Badger Meter Inc. Q3 2009 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2009-10-20 13:19:08.0

Tags: Copper, Guess, Call Transcript, Earnings, Badger Meter Inc., Orion Radios, Pricing, Operational Accounting, Personal Finance, Marketing, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator instructions) Your first question comes from Steve Sanders -Stevens Inc.

Steve Sanders -Stevens Inc

Good morning everyone. Just a follow up question on Duke, so the $20 million over several years, is that the full project that you have been on or do you think there is an incremental opportunity here within the next couple of years with Duke?

Rick Johnson

Well, that is the full price that we bid for Ohio. We have also been running pilot units in other areas of Duke service territory, and so there is more opportunity down the road if Duke decides to expand this type of application.

Steve Sanders - Stevens Inc

Will this be a drive-by system, or is this configured so that ultimately you can talk to an electric system?

Rick Johnson

This is not a drive-by system. The Orion Radios are being used as a short hop product to get over to a box provided by another vendor, which will then be brought back to the utility through some sort of back haul system.

Steve Sanders - Stevens Inc

Then Rich, I know this is a bit of a frustrating topic, but kind of a follow up on the anti-stimulus, I guess there’s several stages for the money to flow through from the EPA to the States to ultimately the communities and your customers. What’s your best guess at this point on when this at least turns to a neutral and potentially a positive? Should we think about early 2010 or what would you say on that?

Rich Meeusen

Yes, my best guess is early 2010. We have seen some states starting to release money, California has done some releases, the other seem to be slower and we are not seeing much out of them at this point, but if I had to guess and it is purely a guess, I would say early 2010.

Steve Sanders - Stevens Inc

Then two quick ones, maybe for Rick on copper, I think you commented this fourth quarter is going to see some of the same challenges that we have seen recently, we have also seen copper rally. So just wanted your kind of general commentary on how your copper pricing would look in the near term versus the past couple of quarters, whether you have changed your purchasing or hedging approach on that. Rick, can you give us the actual operating cash flow and CapEx numbers as well?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement