Technology on Expansion Course: Badger Meter Shows Strong Growth

In the third quarter 2024 report, Badger Meter showcases the company at its best. The figures reflect a remarkable business success: revenue growth of 12% compared to the previous year underscores the solid demand for BlueEdge smart water technology solutions. The operating margin was also increased to a record-breaking 19.5%. Ken Bockhorst, CEO of Badger Meter, is extremely pleased with the recent successes and emphasized the importance of planned transitions in the leadership team. The upcoming retirement of Karen Bauer, Vice President of Investor Relations, in spring 2025 will be accompanied by the introduction of Barb as Senior Director to ensure a smooth transition. Particular attention is given to the BlueEdge suite, which offers customers tailored solutions for water challenges. SaaS revenues impressively increased by 35%, highlighting the growing reliance of customers on cloud-based analytics. This demonstrates that not only hardware but also software solutions are gaining importance. Preparations for the upcoming quarter are underway, with external factors such as hurricane impacts and holidays in the USA potentially leading to delays. Despite such challenges, the outlook remains optimistic, as structural macro drivers continue to support technological innovations in the water industry. Interested shareholders and analysts are invited to raise further questions and gain insights into Badger Meter's future strategies. The transition to more sustainability and digital solutions remains a key focus.