BADGER METER INC (BMI) Form 10-Q — Oct 23, 2026
Badger Meter's Q3 2026 net sales were essentially flat at $235.9 million, but diluted EPS rose to $1.24 from $1.19 on gross margin expansion to 41.9%, driven by favorable mix from SaaS and ultrasonic meters. For the first nine months, sales fell 5.1% to $660.5 million and net earnings dropped to $93.0 million ($3.19 diluted EPS) from $108.1 million ($3.65), reflecting uneven AMI project pacing.
Key figures
- Eps
- 1.24
- Eps Beat
- 0
- Revenue
- 235938000
- Net Income
- 35903000
- Revenue Yoy
- 0.1% (Q3); -5.1% nine months
- Total Assets
- 943648000
- Cash Position
- 67928000
- Shares Outstanding
- 28563652
- Gross margin q3
- 41.9%
- Operating margin q3
- 20.2%
- Unused credit lines
- 154500000
- Buybacks nine months
- 119014000
- Net income nine months
- 92958000
- Diluted eps nine months
- 3.19
- Udlive acquisition price
- $94.4 million net of cash
- Udlive earnout potential
- $50.0 million
- Dividends paid nine months
- 35936000
- Remaining buyback authorization
- 34743000
- Cash from operations nine months
- 103878000
AI analysis
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