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News Release From : Badger Meter , Inc. ● ● R ● 4545 W. Brown Deer Road , Milwaukee , WI 53223 P.O. Box 245036 , Milwaukee , WI 53224-9536 Milwaukee , WI , October 15 , 2021 - Badger Meter , Inc. ( NYSE : BMI ) today reported results for the third quarter ended September 30 , 2021 . ● 3 Third Quarter 2021 Highlights Total sales increased 13.3 % to a record $ 128.7 million , compared to $ 113.6 million in the comparable prior year quarter . Diluted earnings per share ( " EPS " ) were a record $ 0.54 compared to $ 0.51 in the comparable prior year period . Announced the 29th consecutive increase in the annual dividend rate . FOR IMMEDIATE RELEASE For Additional Information Contact : Karen Bauer at ( 414 ) 371-7276 kbauer@badgermeter.com BADGER METER REPORTS RECORD THIRD QUARTER 2021 RESULTS Solid cash flow from operations of $ 17.7 million . Continued strong demand environment and record high order backlog exiting the quarter . " I am pleased with Badger Meter's strong performance in the quarter , delivering record sales and earnings amid persistent and widespread supply chain shortages and delays . The results are notable considering the difficult prior year comparisons . " said Kenneth C. Bockhorst , Chairman , President and Chief Executive Officer . " Throughout the quarter , we took a variety of strategic actions to continue serving our customers in the face of ongoing electronic and other component delays . Additionally , we continue to combat increasing inflationary cost pressures across the business . The strong order progression across our portfolio of innovative water solutions provides us with a record backlog which bodes well for continued sales and earnings momentum as we enter the fourth quarter . I want to thank the Badger Meter team for their tireless efforts to work to temper the impact of the various macroeconomic challenges in support of our customers . " Third Quarter Operating Results Utility water sales increased 12.2 % year - over - year , the result of strong order activity and the addition of the water quality acquisitions , partially offset by the impact of supply chain disruptions that limited manufacturing output . Excluding acquisitions , core utility water sales increased 1.7 % over the strong prior year quarter which benefitted from post - COVID lockdown