Badger meter, inc. (BMI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

108,508

107,556

108,646

103,542

104,881

104,413

110,630

113,648

105,041

96,650

100,008

104,176

101,606

93,098

96,273

103,820

100,570

95,770

99,388

98,896

83,644

89,339

96,271

95,662

83,496

81,010

92,963

88,341

71,808

74,323

87,130

81,974

76,233

60,710

69,698

75,148

57,359

75,702

74,290

Cost of sales

65,186

66,431

66,976

63,266

64,424

64,262

66,684

72,144

68,293

57,647

62,969

63,122

62,956

59,576

57,626

64,424

61,559

61,313

63,287

63,753

53,569

58,444

59,806

60,831

54,545

52,007

59,860

58,495

46,771

45,472

52,800

51,773

47,369

41,327

46,918

47,928

36,922

47,748

47,267

Gross margin

43,322

41,125

41,670

40,276

40,457

40,151

43,946

41,504

36,748

39,003

37,039

41,054

38,650

33,522

38,647

39,396

39,011

34,457

36,101

35,143

30,075

30,895

36,465

34,831

28,951

29,003

33,103

29,846

25,037

28,851

34,330

30,201

28,864

19,383

22,780

27,220

20,437

27,954

27,023

Selling, engineering and administration

27,307

24,782

25,225

25,243

26,130

25,341

28,212

25,153

26,774

25,128

24,724

24,214

25,085

22,520

24,705

24,474

26,205

24,947

22,477

22,961

23,022

22,742

20,482

20,610

21,261

18,654

19,230

19,686

20,312

20,036

20,219

18,846

18,676

17,353

14,791

14,943

15,199

14,518

14,041

Operating earnings

16,015

16,343

16,445

15,033

14,327

14,810

15,734

16,351

9,974

13,875

12,315

16,840

13,565

11,002

13,942

14,922

12,806

9,510

13,624

12,182

7,053

8,153

15,983

14,221

7,690

10,349

13,873

10,160

4,725

8,815

14,111

11,355

10,188

2,030

7,989

12,277

5,238

13,436

12,982

Interest expense, net

-31

27

-66

-85

-129

-163

-295

-409

-290

-222

-242

-147

-178

-210

-213

-228

-270

-276

-305

-319

-317

-260

-273

-311

-291

-254

-264

-332

-248

-269

-286

-238

-205

-64

87

-96

-112

95

80

Other pension and postretirement costs

44

165

41

35

47

61

11,787

8,031

-19

724

-96

249

96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings before income taxes

15,940

16,205

16,338

14,913

14,151

14,586

3,652

7,911

9,703

12,929

12,169

16,444

13,291

8,885

13,729

14,694

12,536

9,234

13,319

11,863

6,736

7,893

15,710

13,910

7,399

10,095

13,609

9,828

4,477

8,546

13,825

11,117

9,983

1,966

8,076

12,181

5,126

13,341

12,902

Provision for income taxes

4,086

3,931

3,617

3,555

3,327

3,347

801

1,757

2,157

5,696

4,194

5,830

4,542

2,772

4,937

5,294

4,546

3,751

4,992

3,962

2,509

1,892

5,479

5,096

2,767

3,715

4,560

3,547

1,570

3,062

4,968

3,675

3,734

779

1,196

4,347

1,866

4,318

4,873

Net earnings

11,854

12,274

12,721

11,358

10,824

11,239

2,851

6,154

7,546

7,233

7,975

10,614

8,749

6,113

8,792

9,400

7,990

5,483

8,327

7,901

4,227

6,001

10,231

8,814

4,632

6,380

9,049

6,281

2,907

5,484

8,857

7,442

6,249

1,187

6,880

7,834

3,260

9,023

8,029

Earnings per share:
Basic
Basic

0.41

0.43

0.44

0.39

0.37

0.39

0.10

0.21

0.26

0.25

0.28

0.37

0.30

0.21

0.30

0.33

0.28

-

0.29

0.55

0.29

-

0.71

0.62

0.33

-

0.63

0.44

0.21

-

0.63

0.52

0.42

-

0.46

0.52

0.22

0.61

0.54

Diluted:
Diluted

0.41

0.41

0.44

0.39

0.37

0.38

0.10

0.21

0.26

0.26

0.27

0.36

0.30

0.21

0.30

0.32

0.28

-

0.29

0.55

0.29

-

0.71

0.61

0.32

-

0.63

0.44

0.20

-

0.62

0.52

0.42

-

0.46

0.52

0.22

0.60

0.53

Dividends declared per common share

0.17

-

0.17

0.15

0.15

-

0.15

0.13

0.13

-

0.13

0.11

0.11

-

0.11

0.10

0.10

-

0.10

0.19

0.19

-

0.19

0.18

0.18

-

0.18

0.17

0.17

-

0.17

0.16

0.16

-

0.16

0.14

0.14

0.14

0.12

Shares used in computation of earnings per share:
Basic

29,042

-86,954

29,013

29,027

29,028

-86,769

28,989

28,963

28,932

-86,662

28,939

28,938

28,900

-86,512

28,898

28,887

28,842

57,538

28,785

14,379

14,332

71,589

14,312

14,309

14,240

14,565

14,371

14,365

14,145

14,133

14,128

14,234

14,831

14,993

14,989

14,962

14,938

14,910

14,924

Impact of dilutive securities

181

-572

179

183

209

-594

207

170

217

-519

178

159

182

-480

162

164

154

273

128

63

74

364

64

57

89

80

75

65

91

71

57

72

65

32

69

90

119

96

97

Diluted

29,223

-87,526

29,193

29,211

29,238

-87,363

29,197

29,133

29,150

-87,182

29,118

29,097

29,082

-86,993

29,060

29,051

28,997

57,812

28,913

14,443

14,407

71,953

14,376

14,367

14,330

14,645

14,446

14,430

14,236

14,205

14,185

14,307

14,897

15,026

15,058

15,052

15,058

15,006

15,021