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.
On April 17, 2026, Badger Meter reported its first quarter 2026 financial results. Among other items, Badger Meter reported earnings per share of $0.93, missing consensus estimates by $0.26, and revenue of $202.03 million, missing consensus estimates by $28.58 million. Badger disclosed that its utility water sales declined 10% year-over-year, reflecting project timing and softer short cycle municipal customer ordering.
On this news, Badger’s stock price fell $36.75 per share, or 24.13%, to close at $115.54 per share on April 17, 2026.