10:08 AM EDT, 04/18/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Badger Meter ( BMI ) shares advanced by nearly 12% in recent trading after the company reported Q1 earnings Thursday of $0.99 per diluted share, up from $0.66 a year earlier.

Four analysts polled by Capital IQ expected $0.84.

Net sales for the quarter ended March 31 were $196.3 million, up from $159.1 million a year earlier.

Analysts surveyed by Capital IQ expected $182.3 million.