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Badger Meter First-quarter Earnings Up 16 Percent
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MILWAUKEE (AP) — Water meter maker Badger Meter Inc. said Monday that its first-quarter earnings rose 16 percent on cost cutting, lower raw material costs and favorable exchange rates.
Badger said it earned $6.9 million, or 47 cents per share, up from $6 million, or 42 cents per share in the same period a year ago. But sales were down 4.5 percent to $65.3 million.
Analysts surveyed by Thomson Reuters were expecting earnings of 38 cents per share on revenue of $66.28 million. ...
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