Earnings summaries and quarterly performance for BADGER METER.
Executive leadership at BADGER METER.
Kenneth C. Bockhorst
Detailed
Chairman, President and Chief Executive Officer
CEO
Kimberly K. Stoll
Detailed
Vice President – Sales and Marketing
Richard Htwe
Detailed
Vice President – Global Operations
Robert A. Wrocklage
Detailed
Senior Vice President – Chief Financial Officer
Sheryl L. Hopkins
Detailed
Vice President – Human Resources
William R. A. Bergum
Detailed
Vice President – General Counsel and Secretary
Board of directors at BADGER METER.
Research analysts who have asked questions during BADGER METER earnings calls.
Andrew Krill
Deutsche Bank
7 questions for BMI
Also covers: PNR, VLTO, WTS +1 more
Robert Mason
Robert W. Baird & Co.
7 questions for BMI
Also covers: AEIS, AME, ATMU +12 more
Scott Graham
Seaport Research Partners
7 questions for BMI
Also covers: AEIS, AME, AOS +8 more
Nathan Jones
Stifel, Nicolaus & Company, Incorporated
6 questions for BMI
Also covers: AOS, CR, CW +20 more
Jeffrey Reive
RBC Capital Markets
5 questions for BMI
Also covers: WMS
Bobby Zolper
Raymond James
2 questions for BMI
Also covers: VLTO
Michael Fairbanks
J.P. Morgan Chase & Co.
2 questions for BMI
Also covers: AGX, BE, HASI +2 more
Adam Farley
Stifel Financial Corp.
1 question for BMI
Also covers: AOS, CR, DCI +10 more
Tate Sullivan
Maxim Group
1 question for BMI
Also covers: ABM, AMPS, BEEM +17 more
Recent press releases and 8-K filings for BMI.
Badger Meter Declares Quarterly Dividend and Expands Share Repurchase Program
BMI
Dividends
Share Buyback
- Badger Meter's Board of Directors declared a regular quarterly cash dividend of $0.40 per share, payable on December 5, 2025, to shareholders of record on November 21, 2025.
- The Board approved a new share repurchase authorization for up to $75 million of the company's common stock, valid through November 30, 2028.
- This new authorization replaces a prior one, under which the company purchased approximately $15 million (82,448 shares) during the fourth quarter of 2025.
- The company's CEO, Kenneth C. Bockhorst, highlighted the company's strong balance sheet and consistent dividend growth for 33 consecutive years, stating that the expanded repurchase authorization provides flexibility for opportunistic buybacks.
Nov 7, 2025, 9:15 PM
Badger Meter Reports Strong Q3 2025 Financial Performance
BMI
Earnings
Guidance Update
M&A
- Badger Meter (BMI) reported Q3 2025 total sales of $236 million, marking a 13% year-over-year increase, with base sales growing 8%.
- Operating earnings rose 13% to $46.1 million, resulting in an operating margin of 19.6%. Gross margins expanded 50 basis points to 40.7%, leading the company to raise its normalized gross margin range to 39% to 42%.
- Consolidated EPS increased 10% year-over-year to $1.19, and the company achieved record free cash flow of $48.2 million.
- The company expressed confidence in achieving an average top-line growth rate of high single digits organically over the next five years and highlighted its approximately $200 million net cash position.
Oct 21, 2025, 3:00 PM
Badger Meter Announces Strong Q3 2025 Financial Results
BMI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Badger Meter reported total sales of $235.7 million in Q3 2025, marking a 13.1% increase year-over-year, with Base sales of $224.5 million growing 8%.
- Earnings Per Share (EPS) for Q3 2025 reached $1.19 per share, reflecting a 10.2% growth compared to the prior year.
- The company's operating profit margin expanded by 10 basis points to 19.6%, and the Base operating profit margin saw a significant increase of 120 basis points to 20.7%.
- Record free cash flow of $48.2 million was generated in Q3 2025, an increase of 14.8% year-over-year.
Oct 21, 2025, 3:00 PM
Badger Meter Reports Strong Q3 2025 Financial Performance
BMI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Badger Meter reported Q3 2025 sales of $236 million, representing a 13% increase year-over-year, with underlying growth driven by higher ultrasonic meter unit volumes, increased Beacon SaaS, and water quality product sales.
- Operating earnings grew 13% year-over-year to $46.1 million, and operating margins expanded to 19.6%.
- Gross margins expanded 50 basis points to 40.7%, leading the company to increase its normalized gross margin range from 38-40% to 39% to 42%.
- Diluted EPS increased 10% year-over-year to $1.19, and the company achieved record free cash flow of $48.2 million.
