Fluid meters manufacturer Badger Meter beats Q3 sales forecast, raises dividend

Badger Meter

21/10/2025 13:41

Overview

Badger Meter Q3 sales rise 13% yr/yr, beating analyst expectations

Diluted EPS for Q3 increases 10% to $1.19 compared to $1.08 last year

Company raises annual dividend rate by 18%, marking 33rd consecutive yr of growth

Outlook

Badger Meter expects high-single-digit average revenue growth over the next five years

Company raises normalized gross margin range to 39-42% from 38-40%

Company monitors global tariff and supply chain dynamics for agility

Result Drivers

SALES GROWTH - 13% increase in total sales driven by strong demand for utility water products, including BEACON SaaS and ultrasonic water meters

SMARTCOVER INTEGRATION - Successful integration of SmartCover acquisition contributed to sales growth in Q3, according to CEO

GROSS MARGIN IMPROVEMENT - Gross margin increased to 40.7% from 40.2% in prior year qtr, aided by structural benefits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$235.65 mln
$231.88 mln (9 Analysts)
Q3 EPS
$1.19
Q3 Net Income
$35.07 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "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 $208.00, about 9.9% above its October 20 closing price of $187.41

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release: ID:nBwbzJtfla

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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.)