Reports Q4 revenue $147.32M, consensus $143.64M. "Badger Meter finished the year with strong financial results which reflect the differentiated execution and customer focus our team exhibited throughout fiscal 2022. Sales for the quarter increased 8.5% reflecting positive industry fundamentals and the competitive advantages of our smart water solutions, which continued to fuel sales and order momentum. We continued to actively manage inflation and supply chain dynamics, as well as working capital which led to robust cash flow generation in the quarter. Shortly after year-end, we deployed approximately $18 million to acquire Syrinix, Ltd., a provider of pressure monitoring solutions, demonstrating our ongoing strategic growth focus on enhancing our smart water offerings," said Kenneth Bockhorst, chairman, president and CEO. "I am extremely proud of our team’s accomplishments in 2022 and remain excited about the opportunities ahead."
Published first on TheFly
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