- The company remains confident in an average top-line organic growth rate of high single digits over the coming five-year time horizon, while noting that the fourth quarter typically has fewer operating days due to utility holiday schedules.
Oct 21, 2025, 3:00 PM
Badger Meter Reports Strong Q3 2025 Financial Results
BMI
Earnings
Dividends
Revenue Acceleration/Inflection
- Badger Meter Inc. reported strong third-quarter 2025 financial results, with revenue reaching $235.7 million, a 13.1% increase year-over-year, and GAAP earnings per share of $1.19.
- The company's net income rose to $35.08 million from $32.04 million in the previous year.
- Badger Meter raised its annual dividend by 18% to $1.60 per share, marking the 33rd consecutive year of dividend growth.
- Growth was attributed to the successful integration of its SmartCover acquisition and robust demand for digital water technologies.
- The firm adjusted its gross margin outlook to 39-42% and highlighted a five-year compound annual revenue growth rate of approximately 16.5%.
Oct 21, 2025, 12:53 PM
Badger Meter Reports Strong Third Quarter 2025 Financial Results
BMI
Earnings
Guidance Update
Dividends
- Badger Meter reported total sales of $235.7 million for the third quarter ended September 30, 2025, a 13% increase compared to $208.4 million in the prior year.
- Diluted earnings per share (EPS) for Q3 2025 increased 10% to $1.19, up from $1.08 in the prior year quarter.
- Operating earnings for the quarter grew 13% year-over-year to $46.1 million, achieving an operating profit margin of 19.6%.
- The company increased its annual dividend rate by 18% to $1.60 per share, marking the 33rd consecutive year of dividend growth.
- Badger Meter also raised its normalized gross margin range from 38-40% to a new range of 39-42%.
Oct 21, 2025, 12:30 PM
Badger Meter Reports Strong Q3 2025 Financial Results and Highlights Strategic Acquisitions
BMI
Earnings
M&A
Dividends
- Badger Meter reported strong Q3 2025 financial results, with sales increasing 13.1% to $235.7 million, EPS growing 10.2% to $1.19, and Free Cash Flow rising 14.8% to $48.2 million compared to Q3 2024.
- The company acquired SmartCover on January 30, 2025, for $185 million, which contributed $11.1 million to Q3 2025 net sales and is anticipated to be accretive to EPS after its first year.
- Badger Meter maintains a robust financial position with no outstanding debt obligations, $202 million in cash as of September 30, 2025, and a $150 million untapped revolver, alongside a track record of 33 consecutive years of dividend increases.
- The company also highlighted strong full year 2024 performance, including $826.6 million in sales, 114% Free Cash Flow Conversion, and $4.23 EPS.
Oct 20, 2025, 10:00 PM
Badger Meter Reports Record Q2 2025 Sales and EPS
BMI
Earnings
Guidance Update
M&A
- Badger Meter reported record sales of $238 million in Q2 2025, marking a 10% increase year-over-year, or 5% when excluding the Smart Cover acquisition.
- Gross margins expanded by 170 basis points to 41.1% in Q2 2025, contributing to a consolidated EPS of $1.17.
- The Smart Cover acquisition contributed over $10 million in sales and increased SG&A expenses, including $1.6 million in intangible asset amortization; it is currently EPS dilutive but is expected to become accretive in year two.
- For Q3 2025, the company anticipates a sequential decline in absolute sales due to the completion of some AMI projects, but still expects year-over-year sales growth excluding Smart Cover, maintaining a long-term outlook for high single-digit revenue growth.
Jul 23, 2025, 2:25 AM
Badger Meter Q1 2025 Earnings Reflect Strong Performance and Strategic Integration
BMI
Earnings
M&A
Revenue Acceleration/Inflection
- EPS increased by 31% YoY to $1.30 per share, reflecting robust earnings improvement.
- Reported $222.2M in sales with 13% YoY growth and a record operating margin of 22.2% for Q1 2025.
- Gross profit margins reached 42.9%, a 360 basis point improvement, driven by 25% growth in software sales.
- Achieved record free cash flow of $30M, up 60% YoY, underpinning operational resilience.
- Completed strategic SmartCover acquisition, integrating sewer monitoring capabilities into the BlueEdge water management suite.
- Management is addressing tariff uncertainties with targeted pricing adjustments to manage cost pressures amid global supply challenges.
- Form 8-K filing dated April 17, 2025 details these results along with an attached press release, with notice signed by SVP and CFO Robert A. Wrocklage.
Apr 17, 2025, 3:01 PM
Quarterly earnings call transcripts for BADGER METER.
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