Overview
- Badger Meter shares fell about 19% to 20% to a new 52-week low following Friday's earnings miss, leaving the stock down roughly 37% over the past year.
- The company reported Q1 sales of about $202.3 million, down 9%, with EPS at $0.93 versus $1.30 a year ago, and operating margin narrowing to 17.4% from 22.2%.
- CEO Kenneth Bockhorst said the decline stemmed from the end of overlapping large smart‑meter projects and weaker short‑cycle orders, which reduced revenue by about $15 million to $20 million.
- Management expects awarded advanced metering projects covering an estimated 2.6 million to 3.6 million connections to start deploying in the second half of 2026 and now guides 2026 organic revenue roughly in line with 2025, weighted to the back half.
- The company agreed to buy UK-based UDlive for about $100 million plus contingent consideration, a move that adds sewer-line monitoring to its BlueEdge platform and is expected to lift EPS in year one with closing targeted by the end of April.