A securities class action has been filed against Badger Meter, Inc. (BMI) on behalf of persons and entities that purchased or otherwise acquired Badger Meter common stock between April 18, 2024 through April 16, 2026. This case has been filed in the USDC – SDNY.
Badger Meter manufactures and sells water measurement and management products. Historically, the Company’s business centered on traditional water meters used by municipal and regional utilities to measure water consumption for billing and system management purposes. Recently, Badger Meter expanded into advanced metering infrastructure (“AMI”) solutions, which allows utilities to collect usage data remotely through communication endpoints and software platforms.
The complaint alleges that During the Class Period, Defendants told investors that Badger Meter’s strong financial results reflected “ongoing favorable industry trends,” “secular growth drivers,” and “solid operating execution.” They likewise touted “strong” demand and said they were seeing “robust order pacing and a strong bid pipeline that positions us well for continued sales and earnings growth,” and that Badger Meter possessed a “long runway” for growth.
In truth, rather than reflecting durable, demand-driven growth, Badger Meter’s financial results were driven by the Company’s practice of pulling-forward customer orders, which concealed weakening demand and deteriorating near-term order trends. The truth was revealed to investors over the course of a series of disappointing quarterly financial reports between July 2025 and April 2026.