work In Mexico
Badger Meter plans to move some of its unskilled positions from its plant in Brown Deer, WI to a new plant in Nogales, Mexico. The move will allow Badger Meter to reduce its labor costs. The company says some of its meters will still be produced in Wisconsin, and it wouldn’t comment on how exactly how many jobs will shifted from Wisconsin to Nogales.
In an article for the Milwaukee Business Journal, President and CEO … Read the rest
Badger Meter (BMI) A "Bellwether Of Growth In the Water Industry"
Badger Meter (BMI), which the CEO calls a “bellwether of national trends to measure and conserve water” reported earnings results last night and have the results to back it up. The company reported and EPS of .42/share which represents a 50% bump over the year ago quarter and smashed estimates of .26/share. Revenues came in at $67.6 million, beating estimates of $60 million which is an 18% increase over the year ago quarter.. Not exactly … Read the rest