BADGER METER, INC. BMI Income Statement

Badger meter, inc. (BMI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
428,252	424,625	421,482	423,466	433,572	433,732	425,969	415,347	405,875	402,440	398,888	395,153	394,797	393,761	396,433	399,548	394,624	377,698	371,267	368,150	364,916	364,768	356,439	353,131	345,810	334,122	327,435	321,602	315,235	319,660	306,047	288,615	281,789	262,915	277,907	282,499	0	0	0
Cost of sales
261,859	261,097	258,928	258,636	267,514	271,383	264,768	261,053	252,031	246,694	248,623	243,280	244,582	243,185	244,922	250,583	249,912	241,922	239,053	235,572	232,650	233,626	227,189	227,243	224,907	217,133	210,598	203,538	196,816	197,414	193,269	187,387	183,542	173,095	179,516	179,865	0	0	0
Gross margin
166,393	163,528	162,554	164,830	166,058	162,349	161,201	154,294	153,844	155,746	150,265	151,873	150,215	150,576	151,511	148,965	144,712	135,776	132,214	132,578	132,266	131,142	129,250	125,888	120,903	116,989	116,837	118,064	118,419	122,246	112,778	101,228	98,247	89,820	98,391	102,634	0	0	0
Selling, engineering and administration
102,557	101,380	101,939	104,926	104,836	105,480	105,267	101,779	100,840	99,151	96,543	96,524	96,784	97,904	100,331	98,103	96,590	93,407	91,202	89,207	86,856	85,095	81,007	79,755	78,831	77,882	79,264	80,253	79,413	77,777	75,094	69,666	65,763	62,286	59,451	58,701	0	0	0
Operating earnings
63,836	62,148	60,615	59,904	61,222	56,869	55,934	52,515	53,004	56,595	53,722	55,349	53,431	52,672	51,180	50,862	48,122	42,369	41,012	43,371	45,410	46,047	48,243	46,133	42,072	39,107	37,573	37,811	39,006	44,469	37,684	31,562	32,484	27,534	38,940	43,933	0	0	0
Interest expense, net
-155	-253	-443	-672	-996	-1,157	-1,216	-1,163	-901	-789	-777	-748	-829	-921	-987	-1,079	-1,170	-1,217	-1,201	-1,169	-1,161	-1,135	-1,129	-1,120	-1,141	-1,098	-1,113	-1,135	-1,041	-998	-793	-420	-278	-185	-26	-33	0	0	0
Other pension and postretirement costs
285	288	184	11,930	19,926	19,860	20,523	8,640	858	973	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before income taxes
63,396	61,607	59,988	47,302	40,300	35,852	34,195	42,712	51,245	54,833	50,789	52,349	50,599	49,844	50,193	49,783	46,952	41,152	39,811	42,202	44,249	44,912	47,114	45,013	40,931	38,009	36,460	36,676	37,965	43,471	36,891	31,142	32,206	27,349	38,724	43,550	0	0	0
Provision for income taxes
15,189	14,430	13,846	11,030	9,232	8,062	10,411	13,804	17,877	20,262	17,338	18,081	17,545	17,549	18,528	18,583	17,251	15,214	13,355	13,842	14,976	15,234	17,057	16,138	14,589	13,392	12,739	13,147	13,275	15,439	13,156	9,384	10,056	8,188	11,727	15,404	0	0	0
Net earnings
48,207	47,177	46,142	36,272	31,068	27,790	23,784	28,908	33,368	34,571	33,451	34,268	33,054	32,295	31,665	31,200	29,701	25,938	26,456	28,360	29,273	29,678	30,057	28,875	26,342	24,617	23,721	23,529	24,690	28,032	23,735	21,758	22,150	19,161	26,997	28,146	0	0	0
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