Badger Meter, Inc. (BMI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Q1 2026 Badger Meeting Earnings Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. As a reminder, today's conference is being recorded. It is now my pleasure to turn the conference over to Barbara Noverini, Head of Investor Relations. Please go ahead, Ms. Noverini. Thank you, operator. Thank you for joining the Badger Meter first quarter 2026 earnings conference call. I'm here today with Ken Bockhorst, our chairman, president, and chief executive officer, Bob Rockledge, our executive vice president of North America Municipal Utility, and Dan Welstein, our chief financial officer. This morning, we made the earnings release, acquisition announcement, and related slide presentation available on our website, at investors.badgermeter.com. As a reminder, any forward-looking statements made on this call are subject to various risks and uncertainties, the most important of which are outlined in our news release and SEC filings. On today's call, we may refer to certain non-GAAP financial metrics. Our earnings presentation provides a reconciliation between the most directly comparable GAAP measure and any non-GAAP financial measures discussed. With that, I'll turn the call over to Ken. Thanks, Barb, and good morning. Before getting into the specifics of the quarter, I'd like to start this morning by setting the stage for a more detailed discussion on our Q1 results and how we're thinking about our metering business more broadly. We operate in a market supported by strong, long-term macro drivers, recurring replacement cycles, and increasing adoption of advanced technologies ran...