BADGER METER INC

Badger Meter, Inc. has amended and extended its $150 million multi-currency revolving credit facility, pushing the maturity date to July 8, 2031. The facility bears interest at varying rates based on the company's Consolidated Net Debt to EBITDA Ratio, initially at Term SOFR, Adjusted EURIBO, or Daily Simple SONIA plus 87.5 basis points. The company must maintain specific financial covenants, including a Consolidated Net Debt to EBITDA Ratio not exceeding 3.00 to 1.00, with a temporary increase option for material acquisitions.

Badger Meter, Inc. hosted its 2026 Investor Day, highlighting its position as a pure-play smart water solutions provider and its multi-decade digital transformation strategy. The company emphasized its strong financial performance, including a 17% sales CAGR and 28% SaaS revenue CAGR from 2015-2025, driven by mission-critical water meter replacement demand and the adoption of AMI and 'Beyond the Meter' technologies. Badger Meter outlined its financial framework, targeting high single-digit organic revenue growth and double-digit EPS growth, supported by disciplined capital allocation and a robust M&A strategy.

Badger Meter Inc. (BMI) amended and restated its bylaws as of April 24, 2026. The revised bylaws detail procedures for annual and special shareholder meetings, including requirements for shareholder-initiated business and director nominations. A new policy mandates that directors in uncontested elections must tender their resignation if they receive more "withheld" votes than "for" votes. Additionally, directors are not eligible for re-election after their 72nd birthday.

Badger Meter, Inc. reported its first-quarter 2026 financial results, showing a decline in key metrics. Total sales decreased by 9% to $202.3 million, and diluted earnings per share fell to $0.93 from $1.30 in the prior year's quarter. Operating earnings also saw a reduction to $35.2 million, with the operating profit margin contracting to 17.4%. Despite the weaker financial performance, the company announced a definitive agreement to acquire UDlive, expected to close by the end of April 2026.