BMI Badger Meter, Inc.
Badger Meter, Inc. engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products comprises of water meters and related technologies to municipal water utilities. Flow Instrumentation products includes meters and valves sold worldwide to various industries for water and other fluids. The company was founded in 1905 and is headquartered in Milwaukee, WI.
Company profile
Ticker
BMI
Exchange
Website
CEO
Kenneth C. Bockhorst
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Vontier ...
SEC CIK
Corporate docs
IRS number
390143280
Calendar
21 Feb 20
4 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 107.56M | 108.65M | 103.54M | 104.88M | |
| Net income | 12.27M | 12.72M | 11.36M | 10.82M | |
| Diluted EPS | 0.42 | 0.44 | 0.39 | 0.37 | |
| Net profit margin | 11.41% | 11.71% | 10.97% | 10.32% | |
| Operating income | 16.34M | 16.45M | 15.03M | 14.33M | |
| Net change in cash | 11.14M | 13.83M | 8.86M | 1.95M | |
| Cash on hand | 48.87M | 37.73M | 23.89M | 15.03M | |
| Cost of revenue | 66.43M | 66.98M | 63.27M | 64.42M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 424.63M | 433.73M | 402.44M | 393.76M | |
| Net income | 47.18M | 27.79M | 34.57M | 32.3M | |
| Diluted EPS | 1.61 | 0.95 | 1.19 | 1.11 | |
| Net profit margin | 11.11% | 6.41% | 8.59% | 8.20% | |
| Operating income | 62.15M | 56.87M | 56.6M | 52.67M | |
| Net change in cash | 35.79M | 1.92M | 3.83M | -825K | |
| Cash on hand | 48.87M | 13.09M | 11.16M | 7.34M | |
| Cost of revenue | 261.1M | 271.38M | 246.69M | 243.19M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 1 Apr 20 | Todd A. Adams | Phantom Stock Units BMI Common Stock | Grant | Aquire A | 53.6 | 298.507 | 16K | 7,890.79 |
| 6 Mar 20 | Bauer Karen M. | Common Stock | Grant | Aquire A | 0 | 517 | 0 | 3,001 |
| 6 Mar 20 | Bauer Karen M. | Stock Options BMI Common Stock | Grant | Aquire A | 63.04 | 1,886 | 118.89K | 1,886 |
| 6 Mar 20 | Jashinsky Trina L. | Common Stock | Grant | Aquire A | 0 | 588 | 0 | 2,479 |
| 6 Mar 20 | Jashinsky Trina L. | Stock Options BMI Common Stock | Grant | Aquire A | 63.04 | 2,144 | 135.16K | 2,144 |
| 6 Mar 20 | Weltzien Daniel R | Common Stock | Grant | Aquire A | 0 | 470 | 0 | 1,308 |
| 6 Mar 20 | Weltzien Daniel R | Stock Options BMI Common Stock | Grant | Aquire A | 63.04 | 1,715 | 108.11K | 1,715 |
| 6 Mar 20 | Kimberly K Stoll | Common Stock | Grant | Aquire A | 0 | 635 | 0 | 8,854.002 |
| 6 Mar 20 | Kimberly K Stoll | Stock Options BMI Common Stock | Grant | Aquire A | 63.04 | 2,315 | 145.94K | 2,315 |
Institutional ownership Q4 2019
90.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 206 |
| Opened positions | 29 |
| Closed positions | 21 |
| Increased positions | 67 |
| Reduced positions | 68 |
13F shares |
Current |
|---|---|
| Total value | 1.71B |
| Total shares | 26.28M |
| Total puts | 434K |
| Total calls | 45.4K |
| Total put/call ratio | 9.6 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 4.56M | $295.82M |
| Vanguard | 3.4M | $220.71M |
| IPXAF Impax Asset Management | 1.49M | $96.14M |
| Dimensional Fund Advisors | 1.16M | $75.52M |
| Kayne Anderson Rudnick Investment Management | 988.75K | $64.2M |
| STT State Street | 917.95K | $59.6M |
| IVZ Invesco | 899.39K | $58.4M |
| Mairs & Power | 807.34K | $52.42M |
| GS The Goldman Sachs Group, Inc. | 617.56K | $40.1M |
| Copeland Capital Management | 610.33K | $39.63M |
Financial report summary
?Competition
Emerson Electric • Hauser • Honeywell International • Itron • Roper • Cameron International • Cameron International • Sensus Usa • Sensus (bermuda 2) • Mueller Water Products
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
Aclara, alter, Bauer, BMO, breach, Certification, clarity, climate, compensatory, Consent, constitute, discretionary, Drought, duly, ESG, exhibit, Fischer, formatted, Gail, Gale, German, Glen, Hubbel, implicit, Inline, instituted, Karen, Klappa, Language, Lione, meaningfully, NA, NaN, Nonqualified, notably, occurrence, omitted, outbreak, Page, Parisen, path, pause, pound, reach, rent, repayment, repeat, robust, show, sluggish, Social, spending, Stern, substantive, susceptible, tagged, Tellock, terrorism, Teske, Tessa, text, thereunto, tighter, Todd, Tool, undersigned, undertook, unpredictable, war, withdrew, XBRL
Removed:
