By Connor Hart
Shares of Badger Meter fell after the company reported second-quarter earnings that missed expectations.
The stock sank 13%, to $212.69, in morning trading Tuesday. Despite the drop, shares are up 3.3% in the past year.
The manufacturer of flow measurement and control products before the opening bell posted a profit of $34.6 million, compared with $33.1 million a year earlier. Quarterly earnings of $1.17 a share missed the $1.25 a share that analysts surveyed by FactSet expected.
Sales climbed 10% to $238.1 million, just ahead of the $237.4 million that analysts modeled.
The company's top line received a boost from its recent acquisition of SmartCover. Chief Executive Kenneth Bockhorst added that demand has remained steady despite continuously evolving and challenging macroeconomic, trade and policy environments.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 22, 2025 10:44 ET (14:44 GMT)
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