Badger Meter Q1 Earnings Call Highlights

• Why Institutions Keep Buying Badger Meter After the Big Drop

Badger Meter (NYSE:BMI) reported first-quarter 2026 results that reflected the interaction of ample AMI task timing and a softer-than-expected short-cycle bid environment, portion absorption emphasized that it views the quarter’s weakness arsenic impermanent and tied to mean variability successful the business.

Chairman, President and CEO Kenneth Bockhorst said the institution operates successful a marketplace supported by “strong semipermanent macro drivers, recurring replacement cycles, and expanding adoption of precocious technologies,” but added that results tin beryllium “uneven 4th to 4th and twelvemonth to year.” He noted that beardown maturation from 2023 done 2025 was amplified by “multi-year cellular AMI stock gains and overlapping task activity,” which reduced the visibility of that unevenness.

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• Badger Meter Gets an Upgrade—2 Stocks That Could Follow

In the archetypal quarter, Badger Meter posted income of $202 million, down 9% year-over-year. Bockhorst attributed the diminution to a operation of task pacing—following the completion of definite AMI deployments up of different awarded projects that person not yet started—and weaker short-cycle orders. He said short-cycle orders were “weaker than we anticipated,” resulting successful astir “$15-$20 cardinal of little gross versus our interior expectations.”

Robert Wrocklage, enforcement vice president of North America municipal utility, said the short-cycle weakness appeared timing-related alternatively than structural. “From our look astatine lawsuit segmentation of wherever the weakness came from, it’s decidedly indicative much of timing aspects than surely thing related to our positioning successful the marketplace oregon share,” Wrocklage said, adding the institution was “not chalking it up to geographic weather.”