MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Friday reported fourth-quarter earnings of $30.7 million.
On a per-share basis, the Milwaukee-based company said it had profit of $1.04.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The manufacturer of products that measure gas and water flow posted revenue of $205.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $200 million.
For the year, the company reported profit of $124.9 million, or $4.23 per share. Revenue was reported as $826.6 million.
Badger Meter shares have declined nearly 2% since the beginning of the year. The stock has increased 43% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMI at https://www.zacks.com/ap/BMI
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