badger meter inc (BMI) Snapshot

Badger Meter announced the latest additions to its Industrial Oval Gear (Model IOG) series of flow meters, which provide economical and versatile solutions for industries such as automotive, chemical, oil and gas, pulp and paper, metals, printing and rotating machinery. The new Model IOG 1 inch high-flow, and 1-1/2 inch, 2 inch and 3 inch meters, result in a complete line of 1/4 to 3 inch oval gear flow meters. Badger Meter Model IOG flow meters are designed to measure very viscous (up to 1,000 cP) and caustic fluids, such as oils, coolants, fuels, lubricants, ink, paint, water solutions, and any other liquid compatible with the materials of construction. The meter line provides high accuracy (+/- 0.5 to +/- 1 percent) and excellent repeatability (+/- 0.03 percent), even in low-flow environments, and measure liquid flows as low as 0.07 gallons per minute (gpm) and up to 185 gpm. The Model IOG line features a compact size intended for either vertical or horizontal installation into confined areas where space is at a premium. The meters do not require a straight run of pipe or flow conditioning. Models are available in either aluminum or 316L stainless steel construction. Due to their durable construction, Badger Meter Model IOG flow meters can be employed in the harshest environments where conventional flow-measuring equipment is not acceptable. This includes processes with fluid temperatures from 22 to 240° F (–30 to 120° C). The oval gear configuration offers high accuracy and dependability with a minimum number of wearable parts for long service life and easy field maintenance. Models are available with a choice of NPT or BSP threaded connections, or ANSI 150-pound or 300-pound flanges. A variety of instrumentation, both meter- and remote-mounted, is offered for control system interfacing or local monitoring.

The Badger Meter Inc. Board of Directors declared a regular quarterly cash dividend of 17 cents per share to shareholders of record May 31, 2013, payable June 14, 2013.

Badger Meter Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2013. Net sales were $71,808,000 for the first quarter of 2013, a 5.8% decrease from sales of $76,233,000 for the first quarter of 2012. The decrease was due to lower sales of both municipal and industrial products. Net earnings were $2,907,000 for the first quarter of 2013, a 53.5% decrease from net earnings of $6,249,000 for the first quarter of 2012. Diluted earnings per share were $0.20 for the first quarter of 2013, a 52.4% decrease from diluted earnings per share of $0.42 for the first quarter of 2012. Operating earnings were $4,725,000 against $10,188,000 for the first quarter of 2012. Earnings before income taxes was $4,477,000 against $9,983,000 for the first quarter of 2012. The company expected to see a stronger second quarter for 2013.