Badger Meter, Inc. (NYSE:BMI) reported relatively lackluster second-quarter 2019 results with year-over-year decrease in revenues and adjusted earnings due to order postponements.
Net Income
Net earnings for the reported quarter were $11.4 million or 39 cents per share compared with $6.2 million or 21 cents per share in the year-ago quarter, primarily driven by lower cost of sales. Notably, second-quarter 2018 earnings were negatively impacted by higher pension and retirement charges.
Adjusted earnings for the reported quarter were 39 cents per share compared with 42 cents in the year-earlier quarter. Adjusted earnings missed the Zacks Consensus Estimate by 8 cents.
Thermon Group Holdings, Inc. (THR): Free Stock Analysis Report
Badger Meter, Inc. (BMI): Free Stock Analysis Report
Transcat, Inc. (TRNS): Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS): Free Stock Analysis Report
Original post
Zacks Investment Research