Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company ...
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$1.60 per share
Est. EPS $1.23 · Revenue $241.76M · 6 analysts
Est. EPS $1.27 · Revenue $248.22M · 6 analysts
Est. EPS $4.45 · Revenue $914.55M · 7 analysts
$1.60 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $916.7M | +10.9% | +9.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $141.6M | +13.4% | +8.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +41.7% | +4.7% | -2.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +20.0% | +4.7% | +1.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +15.5% | +2.2% | -1.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $169.7M | +19.3% | -26.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +18.5% | +7.6% | -32.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.0% | — | — |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.36x | -26.4% | -19.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $973.6M | +19.3% | +2.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.79 vs 4.82 | -0.7% | 1.02 vs 1.23 | -17.2% |
| Revenue Surprise | $916.7M vs $927.3M | -1.1% | $222.3M vs $241.8M | -8.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Callahan Edward F. | officer: VP-Engineering | Common Stock | A | 751 | $135.25 |
| Jul 1, 2026 | ADAMS TODD A. | director | Phantom Stock Units | A | 128 | — |
| Jul 1, 2026 | Liu Xia | director | Phantom Stock Units | A | 128 | — |
| May 1, 2026 | Liu Xia | director | Phantom Stock Units | A | 131 | — |
| Apr 27, 2026 | Cook Melanie K. | director | Common Stock | A | 952 | $122.96 |
Operator: It is now my pleasure to turn the conference call over to Dan Weltzien, Chief Financial Officer and Treasurer. Please go ahead, Mr. Weltzien. Dan Weltzien : Good morning. Thank you for joining the Badger Meter Second Quarter 2026 Earnings Conference Call. I'm here today with Ken Bockhorst, our Chairman, President, and Chief Executive Officer, and Bob Wrocklage, our Executive Vice President of North America Municipal Utility. This morning, we posted the earnings release and related slide presentation on our website. As a quick reminder, any forward-looking statements made on this call are subject to various risks and uncertainties, the most important of which are outlined in our news release and SEC filings. On today's call, we may refer to certain non-GAAP financial metrics, including base results, which exclude the impact of UDlive, acquired May 1st, 2026. Our release and earnings presentation provide a reconciliation between the most directly comparable GAAP measure and any non-GAAP financial measures discussed. With that, I'll turn the call over to Ken. Ken Bockhorst : Thanks, Dan. Good morning. As expected, we delivered sequentially improved sales in the second quarter as a number of our previously awarded AMI projects began initial ramping of shipments. We also saw a modest increase in our short-term order rates and within flow instrumentation. Importantly, we are reaffirming our outlook for improving sequential top-line results for the balance of the year, with full year 2026 organic revenue still expected to be roughly flattish with 2025 levels. The team executed well on the margin front as we continue to manage operating cost controls as we described in detail last quarter. I'll turn the call over to Dan to walk through the specifics of the quarter. Bob will provide an update on commercial activity and collective customer feedback from our recent annual AWWA ACE trade show. I'll come back to cover the outlook and take your questions. Go ahead, Dan. Dan Weltzien : Thank you, Ken. Turning to slide three, total sales in Q2 were $222.3 million, representing a 7% decline year-over-year. Excluding the two-month benefit of UDlive sales of approximately $2 million, base sales were down 7.5% year-over-year. Importantly, base sales were 9% higher than first quarter levels, as we anticipated, with a number of awarded projects in the pipeline beginning their initial ramp in shipments. Note that we will not be providing individual project-level detail from the anonymized subset of awarded but not yet started projects list that we shared last quarter. As we mentioned during Investor Day back in May, product shipments for the PRASA project have begun. Utility water sales declined 8% year-over-year, and excluding the acquisition, were down 9%, reflecting the project pacing dynamics we have been discussing for some time. Lower AMI-related product revenue was partially offset by higher software, as well as collective beyond the meter …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Kenneth C. Bockhorst | Chairman, President & Chief Executive Officer | USD 2,708,547 | Male | 1973 | Active |
Robert A. Wrocklage | Executive Vice President of North America Municipal Utility | USD 1,187,444 | Male | 1979 | Active |
Sheryl L. Hopkins | Vice President of Human Resources | USD 733,308 | Female | 1969 | Active |
Kimberly K. Stoll | VP of Customer Support and GM of SmartCover | USD 641,388 | Female | 1966 | Active |
William R. A. Bergum | Vice President, General Counsel & Secretary | USD 621,778 | Male | 1965 | Active |
Richard Htwe | Vice President of Global Operations | USD 604,490 | Male | 1968 | Active |
Matthew L. Stuyvenberg | Executive VP of SaaS, Global Commercial & International Utility | — | Male | — | Active |
Christina Tarantino | VP of Controller | — | Female | 1986 | Active |
Barbara Margaret Noverini | Senior Director of Investor Relations | — | Female | — | Active |
Bill Blank | Director of Global Marketing Communications | — | — | — | Active |
Daniel R. Weltzien | VP, CFO & Treasurer | — | Male | 1980 | Active |
Badger Meter, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - BMI PR Newswire
LOS ANGELES, July 31, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Badger Meter, Inc. ("Badger" or "the Company") (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of BMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.
BMI Investors Have Opportunity to Lead Badger Meter, Inc. Securities Fraud Lawsuit with SBS Law PR Newswire LOS AN
LOS ANGELES, July 31, 2026 /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Badger Meter, Inc. ("Badger" or "the Company") (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of BMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Badger Meter To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Badger Meter between April 18, 2024 and April 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - July 30, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Badger Meter, Inc. ("Badger Meter" or the "Company") (NYSE: BMI) and reminds investors of the August 3, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
