<a href="https://laohu8.com/S/BMI">Badger Meter</a> Inc. third quarter sales rise 13% to $235.7 million
Badger Meter Inc. reported third quarter 2025 total sales of $235.7 million, an increase of 13% compared to $208.4 million in the same period last year. Base sales, which exclude the contribution of SmartCover acquired in January 2025, were $224.5 million, up 8% year-over-year. Operating earnings rose 13% to $46.1 million, with operating profit margins of 19.6% compared to 19.5% in the prior year quarter. Base operating earnings reached $46.6 million, a 15% increase, with Base operating profit margins at 20.7%. Cash provided by operations totaled $51.3 million. The company increased its annual dividend rate by 18% to $1.60 per share. Utility water sales grew 14% year-over-year, or 8% excluding SmartCover. Sales of flow instrumentation products increased 4% over the prior year. Gross margin was 40.7%, up from 40.2% in the same period last year. Total Selling, Engineering and Administration expenses increased by $6.5 million year-over-year to $49.8 million, primarily due to the addition of SmartCover.
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