Every material Form 8-K Badger Meter has filed with the SEC since July 20, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Badger Meter reported third quarter 2026 results, with diluted EPS of $1.24, up 4% from $1.19, and operating earnings of $47.7 million, up 4% year over year. Sales were $235.9 million, essentially flat against $235.7 million a year earlier, and included $5.6 million from the UDlive acquisition. The company also raised its annual dividend rate 10% to $1.76 per share and repurchased about $55 million of its shares during the quarter.
Diluted EPS of $1.24 versus $1.19 in Q3 2025; operating earnings of $47.7 million, up 4%
Net sales of $235.9 million versus $235.7 million; utility water sales declined 3% year over year excluding UDlive
Annual dividend rate raised 10% to $1.76 per share, the 34th consecutive year of dividend growth
Nine-month net sales were $660.5 million versus $696.0 million a year earlier
Badger Meter reported second-quarter 2026 results with total sales of $222.3 million, down 7% from $238.1 million a year earlier, and diluted EPS of $1.02 versus $1.17. Sales rose 10% from the first quarter, and management expects full-year revenue excluding acquisitions to be flattish versus 2025, so the year-over-year decline in profit matters to shareholders.
Total sales were $222.3 million, up 10% sequentially but down 7% year-over-year.
Operating earnings fell 12% to $39.4 million; operating margin was 17.7% versus 18.8% a year earlier.
Diluted EPS was $1.02, down from $1.17 in the second quarter of 2025.
UDlive acquisition closed May 1, 2026; management expects full-year 2026 revenue excluding acquisitions to be flattish versus 2025.
Badger Meter amended and extended its $150 million multi-currency revolving credit facility on June 5, 2026, pushing the maturity date to July 8, 2031. No amounts were outstanding under the facility before or after the amendment, so the change extends available borrowing capacity rather than adding debt.
Facility size: $150 million multi-currency revolving credit, amended and extended on June 5, 2026
New maturity date: July 8, 2031
No borrowings outstanding before or after the amendment
Interest initially set at benchmark rates plus 87.5 basis points; covenants include a maximum Consolidated Net Debt to EBITDA Ratio of 3.00 to 1.00
Badger Meter reported first-quarter 2026 sales of $202.3 million, down 9% from $222.2 million a year earlier, and diluted EPS of $0.93 versus $1.30. The company attributed the decline to project timing and weaker short-cycle orders, and it agreed to acquire UDlive, which is expected to close at the end of April 2026. Management expects full-year 2026 revenue, excluding acquisitions, to be relatively flat versus 2025.
Net sales were $202.3 million, down 9% from $222.2 million in the first quarter of 2025.
Operating earnings were $35.2 million, with a 17.4% operating margin, compared with $49.4 million and 22.2% a year earlier.
Diluted EPS was $0.93, compared with $1.30 in the prior-year quarter.
Full-year 2026 revenue, excluding acquisitions, is expected to be relatively flat versus 2025; UDlive acquisition expected to close at the end of April 2026.
Badger Meter reported fourth-quarter 2025 sales of $220.7 million, up 8% from a year earlier, and diluted earnings per share of $1.14, up from $1.04. For full year 2025, sales reached a record $916.7 million, up 11%, and diluted EPS was $4.79, up 13%, with the SmartCover acquisition contributing to growth. Management said Base revenue growth is expected to stay below its five-year outlook through the first half of 2026.
Q4 2025 operating earnings were $43.0 million, up 10%, with an operating margin of 19.5%.
Full year 2025 operating earnings rose 16% to $183.4 million; cash provided by operations was $183.7 million.
Management expects Base revenue growth to remain lower than its five-year outlook until several awarded projects begin in the first half of 2026 ending.
The Puerto Rico Aqueduct and Sewer Authority selected Badger Meter's cellular AMI solution for a project covering 1.6 million service connections.
Badger Meter announced several executive appointments effective January 1, 2026, including Robert Wrocklage moving from Chief Financial Officer to Executive Vice President – North America Municipal Utility and Daniel Weltzien becoming Vice President – Chief Financial Officer and Treasurer. The company also amended and restated key executive employment agreements, including the CEO's, which set change-in-control severance terms. The filing reports no financial results, and the changes are mainly leadership and compensation updates.
