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Badger Meter Earnings Calls
| Release date | Oct 21, 2025 |
| EPS estimate | $1.11 |
| EPS actual | $1.19 |
| EPS Surprise | 7.21% |
| Revenue estimate | 233.917M |
| Revenue actual | 235.651M |
| Revenue Surprise | 0.741% |
| Release date | Jul 22, 2025 |
| EPS estimate | $1.19 |
| EPS actual | $1.12 |
| EPS Surprise | -5.88% |
| Revenue estimate | 232.693M |
| Revenue actual | 238.095M |
| Revenue Surprise | 2.32% |
| Release date | Apr 17, 2025 |
| EPS estimate | $1.07 |
| EPS actual | $1.30 |
| EPS Surprise | 21.50% |
| Revenue estimate | 220.733M |
| Revenue actual | 222.211M |
| Revenue Surprise | 0.670% |
| Release date | Jan 31, 2025 |
| EPS estimate | $1.01 |
| EPS actual | $1.04 |
| EPS Surprise | 2.97% |
| Revenue estimate | 212.68M |
| Revenue actual | 205.182M |
| Revenue Surprise | -3.53% |
Last 4 Quarters for Badger Meter
Below you can see how BMI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jan 31, 2025 |
| Price on release | $213.91 |
| EPS estimate | $1.01 |
| EPS actual | $1.04 |
| EPS surprise | 2.97% |
| Date | Price |
|---|---|
| Jan 27, 2025 | $207.61 |
| Jan 28, 2025 | $207.41 |
| Jan 29, 2025 | $208.51 |
| Jan 30, 2025 | $208.58 |
| Jan 31, 2025 | $213.91 |
| Feb 03, 2025 | $215.70 |
| Feb 04, 2025 | $216.80 |
| Feb 05, 2025 | $221.51 |
| Feb 06, 2025 | $215.91 |
| 4 days before | 3.03% |
| 4 days after | 0.93% |
| On release day | 0.84% |
| Change in period | 4.00% |
| Release date | Apr 17, 2025 |
| Price on release | $201.63 |
| EPS estimate | $1.07 |
| EPS actual | $1.30 |
| EPS surprise | 21.50% |
| Date | Price |
|---|---|
| Apr 11, 2025 | $183.50 |
| Apr 14, 2025 | $183.28 |
| Apr 15, 2025 | $185.81 |
| Apr 16, 2025 | $183.90 |
| Apr 17, 2025 | $201.63 |
| Apr 21, 2025 | $199.82 |
| Apr 22, 2025 | $208.53 |
| Apr 23, 2025 | $210.43 |
| Apr 24, 2025 | $217.48 |
| 4 days before | 9.88% |
| 4 days after | 7.86% |
| On release day | -0.90% |
| Change in period | 18.52% |
| Release date | Jul 22, 2025 |
| Price on release | $204.80 |
| EPS estimate | $1.19 |
| EPS actual | $1.12 |
| EPS surprise | -5.88% |
| Date | Price |
|---|---|
| Jul 16, 2025 | $240.91 |
| Jul 17, 2025 | $245.81 |
| Jul 18, 2025 | $244.37 |
| Jul 21, 2025 | $245.22 |
| Jul 22, 2025 | $204.80 |
| Jul 23, 2025 | $192.01 |
| Jul 24, 2025 | $189.82 |
| Jul 25, 2025 | $193.01 |
| Jul 28, 2025 | $192.58 |
| 4 days before | -14.99% |
| 4 days after | -5.97% |
| On release day | -6.25% |
| Change in period | -20.06% |
| Release date | Oct 21, 2025 |
| Price on release | $177.35 |
| EPS estimate | $1.11 |
| EPS actual | $1.19 |
| EPS surprise | 7.21% |
| Date | Price |
|---|---|
| Oct 15, 2025 | $180.24 |
| Oct 16, 2025 | $177.89 |
| Oct 17, 2025 | $179.94 |
| Oct 20, 2025 | $187.41 |
| Oct 21, 2025 | $177.35 |
| Oct 22, 2025 | $182.60 |
| Oct 23, 2025 | $186.62 |
| Oct 24, 2025 | $187.29 |
| Oct 27, 2025 | $183.17 |
| 4 days before | -1.60% |
| 4 days after | 3.28% |
| On release day | 2.96% |
| Change in period | 1.63% |
Badger Meter Earnings Call Transcript Summary of Q3 2025
Badger Meter reported a strong Q3 2025: total sales of $236M, up 13% year-over-year (8% base growth excluding SmartCover). Utility water products and ultrasonic meter volumes were key drivers, and software (BEACON SaaS) and water quality solutions contributed to underlying growth. Operating earnings rose 13% to $46.1M with operating margin ~19.6%; base operating earnings (ex-SmartCover) grew 15% with base margin expansion of 120 bps. Gross margin expanded to 40.7% and management raised the company’s normalized gross margin range to 39%–42% (from 38%–40%), citing structural mix improvement and price actions that partially mitigated tariff-related cost pressure. SEA increased mainly from the SmartCover acquisition; excluding SmartCover, base SEA rose modestly due to higher bonus and personnel costs. Consolidated EPS was $1.19 (+10% YoY). Primary working capital improved vs. a year ago, and free cash flow was a record $48.2M. Net cash balance is roughly $200M, supporting organic investment, M&A, and shareholder returns (dividend increased for the 33rd consecutive year). SmartCover is being integrated, showing high growth potential and expected to be EPS-accretive by year two. Management reiterated confidence in durable secular tailwinds for water infrastructure and reiterated a target of average high-single-digit top-line growth over the next five years, while noting near-term unevenness and typical Q4 fewer operating days seasonal impact.
