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BADGER METER INC (BMI)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  565.6505.2425.5424.6433.7402.4393.8377.7
            Revenue growth  11.9%18.7%0.2%-2.1%7.8%2.2%4.3%3.5%
Cost of goods sold  345.6299.7257.3261.1271.4246.7243.2241.9
Gross profit  220.0205.5168.2163.5162.3155.7150.6135.8
            Gross margin  38.9%40.7%39.5%38.5%37.4%38.7%38.2%35.9%
Selling, general and administrative     101.4105.599.297.993.4
EBITDA   [+]   86.381.281.075.163.0
            EBITDA margin  38.9%40.7%39.5%20.3%18.7%20.1%19.1%16.7%
Depreciation  -8.6-10.0-7.216.916.817.616.314.5
EBITA  228.6215.5175.469.364.463.458.848.5
            EBITA margin  40.4%42.7%41.2%16.3%14.8%15.8%14.9%12.8%
Amortization of intangibles  8.610.07.27.27.56.86.16.1
EBIT   [+]220.0205.5168.262.156.956.652.742.4
            EBIT margin  38.9%40.7%39.5%14.6%13.1%14.1%13.4%11.2%
Interest expense, net   [+]   -0.31.20.80.91.2
Other income (expense), net  -132.3-126.9-103.3-0.8-19.9-1.0-1.9 
Pre-tax income  87.778.665.061.635.954.849.841.2
Income taxes  21.217.715.614.48.120.317.515.2
            Tax rate  24.2%22.6%24.1%23.4%22.5%37.0%35.2%37.0%
Net income  66.560.949.347.227.834.632.325.9
            Net margin  11.8%12.1%11.6%11.1%6.4%8.6%8.2%6.9%
   
Basic EPS   [+]$2.28$2.09$1.70$1.63$0.96$1.20$1.12$0.90
Diluted EPS   [+]$2.26$2.08$1.69$1.61$0.95$1.19$1.11$0.90
   
Dividends per share   [+]$0.85$0.76$0.70$0.64$0.56$0.49$0.43$0.39
   
Shares outstanding (basic)   [+]29.229.129.129.029.028.928.928.8
Shares outstanding (diluted)   [+]29.429.329.229.229.229.129.128.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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