Stock of Badger Meter, Inc. (BMI) is falling about 18 percent during Friday morning trading after it reported a decline in first-quarter earnings to $27.33 million, or $0.93 per share, from last year's $38.40 million, or $1.30 per share.
The company's stock is currently trading at $124.53, down 18.32 percent or $27.93, over the previous close of $152.29 on the New York Stock Exchange. It has traded between $120.40 and $256.08 in the past one year.
The company's revenue for the period fell to $202.28 million from $222.21 million in the prior year. Additionally, the company has planned to acquire UDlive Limited, a UK-based provider of hardware-enabled software solutions for sewer line monitoring, for $100 million, plus contingent consideration.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.