---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-21-001205"
form_type: "8-K"
ticker: "BMI"
cik: "0000009092"
company_name: "BADGER METER INC"
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:43:45.415601+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Badger Meter Q3 2021: record sales $128.7M (+13.3%), EPS $0.54, dividend raised for 29th year

## Summary
- Record sales of $128.7M (+13.3% YoY); diluted EPS $0.54 vs $0.51 in prior year.
- Utility water sales up 12.2% (core +1.7%); flow instrumentation +18.5%.
- Gross margin 39.8% (+20 bps); operating margin 15.1% (-210 bps) as SG&A rose $6.2M.
- Cash flow from ops $17.7M; record high order backlog entering Q4.
- 29th consecutive annual dividend increase; supply chain disruptions expected to persist into 2022.

## SEC filing metadata
- accession: 0001157523-21-001205
- form_type: 8-K
- ticker: BMI
- cik: 0000009092
- company_name: BADGER METER INC
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9092/000115752321001205/0001157523-21-001205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9092/000115752321001205/a52509536.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-21-001205
- JSON: https://secwatch.observer/filing/0001157523-21-001205.json
- Plain text: https://secwatch.observer/filing/0001157523-21-001205.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.