Badger Meter Q1 Earnings, Revenue Fall, Announces UDlive Acquisition; Shares Fall Pre-Market
MT Newswires Live
Apr 17
Badger Meter (BMI) reported Q1 earnings Friday of $0.93 per diluted share, down from $1.30 a year earlier.
Analysts surveyed by FactSet expected $1.22.
Revenue for the quarter ended March 31 was $202.3 million, down from $222.2 million a year earlier.
Analysts polled by FactSet expected $229.6 million.
The company said it has agreed to acquire UK-based UDlive for $100 million plus contingent payments, boosting its sewer monitoring business. The acquisition, expected to close by the end of April 2026, will be funded with cash on hand.
Shares of the company were down 16.6% in Friday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.