Badger Meter Q1 sales fall 9% to $202.3 million; EPS drops to $0.93
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.
Key points
- 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.
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 April 17, 2026.
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.