Badger Meter CEO sees FY26 revenue ‘relatively flat’ vs. FY25

CEO Kenneth Bockhorst concluded, “Our focus remains on disciplined execution while continuing to advance our long-term strategic initiatives. Our strong balance sheet provides us the ability to continue to invest in our business, return cash to shareholders and acquire businesses in our attractive M&A funnel. This balanced approach positions us to manage near-term variability, while building momentum throughout the year and creating durable value for our stakeholders. As awarded projects advance into deployment, we expect revenue to improve sequentially. Increasing project activity and a more normalized mix will support a stronger revenue run-rate as we exit 2026, with full-year revenue, excluding acquisitions, relatively flat versus 2025. The uneven nature of project timing and order patterns does not diminish our positive view of long-term demand and our competitive advantages within the North American smart water market.”