The 2010 Investment U Conference is underway! And even if you couldn't make it, now you can "bring home" more than 30 breakthrough presentations from the conference... Order the Deluxe MP3/Video Library for $99 to listen and view on your computer, or the Premier CD plus MP3/Video Library for $149 to listen to and view anywhere.
Badger Meter’s (NYSE: BMI) Green Technology Soars Under Pressure
by Katharine Schildt, Assistant Editor, The Oxford Club
The demand for utilities is something that will always be prevalent. And the need for more efficiency and green technology is in high demand.
The leader of these technologies has just hit its stride, making it a promising addition to anyone’s portfolio.
Milwaukee-based Badger Meter (NYSE: BMI) makes “liquid flow and measurement technologies,” which may not sound terribly thrilling. But this company’s growth is anything but dull.
On Wednesday, Badger Meter posted fourth-quarter net income of $6.2 million, or 42 cents per share for the quarter ended December 31, up from $2.7 million, or 18 cents per share.
It also reported revenue of $67.6 million, up 18% from $57.2 million in the fourth quarter of 2007. For the full year, net income was $25.1 million, up more than 52% from $16.5 million.
Badger Meter Has Record 4th Quarter
“The record fourth quarter capped what has been an overall year for Badger Meter,” said Richard A. Meeusen, Chairman, President and CEO. He also stated that the weakening economy hurt Badger Meter’s industrial markets, but the utility business, which contributed about 83% of sales, “did not experience any significant impact in 2008.”
“Higher sales of all three of the advanced meter reading technologies we offer were again a major contributor to the increased fourth-quarter sales, as well as our performance for the year. These products include our proprietary ORION drive-by automatic meter reading (AMR) system and the Itron AMR system, as well as our GALAXY advanced metering infrastructure (AMI) system. In 2008, we had a full fourth quarter of sales of the ORION system as part of the three-year $39.8 million contract with the city of Chicago, compared to only a partial forth quarter in 2007. Sales of residential water meters in Mexico and commercial water meters also increased in the fourth quarter,” Meeusen said.
Many of their newer products will save both money and energy, something that will be a continuing trend in the years to come.
“We continue to be optimistic about the long-term outlook for Badger Meter. In addition to normal replacements, our business is also driven by the water shortages in the United States and the focus of communities on environmental sustainability, which can both be improved through metering. The demand for our metering technologies is driven by our customers’ needs for improved operating efficiency. We believe these market forces will continue to drive our successful business model in the years ahead.”
- Garmin Ltd. (Nasdaq: GRMN): Stock of the Day
- Cornell Companies Inc. (NYSE: CRN): Stock of the day
- FLIR Systems, Inc. (Nasdaq: FLIR): Stock of the Day
|
The Company Set to Dominate a $60 Billion-a-Year Market
$60 billion is spent on cancer treatment in the U.S. - each year. And one company is poised to receive the lion's share of it.
The medical director at the Alta Bates Comprehensive Cancer Center says, "...possibly a third of our cancer patient population will soon be undergoing this [company's] treatment."
Another doctor at the University of Texas MD Anderson Cancer Center says he intends to treat over 1,000 patients a year with this technology.
Here's how you can claim your stake in the company before this cash infusion sends shares soaring.
Comments
**By submitting your comment you agree to adhere to our Comment Policy and Privacy Policy.Check out our selection of daily Investment Research:
 |
 |
Investment U RSS Feed