BADGER METER INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
BMI$159.18+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Years ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands except per share amounts) | |||
| Net sales | $703,592 | $565,568 | $505,198 |
| Cost of sales | 427,154 | 345,598 | 299,714 |
| Gross margin | 276,438 | 219,970 | 205,484 |
| Selling, engineering and administration | 158,389 | 132,675 | 126,761 |
| Operating earnings | 118,049 | 87,295 | 78,723 |
| Interest income, net | (4,047) | (552) | (20) |
| Other pension and postretirement costs | 130 | 130 | 120 |
| Earnings before income taxes | 121,966 | 87,717 | 78,623 |
| Provision for income taxes | 29,368 | 21,221 | 17,739 |
| Net earnings | $92,598 | $66,496 | $60,884 |
| Earnings per share: | |||
| Basic | $3.16 | $2.28 | $2.09 |
| Diluted | $3.14 | $2.26 | $2.08 |
| Shares used in computation of earnings per share: | |||
| Basic | 29,284 | 29,218 | 29,144 |
| Impact of dilutive securities | 172 | 158 | 194 |
| Diluted | 29,456 | 29,376 | 29,338 |
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