Badger Meter Reports Third Quarter 2026 Financial Results
Business Wire•22/10/2026•08:30 ET
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Key Highlights
- ➤Total sales reached $235.9 million, up 6% sequentially and essentially flat year-over-year
- ➤Operating earnings rose 4% to $47.7 million; margin expanded 60 basis points to 20.2%
- ➤Diluted EPS increased 4% to $1.24 from $1.19
- ➤Annual dividend rate increased 10% to $1.76 per share
- ➤Management expects Base revenue improvement sequentially and year-over-year in Q4, continuing into 2027
Expert Statements
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter
“We were pleased with our third quarter financial results delivering continued sequential sales and operating profit improvement. Consistent with our expectations, third quarter sales reflected the ongoing ramp of awarded utility water projects as well as solid underlying demand trends. I want to thank our employees across the globe for their commitment, contributions and ongoing customer focus.”
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter
“As we enter the final quarter of 2026, we continue to anticipate both sequential and year-over-year Base revenue improvement, inclusive of the fewer operating days typical for the fourth fiscal quarter, and expect to sustain this growth momentum into 2027. We remain steadfastly focused on cost management actions to mitigate the uneven 2026 sales cadence, while effectively addressing ongoing material cost pressures related to broad electronics supply chain dynamics.”
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter
“We maintain our focus on long-term strategic priorities including advancing the multi-year opportunity funnel for both metering and beyond the meter applications. We also continue to enhance our BlueEdge(®) portfolio of solutions against the backdrop of a multi-decade digital transformation of the global water sector, as demonstrated by the recent launch of OneNetwork™, our real-time network monitoring and analysis software platform.”
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter
“During the quarter we repurchased approximately $55 million of our outstanding shares and increased our annual dividend rate for the 34(th )consecutive year, demonstrating our commitment to returning cash to shareholders.”
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter
“In closing, I remain excited about the value creation opportunities ahead of us as we further our vision to preserve and protect the world’s most precious resource.”
Badger Meter, Inc. (NYSE: BMI) today reported results for the third quarter ended September 30, 2026.
* Total sales of $235.9 million increased modestly from the prior year’s $235.7 million and improved 6% sequentially from the second quarter. Base(1 )sales were $230.3 million.
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