Badger Meter second quarter sales jumps to $222.3 million

• Badger Meter generated $222.3 million in second-quarter sales alongside a diluted earnings per share of $1.02.
• The total sales figure represented a 7 percent decrease compared to the $238.1 million generated last year.
• Management stated that the recent acquisition of UDlive is expected to extend its sewer monitoring capabilities.

Badger Meter (NYSE:BMI) reported second-quarter total sales of $222.3 million alongside a diluted earnings per share of $1.02.

This top-line result decreased by 7 percent compared to the $238.1 million recorded during the prior year.

The business finalized its acquisition of UDlive in May to expand its global sewer line monitoring capabilities.

Operating earnings fell 12 percent year over year to $39.4 million with a 17.7 percent profit margin.

The company recently held its inaugural investor day to articulate the durability of its operational business model.

Management utilized this investor event to reaffirm its long-term financial framework targeting high-single-digit structural growth.