Badger Meter Q1 2025 sales rise 13% to $222.2 million; EPS up 31% to $1.30
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.