Badger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says

MT Newswires Live04-20

Badger Meter (BMI) posted an "underwhelming" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.

RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.

The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a "revenue air pocket" in the first half that is masking long-term strength, the note said.

The investment firm said, however, that "seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI."

RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the company's price target to $169 from $197.

Price: 116.51, Change: +0.97, Percent Change: +0.84

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2628722627?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-20 23:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2628722627","market":"fut","top_or_hot":-1,"title":"Badger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BMI\">Badger Meter</a> (BMI) posted an \"underwhelming\" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.</p><p>RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.</p><p>The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a \"revenue air pocket\" in the first half that is masking long-term strength, the note said.</p><p>The investment firm said, however, that \"seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI.\"</p><p>RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the company's price target to $169 from $197.</p><p>Price: 116.51, Change: +0.97, Percent Change: +0.84</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Badger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBadger Meter Posts Underwhelming Q1 Miss Amid Revenue Air Pocket, RBC Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-20 23:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/BMI\">Badger Meter</a> (BMI) posted an \"underwhelming\" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.</p><p>RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.</p><p>The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a \"revenue air pocket\" in the first half that is masking long-term strength, the note said.</p><p>The investment firm said, however, that \"seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI.\"</p><p>RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the company's price target to $169 from $197.</p><p>Price: 116.51, Change: +0.97, Percent Change: +0.84</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BMI","symbol_name":"Badger Meter","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2628722627","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628722627","pubTimestamp":1776699962,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Badger Meter  posted an \"underwhelming\" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a \"revenue air pocket\" in the first half that is masking long-term strength, the note said.The investment firm said, however, that \"seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI.\"RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the co","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BMI":"Badger Meter"},"translate_title":"加拿大皇家银行表示，由于收入陷入困境，Badger Meter第一季度业绩不佳","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMI":1.5},"content_text":"Badger Meter (BMI) posted an \"underwhelming\" Q1 operating miss amid unfavorable project timing and a slower book-and-ship business, RBC Capital Markets said in a note emailed Monday.RBC noted that revenue dropped 9% year on year, which missed consensus estimates for 3% growth, while management decreased full-year organic outlook from below its long-term high single digit percent target to flat year on year, and Q2 is seen declining.The phasing out of four large Advanced Metering Infrastructure, or AMI, deployments coincided with a backlog of nine projects that will not ship until the second half, which created a \"revenue air pocket\" in the first half that is masking long-term strength, the note said.The investment firm said, however, that \"seven of [the] nine large projects in backlog represent share gains, with customers moving from competitor products to Badger's cellular AMI.\"RBC lowered its 2026 EPS estimate by $0.45 to $4.65. It kept its outperform rating on Badger Meter but cut the company's price target to $169 from $197.Price: 116.51, Change: +0.97, Percent Change: +0.84","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2628722627","isCrawlerRequest":true}