Badger Meter

Q2 FY2026 EarningsQ2 FY26 net sales decreased 6.6% YoY to $222.3M, primarily due to uneven AMI project pacing in Utility Water. Gross margin contracted 30bps to 40.8% on lower volumes and product mix, while net earnings fell 14.1% YoY to $29.7M. Diluted EPS reached $1.02 compared to $1.17 in the prior year. The acquisition of UDlive for $94.4M in May 2026 adds sewer monitoring capabilities but contributed $1.2M in transaction costs this quarter.