Badger Meter Management
Management criteria checks 4/4
Badger Meter's CEO is Ken Bockhorst, appointed in Apr 2018, has a tenure of 6.67 years. total yearly compensation is $4.54M, comprised of 16.5% salary and 83.5% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $8.57M. The average tenure of the management team and the board of directors is 6.2 years and 5.8 years respectively.
Key information
Ken Bockhorst
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 16.5% |
| CEO tenure | 6.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 6.2yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
Here's Why We Think Badger Meter (NYSE:BMI) Is Well Worth Watching
Dec 20
Badger Meter, Inc.'s (NYSE:BMI) Business Is Trailing The Market But Its Shares Aren't
Nov 29Why We Like The Returns At Badger Meter (NYSE:BMI)
Nov 08Badger Meter: Slowing Growth And A High Price Tag
Oct 24Here's Why We Think Badger Meter (NYSE:BMI) Might Deserve Your Attention Today
Aug 25Badger Meter: Compounding Intrinsic Worth At Attractive Rates
Aug 21Badger Meter, Inc.'s (NYSE:BMI) Shares May Have Run Too Fast Too Soon
Aug 03The Trend Of High Returns At Badger Meter (NYSE:BMI) Has Us Very Interested
Jul 12Is Now An Opportune Moment To Examine Badger Meter, Inc. (NYSE:BMI)?
Jun 18Badger Meter (NYSE:BMI) Knows How To Allocate Capital Effectively
Apr 07Badger Meter: Beware The Backlog
Mar 20At US$154, Is It Time To Put Badger Meter, Inc. (NYSE:BMI) On Your Watch List?
Mar 19With EPS Growth And More, Badger Meter (NYSE:BMI) Makes An Interesting Case
Mar 01Badger Meter: Continued Return Potential From ROE, FCF/Share, And Dividends
Jan 12Badger Meter, Inc.'s (NYSE:BMI) Business Is Trailing The Market But Its Shares Aren't
Jan 04Badger Meter: Thriving On Backlog Delivery And Healthy Capex Budgets, But Overvalued
Oct 24Badger Meter: Exceptional Capital Productivity, Compounding Intrinsic Value At Attractive Rates
Aug 23Badger Meter: Promising Future But Valuation Remains A Concern
May 31Badger Meter declares $0.225 dividend
Feb 10Badger Meter Q4 2022 Earnings Preview
Jan 26Badger Meter enhances water monitoring capabilities with Syrinix purchase
Jan 05Badger Meter: Valuations Keep Me On The Sidelines
Dec 30Badger Meter declares $0.225 dividend
Nov 11Badger Meter: Filing This One Away For A Big Drop
Oct 17Badger Meter raises dividend by 12.5% to $0.225
Aug 12Badger Meter: Not A Buy Despite Good Growth Prospects
Jul 27Badger Meter Q2 2022 Earnings Preview
Jul 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$119m |
| Jun 30 2024 | n/a | n/a | US$113m |
| Mar 31 2024 | n/a | n/a | US$102m |
| Dec 31 2023 | US$5m | US$750k | US$93m |
| Sep 30 2023 | n/a | n/a | US$85m |
| Jun 30 2023 | n/a | n/a | US$77m |
| Mar 31 2023 | n/a | n/a | US$72m |
| Dec 31 2022 | US$4m | US$675k | US$66m |
| Sep 30 2022 | n/a | n/a | US$66m |
| Jun 30 2022 | n/a | n/a | US$64m |
| Mar 31 2022 | n/a | n/a | US$61m |
| Dec 31 2021 | US$4m | US$640k | US$61m |
| Sep 30 2021 | n/a | n/a | US$57m |
| Jun 30 2021 | n/a | n/a | US$56m |
| Mar 31 2021 | n/a | n/a | US$51m |
| Dec 31 2020 | US$2m | US$594k | US$49m |
| Sep 30 2020 | n/a | n/a | US$49m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$2m | US$575k | US$47m |
| Sep 30 2019 | n/a | n/a | US$46m |
| Jun 30 2019 | n/a | n/a | US$36m |
| Mar 31 2019 | n/a | n/a | US$31m |
| Dec 31 2018 | US$1m | US$525k | US$28m |
| Sep 30 2018 | n/a | n/a | US$24m |
| Jun 30 2018 | n/a | n/a | US$29m |
| Mar 31 2018 | n/a | n/a | US$33m |
| Dec 31 2017 | US$909k | US$110k | US$35m |
Compensation vs Market: Ken's total compensation ($USD4.54M) is below average for companies of similar size in the US market ($USD8.04M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
CEO
Ken Bockhorst (51 yo)
6.7yrs
Tenure
US$4,544,288
Compensation
Mr. Kenneth C. Bockhorst, also known as Ken, has been the Chief Executive Officer of Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018. He serves as Independent Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.7yrs | US$4.54m | 0.13% $ 8.6m | |
| Senior VP & CFO | 5.9yrs | US$1.47m | 0.054% $ 3.5m | |
| Vice President of Global Operations | 1.9yrs | US$781.20k | 0.0039% $ 246.5k | |
| Vice President of Sales & Marketing | 12.8yrs | US$760.20k | 0.034% $ 2.2m | |
| Vice President of Human Resources | 4.2yrs | US$715.39k | 0.0081% $ 516.1k | |
| VP of Investor Relations | 6.4yrs | US$615.80k | 0.020% $ 1.3m | |
| VP, General Counsel & Secretary | 21.3yrs | US$659.09k | 0.085% $ 5.4m | |
| VP & Controller | 5.8yrs | no data | 0.014% $ 887.5k |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Management: BMI's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.3yrs | US$4.54m | 0.13% $ 8.6m | |
| Lead Outside Independent Director | 7.8yrs | US$152.11k | 0.024% $ 1.5m | |
| Independent Director | 4.8yrs | US$138.11k | 0.012% $ 750.5k | |
| Independent Director | 7.8yrs | US$144.11k | no data | |
| Independent Director | 8.1yrs | US$138.11k | 0.024% $ 1.5m | |
| Independent Director | 2.3yrs | US$147.11k | no data | |
| Independent Director | 2.8yrs | US$138.11k | 0.0061% $ 390.0k | |
| Independent Director | 5.8yrs | US$138.11k | 0.015% $ 972.7k | |
| Independent Director | 3.3yrs | US$138.11k | 0.0061% $ 390.0k |
5.8yrs
Average Tenure
54yo
Average Age
Experienced Board: BMI's board of directors are considered experienced (5.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Badger Meter, Inc. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Robert Mason | Baird |
| Andrew Buscaglia | Berenberg |