Investor Presentaiton
FOURTH QUARTER FINANCIAL SNAPSHOT
(US$ in millions, except per share data)
Q4 2020 Q4 2019 Change
Sales
$112.3
$107.6
4.4%
Gross Margin
44.1
41.1
7.1%
39.2%
38.2%
SEA
27.1
24.8
24.1%
23.0%
100 bps
9.3%
110 bps
Op Income
17.0
16.3
3.8%
15.1%
15.2%
(10) bps
Income Tax Rate
22.6%
24.3%
EBITDA
23.2
22.3
4.0%
20.7%
20.7%
-bps
EPS
0.45
0.42
7.1%
Free Cash Flow
$12.7
$17.7
See appendix for reconciliation of GAAP to Non-GAAP measures
O2021 Badger Meter, Inc.
.
•
Utility water sales increased 8%, with 5%
organic growth reflecting higher meter, radio
and software sales. 3% contribution from
two months of s::can.
Flow instrumentation sales declined 10%;
weakness continued across majority of end
markets.
Gross margin expansion on higher volumes,
pricing and favorable sales mix which more
than offset network sunset provision and
cost inflation.
SEA includes s::can operations and related
intangible amortization.
Continued strong free cash flow generation.
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