BMI reports $1.02 EPS and $222.3M revenue for Q2, topping estimates, but YoY declines spark sell-off.
Badger Meter (NYSE: BMI) shares plunged 14% to $125.22 after reporting second-quarter earnings that exceeded estimates but revealed underlying weakness. The company posted GAAP EPS of $1.02, beating expectations by $0.01, while revenue reached $222.3M, $1.24M above consensus.
Despite the beats, revenue fell 6.6% year-over-year from $238.1M, and diluted EPS declined. Analysts noted concerns over shrinking margins and softer water sales, which offset the positive earnings surprise.
The stock’s sharp decline reflects investor unease over the company’s growth trajectory amid broader sector challenges.