Badger Meter (BMI) Q2 FY26 earnings call

Badger Meter delivered sequential revenue improvement in Q2 FY26, driven by the initial ramp-up of previously awarded AMI projects and a modest increase in short-term orders. While year-over-year sales and operating earnings declined, the company reaffirmed its flattish organic revenue outlook for FY26, anticipating further sequential growth in the second half. Management highlighted ongoing challenges with electronic component costs and availability but expressed confidence in long-term growth drivers and disciplined execution.