Badger Meter (BMI)
NYSE:BMI
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.02Last Year’s EPS
1.17Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but controlled picture: near-term results were weaker than the prior year driven by project pacing and softer short-cycle orders, producing a notable revenue and EPS decline in Q1. Offsetting these negatives are strong cash generation, resilient gross margins, a sizable pipeline of awarded AMI projects (2.6M–3.6M connections), an accretive strategic acquisition (UDLive), and active cost discipline. Management framed Q1 as timing-related with a back-half weighted recovery expected, but acknowledged inherent timing and execution risks that temper visibility into short-cycle demand.Company Guidance
Strong Cash Generation and Capital Return
Generated approximately $30 million of free cash flow in Q1, in line with 2025. Repurchased 256,000 shares for $38 million and have $115 million remaining on the authorization.
Healthy Gross Margin Near Top of Target Range
Reported gross margin of 41.7% in Q1, remaining near the high end of the company's normalized range and demonstrating pricing discipline despite lower volumes (gross margin down 120 basis points year over year).
Large Forward AMI Project Funnel
Awarded AMI projects expected to begin deployment in 2026 represent between approximately 2.6 million and 3.6 million connections over multiple years, materially larger than the prior highlighted cohort of ~800k connections (roughly 3x–4.5x larger by connection count).
PRASA Progress and Project Momentum
Received the first significant purchase order for the PRASA project in Q1 with utility installation partners expected to begin deployment around midyear, increasing confidence in ramp timing for a major project.
Strategic, EPS-Accretive Acquisition
Signed definitive agreement to acquire UDLive for $100 million (funded with cash and contingent consideration). UDLive posted ~ $22 million TTM revenue and positive operating profit; transaction expected to be accretive to EPS in year one and closes in April.
Beyond-the-Meter Product Growth
BEACON SaaS, SmartCover, water quality, and network monitoring product revenues increased in the quarter and partially offset lower metering product revenue; beyond-the-meter lines cited as a bright spot.
Measured Cost Discipline Actions
Implemented near-term cost actions including a 10% salary reduction for executives for six months and continued SEA cost management to protect margins during revenue pacing.
Balance Sheet and Tariff Exposure
Primary working capital improved (decreased from 20.9% of sales at year-end to 20.0% at 03/31/2026) and management reports no material change in tariff exposure as of the call date.
BMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 17, 2026 | $152.29 | $115.54 | -24.13% |
Jan 28, 2026 | $163.99 | $145.94 | -11.00% |
Oct 21, 2025 | $186.49 | $176.47 | -5.37% |
Jul 22, 2025 | $243.48 | $203.34 | -16.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Badger Meter (BMI) report earnings?
Badger Meter (BMI) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Badger Meter (BMI) earnings time?
Badger Meter (BMI) earnings time is at Jul 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMI EPS forecast?
BMI EPS forecast for the fiscal quarter 2026 (Q2) is 1.02.
