BMIBadger Meter, Inc.
Badger Meter, Inc. sells water and utility meters, smart sensors, and related services for water and wastewater management. The next catalyst is Oct 22, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to stabilize revenue after a 9% sales decline and ongoing securities fraud investigations .
- Revenue fell 6.3% YoY to $882.46M, with net income of $126.72M and diluted EPS of $1.02.
- Free cash flow (TTM) was $270.42M, with a net margin of 14.4%.
- Debt-to-equity is 0x, but the company has faced legal and operational headwinds.
The Read
2% after missing Q1 2026 earnings by 21% and facing securities fraud investigations, then dropped another 9% in Q2 due to a 9% sales decline and analyst downgrades, with no recovery despite management calling the weakness temporary.
The schedule
- Thu22Oct
The earnings release will test whether BMI can deliver consistent revenue growth and margin expansion, with a focus on the guidance reset for the next fiscal year. The last print saw a bearish outcome due to weak margin commentary.
- Tue15Dec
The finalization of the 2027 municipal capex and infrastructure budget will test BMI's ability to secure contracts and drive revenue growth in a key growth area. The outcome will depend on the level of public investment in infrastructure projects.
- Thu21Jan
This report will test the company's ability to sustain revenue growth and improve operating margins, particularly in the context of municipal capex spending. The last print saw a bearish outcome due to weak guidance.
- Thu22Apr
The earnings release will test the company's ability to maintain revenue growth and improve operating margins, with a focus on the guidance reset for the next fiscal year. The last print saw a bearish outcome due to weak margin commentary.
- Thu22Jul
This report will test the company's ability to sustain revenue growth and improve operating margins, particularly in the context of municipal capex spending. The last print saw a bearish outcome due to weak guidance.
Past
- Thu16Jul
Actual outcome: Bear · $117.86 at outcome
Badger Meter reported weaker-than-expected Q1 results, with sales falling 9% year-over-year and EPS of $0.93 missing consensus estimates of $1.20 due to project delays and a softer short-cycle order environment. The significant top- and bottom-line miss, along with slashed analyst forecasts, drove the stock down sharply from over $150 prior to the release, firmly aligning with the bear case despite management characterizing the weakness as temporary.
- Mon20Apr
Actual outcome: Bear · $119.16 at outcome
Badger Meter reported a significant Q1 earnings and revenue miss, with EPS of $0.93 falling short of the $1.20 estimate and sales dropping 9% year-over-year due to project timing gaps. While the stock managed a 5.1% recovery from the event date as management emphasized the weakness was temporary, the severe earnings-driven gap down and subsequent securities fraud investigations kept shares well below the bear floor.