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BUZZ-Badger Meter rises on SmartCover Systems purchase, Q4 sales beat

ReutersJan 31, 2025 7:17 PM

** Shares of fluid meters manufacturer Badger Meter BMI.N up 4.12% at $217.32, recording the biggest one-day rise in about three months at session-high of $221.99

** Company acquires SmartCover Systems, which provides sensors, software and related services to monitor sewer levels, from XPV Water Partners for $185 mln

** Also reports Q4 sales of $205.2 mln, above analysts' average estimate of $202.2 mln

** "As we enter 2025, demand environment for our end-to-end smart water offerings remains resilient, remain committed to goals, including delivering high single-digit sales growth rates over the cycle" - CEO Kenneth Bockhorst

** Shares rose ~37.41% in 2024

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