7/19/2024

speaker
Operator
Conference Call Operator

If you'd like to ask a question during the Q&A, you can do so by pressing star followed by one on your telephone keypad. As a reminder, today's conference is being recorded. It's now my pleasure to turn the conference over to Karen Bauer, Vice President of Investor Relations, Corporate Strategy, and Treasurer. Please go ahead, Ms. Bauer.

speaker
Karen Bauer
Vice President of Investor Relations, Corporate Strategy, and Treasurer

Good morning, and thank you for joining the Badger Meter second quarter 2024 earnings conference calls. 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 will 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 will 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.

speaker
Ken Bockhorst
Chairman, President, and Chief Executive Officer

Thanks, Karen. We appreciate all of you joining us for our second quarter earnings call. I'm pleased to report that we surpassed the $200 million quarterly revenue milestone this quarter, delivering total sales of $217 million, representing 23% year-over-year growth. This result was modestly higher than we anticipated, driven by ongoing market demand and incremental backlog conversion in support of our customers. We reported record operating margins in EPS in the quarter, along with strong year-over-year cash flow growth. In summary, at the halfway point of the year, we remain pleased with the trajectory of our business results. I'll hand the call over to Bob to go through the details of the quarter, and I'll come back to talk about BlueEdge, our recently released sustainability report, and the outlook for the back half of the year. Go ahead, Bob.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-

Investor presentation