---
title: "Badger Meter | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 222.32 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293474159.md"
datetime: "2026-07-22T12:34:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293474159.md)
  - [en](https://longbridge.com/en/news/293474159.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293474159.md)
generator: "portal-rs"
---

# Badger Meter | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 222.32 M

Revenue: As of FY2026 Q2, the actual value is USD 222.32 M, beating the estimate of USD 221.06 M.

EPS: As of FY2026 Q2, the actual value is USD 1.02, beating the estimate of USD 1.0138.

EBIT: As of FY2026 Q2, the actual value is USD 39.72 M.

### Second Quarter 2026 Financial Highlights

#### Revenue

Badger Meter, Inc. reported total sales of $222.3 million for the second quarter ended June 30, 2026, which increased 10% sequentially from the first quarter but were 7% lower than the prior year’s $238.1 million. Base sales, excluding the UDlive acquisition, were $220.3 million.

For the six months ended June 30, 2026, net sales were $424.598 million, compared to $460.306 million in the prior year.

#### Segment Revenue

Utility water sales declined 8% year-over-year. Excluding the UDlive acquisition, utility water sales increased 8% sequentially from the first quarter, but were down 9% year-over-year. Sales of flow instrumentation products increased 6% year-over-year.

#### Operational Metrics

Operating earnings for the second quarter declined 12% year-over-year to $39.4 million. The operating profit margin was 17.7%, down from 18.8% in the prior year comparable quarter. Base operating earnings were $40.6 million, a 9% decrease year-over-year, with Base operating profit margins of 18.4%. Gross margin was 40.8%, which was 30 basis points lower than the prior year’s 41.1%. Selling, Engineering and Administration (SEA) expenses were $51.4 million, a decrease of $1.6 million year-over-year. Base SEA expenses declined $3.4 million or 6% year-over-year to $49.6 million, while the UDlive acquisition added $1.8 million to year-over-year expenses. Net earnings for the second quarter were $29.72 million, down from $34.584 million in the prior year.

For the six months ended June 30, 2026, gross margin was $175.100 million, down from $193.247 million in the prior year. Operating earnings for the six months were $74.548 million, down from $94.288 million in the prior year. Net earnings for the six months were $57.055 million, compared to $72.982 million in the prior year.

#### Cash Flow

Net cash provided by operating activities for the second quarter was $26.711 million, down from $44.586 million in the prior year. For the six months ended June 30, 2026, net cash provided by operations was $60.604 million, compared to $77.613 million in the prior year. Property, plant and equipment expenditures were - $4.839 million for the second quarter and - $9.266 million for the six months ended June 30, 2026. Acquisitions, net of cash acquired, resulted in - $94.375 million cash outflow for both the second quarter and the six months ended June 30, 2026.

#### Unique Metrics

Badger Meter, Inc. completed the acquisition of UDlive Limited (UDlive) effective May 1, 2026. The company renewed its undrawn credit facility of $150 million.

#### Outlook / Guidance

Badger Meter, Inc. anticipates an improvement in revenue run-rate in the second half of 2026, with full-year revenue, excluding acquisitions, expected to be flat versus 2025. The company reiterated its long-term financial framework of high-single digit growth for the forward five-year period. Management remains focused on cost management and leverages solid cash flow and credit availability for capital allocation priorities including growth investments, shareholder returns, and accretive acquisitions.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**