Badger Meter reaffirms 10%-15% EPS growth outlook over next five years
BMI•Badger Meter reaffirmed its outlook for 10%-15% earnings-per-share growth and at least 100% free cash flow conversion over the next five years. Third-quarter sales were $235.9 million, while operating earnings rose 4% to $47.7 million.
1. Five-year outlook
In its October 2026 investor presentation, Badger Meter reaffirmed expectations for high-single-digit sales growth and 10%-15% earnings-per-share growth over the next five years. The outlook also calls for free cash flow conversion of at least 100%.
2. Third-quarter results
Third-quarter sales totaled $235.9 million, flat year over year and up 6% sequentially as awarded utility projects began or increased deployments. Operating earnings rose 4% year over year to $47.7 million, and operating margin expanded to 20.2% from 19.6%.
