Badger Meter Inc

BMI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$?k	LOCK\|SrGH	LOCK\|byJ?f$

Badger Meter: Near-Term Headwinds, but Second-Half Recovery in Sight

Joshua Aguilar , Andy Huang

Apr 17, 2026

Badger Meter delivered first-quarter total sales of $202.3 million, down 9% from $222.2 million in the first quarter last year. Management attributed the sales decline to unfavorable project timing and softer municipal customer ordering.

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Badger Meter Inc

Badger Meter: Near-Term Headwinds, but Second-Half Recovery in Sight

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