Badger Meter Q2 Sales Hit $290.5M
Ticker: BMI · Form: 10-Q · Filed: 2024-07-22T00:00:00.000Z
Sentiment: neutral
Topics: earnings, acquisition, financials
TL;DR
Badger Meter Q2 sales $290.5M, acquired Syrinix in '23. FYE Dec 31.
AI Summary
Badger Meter Inc. reported its Q2 2024 results, with net sales for the six months ended June 30, 2024, reaching $290.5 million. The company also noted its acquisition of Syrinix Limited, which was completed in 2023. Badger Meter's fiscal year ends on December 31st.
Why It Matters
This filing provides insight into Badger Meter's financial performance and strategic moves like acquisitions, impacting investors and the water utility sector.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags indicating significant new risks.
Key Numbers
- $290.5M — Net Sales (For the six months ended June 30, 2024)
- 1231 — Fiscal Year End (Annual reporting cycle)
Key Players & Entities
- BADGER METER INC (company) — Filer
- Syrinix Limited (company) — Acquired entity
- $290.5 million (dollar_amount) — Net sales for the six months ended June 30, 2024
- 2023 (date) — Year of Syrinix acquisition
- 20240630 (date) — End of reporting period
FAQ
What were Badger Meter's net sales for the six months ended June 30, 2024?
Net sales for the six months ended June 30, 2024, were $290.5 million.
When was the acquisition of Syrinix Limited completed?
The acquisition of Syrinix Limited was completed in 2023.
What is Badger Meter Inc.'s fiscal year end date?
Badger Meter Inc.'s fiscal year ends on December 31st.
What is the SEC file number for this 10-Q filing?
The SEC file number is 001-06706.
In which state was Badger Meter Inc. incorporated?
Badger Meter Inc. was incorporated in Wisconsin (WI).
From the Filing
0000950170-24-085171.txt : 20240722 0000950170-24-085171.hdr.sgml : 20240722 20240722132623 ACCESSION NUMBER: 0000950170-24-085171 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240722 DATE AS OF CHANGE: 20240722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC CENTRAL INDEX KEY: 0000009092 STANDARD INDUSTRIAL CLASSIFICATION: TOTALIZING FLUID METERS & COUNTING DEVICES [3824] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 390143280 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-06706 FILM NUMBER: 241130922 BUSINESS ADDRESS: STREET 1: 4545 WEST BROWN DEER ROAD CITY: MILWAUKEE STATE: WI ZIP: 53223 BUSINESS PHONE: 4143715702 MAIL ADDRESS: STREET 1: 4545 W BROWN DEER RD CITY: MILWAUKEE STATE: WI ZIP: 53223 FORMER COMPANY: FORMER CONFORMED NAME: BADGER METER MANUFACTURING CO DATE OF NAME CHANGE: 19710729 10-Q 1 bmi-20240630.htm 10-Q 10-Q false --12-31 Q2 0000009092 P6M P1Y P1Y P1Y P1Y P1Y 1 year http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent 0000009092 srt:AsiaMember 2023-01-01 2023-06-30 0000009092 bmi:OtherGeographicalAreasMember 2024-04-01 2024-06-30 0000009092 us-gaap:CommonStockMember 2024-06-30 0000009092 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000009092 bmi:SyrinixLimitedMember srt:MaximumMember bmi:CustomerRelationshipsDevelopedTechnologyAndTrademarksMember 2023-01-01 2023-12-31 0000009092 country:CA 2024-01-01 2024-06-30 0000009092 srt:AsiaMember 2024-01-01 2024-06-30 0000009092 2024-07-01 2024-06-30 0000009092 bmi:SyrinixLimitedMember 2023-12-31 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-06-30 0000009092 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-06-30 0000009092 bmi:TelogOrUnityAssetsMember 2024-01-01 2024-01-01 0000009092 country:CA 2023-01-01 2023-06-30 0000009092 us-gaap:CommonStockMember 2022-12-31 0000009092 2030-01-01 2024-06-30 0000009092 2025-01-01 2024-06-30 0000009092 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0000009092 us-gaap:CommonStockMember 2023-06-30 0000009092 bmi:ServiceConcentrationRiskMember us-gaap:SalesRevenueNetMember us-gaap:TransferredOverTimeMember 2024-04-01 2024-06-30 0000009092 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-06-30 0000009092 country:MX 2024-04-01 2024-06-30 0000009092 srt:AsiaMember 2024-04-01 2024-06-30 0000009092 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000009092 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000009092 2024-04-01 2024-06-30 0000009092 us-gaap:TreasuryStockCommonMember 2024-06-30 0000009092 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000009092 us-gaap:TransferredOverTimeMember 2023-01-01 2023-06-30 0000009092 2023-12-31 0000009092 us-gaap:SalesRevenueNetMember us-gaap:TransferredAtPointInTimeMember us-gaap:ProductConcentrationRiskMember 2024-04-01 2024-06-30 0000009092 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000009092 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0000009092 2024-03-31 0000009092 country:MX 2023-01-01 2023-06-30 0000009092 bmi:OtherGeographicalAreasMember 2023-04-01 2023-06-30 0000009092 bmi:SyrinixLimitedMember 2023-01-01 0000009092 2023-03-31 0000009092 2028-01-01 2024-06-30 0000009092 country:US 2023-01-01 2023-06-30 0000009092 us-gaap:TransferredAtPointInTimeMember 2023-01-01 2023-06-30 0000009092 country:US 2024-04-01 2024-06-30 0000009092 2023-04-01 2023-06-30 0000009092 country:US 2023-04-01 2023-06-30 0000009092 us-gaap:AccumulatedOtherComprehen