Badger Meter Q1 sales miss estimates on project timing, weak orders

Badger Meter

17/04/2026 13:40

Overview

US water technology firm's Q1 sales fell 9% year-over-year, missing analyst expectations

Diluted EPS for Q1 declined from prior year

Company to acquire UK-based UDlive, expanding sewer line monitoring capabilities

Outlook

Company expects revenue to improve sequentially as awarded projects advance into deployment

Badger Meter sees full-year revenue, excluding acquisitions, relatively flat versus 2025

Company anticipates stronger revenue run-rate as it exits 2026

Result Drivers

PROJECT TIMING - Co said revenue decline was due to completion of large projects in prior year and variability in project deployment timing

SOFTER SHORT-CYCLE ORDERS - Co cited weaker than expected short-cycle municipal customer ordering as a factor in lower utility water sales

HIGHER OPERATING EXPENSES - Increase in selling, engineering and administration expenses, including acquisition costs, weighed on operating margin

Company press release: ID:nBw7TT5j1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$202.28 mln
$230.44 mln (9 Analysts)
Q1 EPS
$0.93
Q1 Net Income
$27.34 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Badger Meter Inc is $177.00, about 16.2% above its April 16 closing price of $152.29

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)