Overview

* Badger Meter ( BMI ), which makes products to measure and control the flow of water, saw Q2 sales rise 10% yr/yr

* Diluted EPS for Q2 increases 4% to $1.17

* Utility water sales grow 11% yr/yr, driven by digital smart water solutions

Outlook

* Badger Meter ( BMI ) projects high single-digit revenue growth long-term

* Company sees favorable industry fundamentals supporting growth

* Badger Meter ( BMI ) expects SmartCover synergies to enhance future results

* Company continues to manage tariff impacts effectively

Result Drivers

* DIGITAL SOLUTIONS - Growth driven by increased adoption of digital smart water solutions, including metering and remote monitoring

* SMARTCOVER ACQUISITION - Utility water sales boosted by first full quarter of SmartCover acquisition

* FLOW INSTRUMENTATION - Sales flat as growth in water markets offset by declines in non-water applications

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $238.10 $236.90

mln mln (8

Analysts

)

Q2 EPS $1.17

Q2 Net $34.58

Income mln

Q2 $44.90

Operatin mln

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for Badger Meter Inc ( BMI ) is $235.00, about 4.3% below its July 21 closing price of $245.22

* The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)