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Badger Meter, Inc.
1/26/2024
Good morning. Thank you for joining the BadgerMeter Fourth Quarter and Full Year 2023 Earnings Conference Call.
On the call with me today are Ken Bockhorst, Chairman, President, and Chief Executive Officer, and Bob Rockledge, Chief Financial Officer. The earnings release and related slide presentation are available on our website. Quickly, I'll cover the safe harbor, reminding you that any forward-looking statements made during this call are subject to various risks and uncertainties, the most important of which are outlined in our press release and SEC filings. On today's call, we'll refer to certain non-GAAP financial metrics. Our earnings slides provide a reconciliation of the gap to non-gap financial metrics used. With that, I'll turn the call over to Ken.
Thanks, Karen, and thank you all for joining our call. We capped off a record year with strong fourth quarter results across sales, operating profit, earnings per share, and cash flow metrics. Demand trends remained robust, and our continued manufacturing conversion allowed us to again make modest headway into the order backlog. Shortly after year end, we added to our suite of smart water offerings acquiring the Telog and Unity network monitoring assets as previously announced. I want to thank all of our employees for their efforts in delivering another fantastic year for Badger Meter. I'll talk more about the acquisition, provide a recap of the year, and discuss our outlook later in the call. For now, I'll turn it over to Bob to go through the details of the quarter.
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