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Badger Meter Shares Plunged: What You Need to Know

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What: Shares of Badger Meter (NYSE: BMI  ) have plunged by as much as 12% after the company reported fourth-quarter and full-year results.

So what: Fourth-quarter revenue shrank by 6% to $60.7 million, which turned into $0.08 in earnings per share. For the full year, sales fell by 5% to $262.9 million, with $1.27 in earnings per share.

Now what: CEO Richard Meeusen said the slowdown in municipal water market spending continued throughout the quarter and the year, weighing on its results. Broader uncertainties are causing utilities to weigh out their purchase decisions more carefully, which is affecting the entire industry. On the bright side, the company saw higher sales in its specialty and industrial products, which partially offset the troubles in the municipal water market.

Interested in more info on Badger Meter? Add it to your watchlist.

Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Evan Niu
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Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at a major discount broker. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

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Related Tickers

7/31/2015 3:17 PM
BMI $58.47 Up +0.90 +1.56%
Badger Meter, Inc. CAPS Rating: ***

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