Badger Meter Reports Q1 EPS of $0.22 vs. $0.44; Revenues $57.4M vs. $68.84M

Badger Meter, Inc. BMI today reported results for the first quarter ended March 31, 2011. Net sales were $57,359,000 for the first quarter of 2011, a 7.2% decrease from sales of $61,799,000 for the first quarter of 2010. Diluted earnings per share were $0.22 for the first quarter of 2011, a 38.9% decrease from earnings per share of $0.36 for the first quarter of 2010.