Robert Wrocklage, Senior Vice President – CFO since 2019, becomes Executive Vice President – North America Municipal Utility on January 1, 2026, with base salary rising to $550,000
Daniel Weltzien, currently Vice President – Controller and Treasurer, becomes Vice President – CFO and Treasurer on January 1, 2026, with base salary rising to $390,000
Amended executive employment agreements provide severance of three times annual cash compensation for CEO Kenneth Bockhorst and two times for other executive officers after a qualifying termination following a change in control
Badger Meter reported third-quarter 2025 results, with sales up 13% to $235.7 million and diluted EPS up 10% to $1.19. Excluding the SmartCover acquisition, sales rose 8%, and the company raised its normalized gross margin range to 39-42% from 38-40%. The company also increased its annual dividend rate 18% to $1.60 per share.
Total sales $235.7 million, up 13% from $208.4 million; Base sales (excluding SmartCover) $224.5 million, up 8%
Diluted EPS $1.19 versus $1.08 a year earlier, up 10%
Normalized gross margin range raised to 39-42% from 38-40%
Annual dividend rate increased 18% to $1.60 per share, the 33rd consecutive year of dividend growth
Badger Meter reported second quarter 2025 results on July 22, 2025, with net sales of $238.1 million, up 10% from $216.7 million a year earlier, and diluted EPS of $1.17, up 4% from $1.12. Operating margin narrowed to 18.8% from 19.2%, and the company said the SmartCover acquisition contributed to sales and expenses. Higher sales and per-share earnings are the main headline gains for shareholders, while the slightly lower margin and higher tax rate partly offset them.
Net sales were $238.1 million, up 10% from $216.7 million in the prior-year quarter, including the first full quarter of SmartCover
Diluted EPS was $1.17 versus $1.12; operating earnings rose 8% to $44.9 million
Operating margin was 18.8% versus 19.2%; cash provided by operations rose 22% to $44.6 million
Six-month acquisitions, net of cash acquired, totaled $184.0 million, per the cash flow statement
Badger Meter reported first quarter 2025 results, with net sales of $222.2 million, up 13% from $196.3 million a year earlier, and diluted EPS of $1.30, up 31% from $0.99. The results include two months of the SmartCover acquisition, which closed January 30, 2025, and the company said it will maintain its normalized gross margin range of 38-40%, below the 42.9% it reported in the quarter.
Net sales were $222.2 million, up 13% year-over-year; utility water sales rose 16%, or 12% excluding SmartCover.
Operating earnings rose 35% to $49.4 million, and operating margin widened to 22.2% from 18.6%.
Diluted EPS was $1.30 versus $0.99; cash fell to $131.4 million from $295.3 million at year-end 2024 after $184.9 million in acquisitions.
Management expects difficult prior-year comparisons in the second quarter of 2025 and kept its 38-40% normalized gross margin range.
Badger Meter reported fourth-quarter and full-year 2024 results on January 31, 2025, with sales, operating profit and earnings per share all higher than a year earlier. The company also said it acquired SmartCover Systems, a sewer and lift station monitoring business, and the filing does not state the deal terms. For shareholders, the results show growth in both sales and profit, and the acquisition extends the company's BlueEdge product line.
Q4 2024 net sales were $205.2 million, up 13% from $182.4 million a year earlier.
Q4 diluted EPS was $1.04, up 24% from $0.84, and operating profit rose 22% with a 19.1% margin.
Full-year 2024 net sales were $826.6 million, up 18%, and diluted EPS was $4.23, up 35% from $3.14.
The company announced the acquisition of SmartCover Systems on January 31, 2025; the filing does not disclose its price.
Badger Meter reported third quarter 2024 results for the period ended September 30, 2024, with sales up 12% year over year to $208.4 million and diluted earnings per share up 23% to $1.08. Operating profit rose 29% and the operating margin reached a record 19.5%, while the company also raised its annual dividend rate by 26% to $1.36 per share.
