---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001505"
form_type: "8-K"
ticker: "BMI"
cik: "0000009092"
company_name: "BADGER METER INC"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:29:19.579883+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Badger Meter Q3 sales up 26% to $186.2M; EPS $0.88 (+44%); dividend raised 20%

## Summary
- Total sales $186.2M (+26% YoY); diluted EPS $0.88 (+44%); operating margin 16.9% (+80bps).
- Net cash from operations $31M, up 32%; dividend raised 20% for 31st consecutive annual increase.
- Utility water sales up 31% driven by cellular AMI, BEACON SaaS, and E-Series ultrasonic meters.
- Flow instrumentation sales up 2% YoY; gross margin 39.1%, up 20bps; SEA expense % improved 50bps.
- Guidance: healthy market conditions, strong order momentum; Q4 fewer operating days due to holidays.

## SEC filing metadata
- accession: 0001157523-23-001505
- form_type: 8-K
- ticker: BMI
- cik: 0000009092
- company_name: BADGER METER INC
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9092/000115752323001505/0001157523-23-001505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9092/000115752323001505/a53632747.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001505
- JSON: https://secwatch.observer/filing/0001157523-23-001505.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001505.txt

## Key facts
- Earnings Releases
  BADGER METER INC reported the third quarter ended September 30, 2023 results: revenue $186.2 million, EPS $0.88.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $186.2 million
  - EPS: $0.88
  - Result: reported results
  source text: Badger Meter, Inc. (NYSE: BMI) today reported record results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Total sales of $186.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/9092/000115752323001505/0001157523-23-001505-index.htm

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