Badger Meter Q3 Earnings Beat Estimates at $1.24 Per Share, Revenue Falls Short

Badger Meter Inc. (BMI) reported third-quarter net income of $35.9 million, or $1.24 per share, on Thursday, topping the average estimate of $1.21 per share from four analysts surveyed by Zacks Investment Research. Revenue for the Milwaukee-based maker of gas and water flow measurement products came in at $235.9 million, below the $240.6 million forecast by three Zacks analysts. The company's shares have declined 24% since the start of the year and are down 26% over the past 12 months.