Badger Meter (NYSE:BMI) shares are up on Monday. On Friday, the company reported worse-than-expected first-quarter results and announced an acquisition to expand in the sewer line monitoring market.
UDlive Limited Buyout
The company is expanding its leadership position in the sewer line monitoring market through the acquisition of UDlive Limited for $100 million.
Badger Meter announced the acquisition of UDlive, a U.K.-based provider of sewer line monitoring solutions, which is expected to close by the end of April 2026.
This acquisition aims to enhance Badger Meter’s BlueEdge portfolio and expand its presence in international markets.
Earnings Snapshot
The company reported a first-quarter sales decline of 9% to $202.3 million, missing estimates, while diluted EPS fell to 93 cents from $1.30, also below expectations.
The company said the performance was impacted by project timing variability rather than underlying demand, pointing to a strong pipeline of awarded projects expected to ramp in the second half of 2026.
Conference Call Takeaways
In the conference call, the company said it expects the …