Q1 Revenue Falls to $202.3M, EPS at $0.93 for Badger Meter
BMI is trading near its 52-week low of $112.45 (0.9% above the low) on elevated volume (3.1× avg).
Summary
Badger Meter reported first-quarter 2026 net sales of $202.3 million and diluted earnings per share of $0.93, a notable decline from $222.2 million in sales and $1.30 EPS in the prior-year quarter. This detailed earnings report quantifies the 'significant decline' previously indicated in the April 17th 8-K filing. Management attributed the revenue contraction to the timing of utility water projects and slower order pacing, which also impacted gross margin and operating earnings. The specific figures provide critical context for investors, especially as the stock trades near its 52-week low, confirming the negative financial trajectory. Traders will now focus on the company's ability to improve order rates and project timing in subsequent quarters.
At the time of this announcement, BMI was trading at $113.42 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $112.45 to $256.08. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.