Badger Meter gains on Q2 profit beat

Badger Meter

20/07/2022 17:15

** Shares of water tech firm Badger Meter Inc  BMI.N  up
3.1% at $85.27 
    ** Co posts Q2 profit of 57 cents/share, above estimates of
52 cents/share, according to Refinitiv IBES data  urn:newsml:reuters.com:*:nASA03GYR
    ** Sales in the quarter jumps 12% to $137.8 mln
    ** BMI says record sales were achieved due to strong
consumer demand and supply chain management 
    ** "Operating margins improved year-over-year despite
persistent cost inflation, and we continued to experience robust
orders," says CEO Kenneth Bockhorst
    ** Including session's gain, shares down ~19.9% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))