Water sensor maker Badger Meter's Q3 sales miss analyst estimates
BMI•Badger Meter reported Q3 sales of $235.94 million, below the $240.42 million analyst estimate, while adjusted EPS rose 4% year over year to $1.24. The company repurchased $55 million of shares and raised its annual dividend by 10%.
1. Sales and earnings
Badger Meter's Q3 sales were flat year over year at $235.94 million, missing the $240.42 million analyst estimate. Adjusted EPS rose 4% year over year to $1.24, and net income was $35.90 million.
2. Outlook and capital returns
The company said it expects sequential and year-over-year Base revenue improvement in Q4 2026 and aims to sustain growth momentum into 2027. It repurchased $55 million of shares and raised its annual dividend by 10%.
3. Business drivers
Utility water sales were flat year over year, reflecting uneven AMI project pacing, partially offset by higher software revenue. Flow instrumentation sales rose 2% on strong demand across water-focused end markets; the company attributed higher gross and operating margins to increased sales and structural mix benefits.
