Quarterly ResultJul 22, 2026, 08:37 AM
Badger Meter Q2 Sales $222.3M, EPS $1.02; Operating Earnings Down 12%
AI Summary
Badger Meter reported its second quarter 2026 financial results, with total sales of $222.3 million, a 7% decrease year-over-year, and diluted EPS of $1.02, down 13%. Operating earnings also declined 12% to $39.4 million. The company completed the acquisition of UDlive Limited in May and expects an improvement in revenue run-rate in the second half of 2026, with full-year revenue (excluding acquisitions) anticipated to be flat compared to 2025.
Key Highlights
- Total sales for Q2 2026 were $222.3 million, a 7% decrease year-over-year.
- Diluted earnings per share (EPS) was $1.02, down 13% from $1.17 in Q2 2025.
- Operating earnings declined 12% year-over-year to $39.4 million, with a 17.7% operating profit margin.
- Completed the acquisition of UDlive Limited effective May 1, 2026.
- Gross margin was 40.8%, a 30 basis point decrease from the prior year.
- Utility water sales declined 8% year-over-year, including two months of UDlive.
- Sales of flow instrumentation products increased 6% year-over-year.
- Anticipates full-year revenue, excluding acquisitions, to be flat versus 2025.
Price Impact
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