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Badger Meter Inc
F:33B

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Badger Meter Inc
F:33B
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Price: 107.9 EUR -1.1% Market Closed
Market Cap: €7.7B

Badger Meter Inc
Investor Relations

Badger Meter makes equipment and software that help people measure and manage water. Its core products are water meters, flow measurement devices, sensors, and communication systems that let utilities and businesses track water use and detect leaks or other problems. It also sells software and services that turn that data into useful information for billing, operations, and maintenance. Its main customers are water utilities, municipalities, and commercial and industrial users that need accurate water measurement and monitoring. Badger Meter makes money by selling hardware, software, and related support, with a business that often becomes more valuable after the first sale because customers need ongoing meter replacement, data services, and system upgrades. That mix gives it both equipment sales and recurring service relationships. What makes the company’s role distinctive is that it sits at the point where physical water infrastructure meets digital monitoring. It is not just selling meters; it is helping customers manage a critical utility with better data, which is especially useful when water loss, billing accuracy, and infrastructure upkeep matter. That makes Badger Meter a specialized supplier in an essential but often overlooked part of the water industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 17, 2026
AI Summary
Q1 2026

Revenue: Q1 sales fell 9% year over year to $202 million, as project timing and weaker short-cycle orders hit results more than expected.

Outlook: Management now expects full-year 2026 organic revenue to be roughly in line with 2025, while still expecting a stronger back half as awarded projects start deploying.

Margins: Gross margin stayed solid at 41.7%, near the top of the company’s normal range, even though operating margin fell to 17.4% because of lower volume.

Acquisition: Badger Meter announced a $100 million deal to buy UD Live, a sewer monitoring software and hardware business, and said it should be accretive to EPS in year 1.

Project pipeline: Management said the company has 2.6 million to 3.6 million awarded connections expected to begin deployment in the back half of 2026, far more than the 800,000 connections that drove the prior cycle.

Market view: The company said the quarter’s weakness was timing-related, not a sign of weaker demand, market share loss, or a change in long-term water modernization trends.

Key Financials
Sales
$202 million
Gross margin
41.7%
Selling, engineering and administrative expenses
$49.2 million
Operating earnings
about $35.2 million
Operating margin
17.4%
Tax rate
24.8%
Diluted earnings per share
$0.93
Primary working capital
20.0% of sales
Free cash flow
about $30 million
Shares repurchased
256,000 shares
Share repurchases
$38 million
Remaining buyback authorization
$115 million
UD Live purchase price
$100 million
UD Live revenue
about $22 million
Short-cycle revenue miss
$15 million to $20 million
Executive salary reduction
10%
Awarded project connections
2.6 million to 3.6 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kenneth C. Bockhorst
Chairman, President & CEO
No Bio Available
Mr. Robert A. Wrocklage CPA
Senior VP & CFO
No Bio Available
Mr. Richard Htwe
Vice President of Global Operations
No Bio Available
Ms. Kimberly K. Stoll
Vice President of Sales & Marketing
No Bio Available
Ms. Sheryl L. Hopkins
Vice President of Human Resources
No Bio Available
Ms. Karen Bauer
VP of Investor Relations, Corporate Strategy & Treasurer
No Bio Available
Mr. William R. A. Bergum
VP, General Counsel & Secretary
No Bio Available
Mr. Daniel R. Weltzien
VP & Controller
No Bio Available

Contacts

Address
WISCONSIN
Milwaukee
4545 W Brown Deer Rd
Contacts
+14143715702.0
www.badgermeter.com
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