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Badger Meter Inc.

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Badger Meter's earnings declined 10% year over year in the fourth quarter of 2015 to $0.38 per share on a non-cash pension settlement charge and high tax rate. Badger Meter reported record sales for both the fourth quarter and the full year on strong sales of both residential and commercial municipal water products. The weakness in the oil and gas sector is expected to continue to impact Flow Instrumentation product sales in the near term. Moreover, a strong U.S. dollar, volatile raw material prices and strong competition remain headwinds.

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