Badger Meter Q2 sales fall, but slightly beat estimates

Badger Meter

22/07/2026 13:41

    

    Overview
  
US water management firm's Q2 sales fell 7% yr/yr, slightly beating analyst expectations
Q2 diluted EPS declined 13% yr/yr to $1.02
Company completed acquisition of UDlive, expanding sewer line monitoring capabilities

    

    Outlook
  
Company expects full-year 2026 revenue, excluding acquisitions, to be flattish versus 2025
Company maintains focus on cost management to mitigate temporary sales pacing effects

    

    Result Drivers
  
AMI PROJECT PHASING - Co said uneven ramp of advanced metering infrastructure projects led to lower yr/yr utility water sales
COST MANAGEMENT - Tight spending controls and lower incentive compensation helped reduce operating expenses, partially offsetting sales decline
FLOW INSTRUMENTATION GROWTH - Sales of flow instrumentation products rose 6% yr/yr, driven by water-related markets

    
Company press release: ID:nBw5XX5Cza

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Sales
Slight Beat*
$222.32 mln
$220.20 mln (9 Analysts)
Q2 EPS
 
$1.02
 
Q2 Net Income
 
$29.72 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

    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"
Wall Street's median 12-month price target for Badger Meter Inc is $165.00, about 13.1% above its July 21 closing price of $145.87
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 29 three months ago

    

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(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.)