Badger Meter Inc. Q1 Income Advances 89%

(RTTNews) - Badger Meter Inc. (BMI) announced earnings for its first quarter that gained ground from last year.

The company said its bottom line rose to $7.99 million, or $0.55 per share. This was higher than $4.23 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.2% to $100.57 million. This was up from $83.64 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q1): $7.99 Mln. vs. $4.23 Mln. last year. -Earnings Growth (Y-o-Y): 88.9% -EPS (Q1): $0.55 vs. $0.29 last year. -EPS Growth (Y-o-Y): 89.7% -Analysts Estimate: $0.41 -Revenue (Q1): $100.57 Mln vs. $83.64 Mln last year. -Revenue Change (Y-o-Y): 20.2%