Badger Meter, Inc. (NYSE: BMI) Stock Drops After Q1 Earnings Miss and Revenue Decline

Font: Financial Modeling Prep  • Apr 19, 2026

• Badger Meter, Inc. (NYSE: BMI) reported an earnings per share (EPS) of $0.93, significantly missing the consensus estimate of $1.20 and representing a 29% year-over-year decrease.
• The company's revenue also fell short, reaching $202.28 million against an estimated $229.60 million, marking a 9% decline in sales.
• Following the disappointing financial results, Badger Meter's stock experienced a sharp decline of 19%, hitting a new 52-week low of $120.41.

Badger Meter is a company that manufactures and markets products for water utilities, municipalities, and industrial customers worldwide. Its main business involves flow measurement and control solutions. On April 17, 2026, Badger Meter reported its earnings results, which showed a performance below what financial analysts had predicted for the quarter.

The company announced an earnings per share (EPS) of $0.93, missing the consensus estimate of $1.20. As highlighted by Zacks, this figure is also a decrease from the $1.30 per share earned in the same quarter a year ago. This represents a 29% drop in earnings per share for Badger Meter.

Furthermore, Badger Meter posted revenue of $202.28 million, which was short of the estimated $229.60 million. This marks a 9% decline in sales. Management explains this dip is due to a gap between the end of four major projects, which added over 800,000 new water connections, and the start of new ones.

The market reacted negatively to the news. As noted by The Motley Fool, shares of Badger Meter dropped 19% following the announcement. The stock reached a new 52-week low of $120.41, contributing to a 37% decline over the last year. The company's stock last traded at $124.66 with a volume of 464,175 shares.

Despite the weak quarter, Badger Meter maintains a net margin of 15.45% and a return on equity of 20.71%. Return on equity measures how efficiently a company uses shareholder money to create profits. The company also declared a quarterly dividend of $0.40 per share, which results in an annual dividend of $1.60.