News about Badger Meter

Badger Meter reported third-quarter sales of $235.9 million, flat year over year, as a $5.6 million contribution from UDlive offset a 2% decline in base sales. Base sales rose 5% sequentially from the second quarter as previously awarded utility projects ramped up. Operating margin was 20.2%, and base operating margin, excluding UDlive, reached 20.9%, up 130 basis points; diluted EPS rose to $1.24 from $1.19. Free cash flow fell to $40.3 million from $48.2 million, while the company repurchased about $55 million of shares and raised its annual dividend 10%. Management expects full-year organic sales to decline by low single digits and fourth-quarter revenue to improve both sequentially and year over year, while rising electronic component costs tied to AI and data center demand remain a key risk.