Badger Meter, Inc. (BMI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the second quarter 2026 Badger Meter 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 one to raise your hand. To withdraw your question, press star one again. It is now my pleasure to turn the conference call over to Dan Weltzien, Chief Financial Officer and Treasurer. Please go ahead, Mr. Weltzien. Good morning. Thank you for joining the Badger Meter second quarter 2026 earnings conference call. I'm here today with Ken Bockhorst, our Chairman, President, and Chief Executive Officer, and Bob Rocklage, our Executive Vice President of North America Municipal Utilities. This morning we posted the earnings release and related slide presentation on our website. As a quick 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, including base results, which exclude the impact of UDLive acquired May 1st, 2026. Our release and earnings presentation provide 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, Dan, and good morning. As expected, we delivered sequentially improved sales in the second quarter as a number of our previously awarded AMI projects began initial ramping of shipments. We also saw a modest increase in our short-term order rates and with inflow instrumentation. Importantly, we are reaffirming our outlook for improving sequential top-line results for the balance of the year with full-year 2026 organic revenue sti...