---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000585"
form_type: "8-K"
ticker: "BMI"
cik: "0000009092"
company_name: "BADGER METER INC"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:11:55.804594+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Badger Meter Q1 record revenue $159.1M; EPS up 35% to $0.66; acquired Syrinix

## Summary
- Total sales $159.1M, up 20% YoY from $132.4M; diluted EPS $0.66 vs $0.49 prior year.
- Operating profit margin expanded 150 bps to 15.7%; gross margin improved 120 bps to 39.5%.
- Completed acquisition of Syrinix for $18M in January 2023, adding pressure monitoring/leak detection capabilities.
- Utility water sales +20% YoY; flow instrumentation sales +22%; record backlog despite record sales.
- Healthy demand and supply chain relief support continued strong performance; Barron's 100 Most Sustainable Companies list.

## SEC filing metadata
- accession: 0001157523-23-000585
- form_type: 8-K
- ticker: BMI
- cik: 0000009092
- company_name: BADGER METER INC
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9092/000115752323000585/0001157523-23-000585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9092/000115752323000585/a53384119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000585
- JSON: https://secwatch.observer/filing/0001157523-23-000585.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000585.txt

## Key facts
- Earnings Releases
  BADGER METER INC reported first quarter ended March 31, 2023 results: revenue $159.1 million, EPS $0.66.
  - Period: first quarter ended March 31, 2023
  - Revenue: $159.1 million
  - EPS: $0.66
  - Result: reported results
  source text: WIRE)--April 20, 2023--Badger Meter, Inc. (NYSE: BMI) today reported record results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Total sales of $159.1 million, 20% higher than the prior year’s $132.4 million. Operating profit increased 33% year-over-year, with operating profit margins expanding 150 basis points to 15.7% from 14.2%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/9092/000115752323000585/0001157523-23-000585-index.htm

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