MILWAUKEE (AP) _ Badger Meter Inc. (BMI) on Friday reported fourth-quarter net income of $17.3 million.

On a per-share basis, the Milwaukee-based company said it had net income of 59 cents.

The manufacturer of products that measure gas and water flow posted revenue of $135.7 million in the period.

For the year, the company reported profit of $60.9 million, or $2.08 per share. Revenue was reported as $505.2 million.

Badger Meter shares have dropped 19% since the beginning of the year. The stock has dropped 14% in the last 12 months.

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