Third quarter net sales of $208.4 million, up 12% from $186.2 million a year earlier
Diluted EPS of $1.08, up from $0.88; operating profit margin of 19.5% versus 16.9% a year earlier
Net cash provided by operations of $45.1 million, up 43% year over year
Annual dividend rate increased 26% to $1.36 per share, the 32nd consecutive year of dividend growth
Badger Meter reported second quarter 2024 net sales of $216.7 million, up 23% from $175.9 million a year earlier, with diluted EPS of $1.12 versus $0.76. Operating profit rose 41% and the operating margin widened to 19.2% from 16.8%, which shows strong growth in both sales and profit for shareholders. Management said it expects high single digit sales growth in the second half of 2024 and modest operating margin expansion over the full year.
Q2 2024 net sales $216.7 million vs. $175.9 million in Q2 2023 (up 23%)
Operating margin 19.2% vs. 16.8% a year earlier; operating earnings up 41%
Diluted EPS $1.12 vs. $0.76; six-month diluted EPS $2.11 vs. $1.42
Management expects high single digit sales growth in the back half of 2024
Badger Meter reported first quarter 2024 results for the period ended March 31, 2024, with net sales up 23% year-over-year to $196.3 million and diluted earnings per share up 50% to $0.99. Operating profit rose 46%, and the company said operating margin reached 18.6%, and it did not provide numeric guidance in the release.
Net sales of $196.3 million compared with $159.1 million a year earlier.
Diluted EPS of $0.99 compared with $0.66 in the prior year quarter.
Operating margin of 18.6%, up 290 basis points from 15.7%; utility water sales rose 29%, while flow instrumentation sales fell 3%.
Telog/Unity remote network monitoring acquisition completed at the start of 2024; the company will hold a conference call on April 18, 2024.
Badger Meter reported fourth quarter and full year 2023 results in a press release furnished under Item 2.02. Fourth quarter net sales rose 24% to $182.4 million and diluted EPS rose 40% to $0.84, while full year sales reached $703.6 million and diluted EPS reached $3.14, up 39%. Growth in utility water sales and higher margins drove the results, which the company says it expects to support sales and earnings growth in 2024.
Q4 2023 net sales were $182.4 million, up 24% from $147.3 million a year earlier.
Q4 2023 operating profit margin was 17.6%, up 230 basis points from 15.3%.
Full year 2023 diluted EPS was $3.14, up from $2.26, and full year net cash from operations was $110.1 million.
Management said it is confident in growing sales and earnings year-over-year in 2024; a conference call was held January 26, 2024 at 10:00 AM Central.
Badger Meter reported record third quarter 2023 results, with net sales of $186.2 million, up 26% from $148.0 million a year earlier. Diluted earnings per share rose 44% to $0.88, and operating earnings increased 31%. The company also announced a 20% increase in its annual dividend rate, its 31st consecutive annual increase.
Net sales of $186.2 million, up 26% from $148.0 million in the third quarter of 2022.
Diluted EPS of $0.88, up from $0.61; the 20.3% tax rate included a discrete favorable income tax benefit.
Operating profit margin expanded 80 basis points to 16.9% from 16.1%.
Annual dividend rate increased 20%, the 31st consecutive annual increase; net cash provided by operations was $31 million, up 32%.
Badger Meter reported record second-quarter 2023 results, with net sales of $175.9 million, up 28% from $137.8 million a year earlier. Diluted earnings per share rose 33% to $0.76, and operating profit increased 34%, showing growth in both sales and profit for shareholders. Management said it expects benefits from stabilizing supply chain and inflation conditions for the rest of 2023, while acknowledging tougher comparisons in the second half.
Q2 2023 net sales of $175.9 million, up 28% from $137.8 million
Diluted EPS of $0.76, up from $0.57; operating profit up 34% year over year
Operating profit margin of 16.8%, up 80 basis points from 16.0%
Utility water sales rose 32% year over year; flow instrumentation sales rose 6%
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