accelerated, affiliate, agreed, announced, applied, assumption, attack, bid, Brown, carefully, cautioned, check, classification, close, decline, Deer, delinquent, discontinued, domestic, duration, Employer, expensive, filer, final, finalized, French, funding, Horst, Identification, intense, intermediate, investing, Jersey, knowledge, law, Manalapan, mark, Mexican, Nice, offer, peso, petroleum, precisely, preliminary, Raymond, reliance, represented, requiring, reseller, resolution, retrospectively, Road, scrap, seasoned, secured, seek, Serdynski, shell, shorter, shutdown, slight, submit, thereof, timetable, Township, undue, utilization, varying
Financial reports
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
24 Oct 18
10-Q
2018 Q2
Quarterly report
25 Jul 18
10-Q
2018 Q1
Quarterly report
24 Apr 18
10-K
2017 FY
Annual report
1 Mar 18
10-Q
2017 Q3
Quarterly report
25 Oct 17
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
3 Apr 20
8-K
Departure of Directors or Certain Officers
26 Feb 20
8-K
Fourth Quarter 2019 Highlights
5 Feb 20
8-K
Departure of Directors or Certain Officers
6 Dec 19
8-K
Third Quarter 2019 Highlights
17 Oct 19
8-K
Second Quarter 2019 Highlights
18 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
30 Apr 19
8-K
Badger Meter Reports First Quarter 2019 Results
17 Apr 19
8-K
Departure of Directors or Certain Officers
13 Mar 19
8-K
Departure of Directors or Certain Officers
1 Mar 19
Registration and prospectus
S-3ASR
Automatic shelf registration
5 Mar 18
S-3ASR
Automatic shelf registration
4 Mar 15
424B3
Prospectus supplement
8 Mar 12
S-3
Shelf registration
1 Mar 12
S-8
Registration of securities for employees
5 May 11
424B3
Prospectus supplement
19 Dec 08
S-3
Shelf registration
25 Nov 08
25
Voluntary exchange delisting
16 Jun 08
8-A12B
Registration of securities on exchange
16 Jun 08
8-A12B
Registration of securities on exchange
16 Jun 08
Proxies
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 19
DEF 14A
Definitive proxy
16 Mar 18
DEF 14A
Definitive proxy
14 Mar 17
DEF 14A
Definitive proxy
8 Mar 16
DEF 14A
Definitive proxy
10 Mar 15
DEF 14A
Definitive proxy
14 Mar 14
DEF 14A
Definitive proxy
18 Mar 13
DEF 14A
Definitive proxy
16 Mar 12
Other
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
SD
Conflict minerals disclosure
1 Jun 15
SD
Conflict minerals disclosure
2 Jun 14
EFFECT
Notice of effectiveness
8 Mar 12
UPLOAD
Letter from SEC
18 Nov 10
CORRESP
Correspondence with SEC
17 Nov 10
UPLOAD
Letter from SEC
10 Nov 10
Ownership
4
BADGER METER / TODD A. ADAMS ownership change
1 Apr 20
4
BADGER METER / Kenneth Bockhorst ownership change
10 Mar 20
4
BADGER METER / Robert Wrocklage ownership change
10 Mar 20
4
BADGER METER / Fred J Begale ownership change
10 Mar 20
4
BADGER METER / WILLIAM R A BERGUM ownership change
10 Mar 20
4
BADGER METER / GREGORY M GOMEZ ownership change
10 Mar 20
4
BADGER METER / Trina L. Jashinsky ownership change
10 Mar 20
4
BADGER METER / Daniel R Weltzien ownership change
10 Mar 20
4
BADGER METER / Kimberly K Stoll ownership change
10 Mar 20
4
BADGER METER / William Parisen ownership change
10 Mar 20
Patents
GRANT
Utility
Insertion vortex flowmeter element
31 Mar 20
An insertion-type flowmeter adapted for removable insertion into a fluid conduit includes an elongate body having a flow opening and a vortex-generating element disposed within the flow opening at distance from the opening entry that is correlated to the size of the flow opening to define a flow conditioning space in the flow opening between the opening entry and the vortex-generating element.
APP
Utility
Apparatus and Method for Measuring Water Quality in a Water Distribution System
30 Jan 20
A water quality monitoring computer system for a water distribution network includes a water distribution network configured to receive water from one or more network sources and distribute the water through the water distribution network to one or more network end points, at least one water quality monitor configured to generate water quality data for a distribution zone of the water quality network that includes a zone water source and one or more zone endpoints, which includes network end points downstream from the zone source, and a zone end point meter associated with each of the zone end points, wherein the zone end point meter monitors water flow exiting the distribution zone.