Badger Meter Q2 sales rise 10% to $238.1 million; diluted EPS up 4% to $1.17
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing 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 July 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.