Badger Meter Inc. (NYSE: BMI), Milwaukee, WI, reported first quarter sales of $101.6 million, a 1 percent year-over-year increase. Profit increased 9.5 percent to $8.7 million.
“This was an excellent quarter for Badger Meter," said Richard A. Meeusen, chairman, president and CEO of Badger Meter. "Our net sales, net earnings and diluted earnings per share set new first quarter records, despite a challenging comparison against our record first quarter performance last year.”
Badger Meter is a manufacturer of flow measurement, control and communications solutions, serving water utilities, municipalities, and commercial and industrial customers.