Badger Meter, Inc. (BMI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us and welcome to the BMI Q4 and full year 2025 earnings 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. I will now hand the conference over to Barbara Noverini, head of investor relations. Barbara, please go ahead. Thank you for joining the Badger Meter fourth quarter and full year 2025 earnings conference call. I'm here today with Ken Bockhorst, our chairman, president, and chief executive officer, Bob Rockledge, our new executive vice president of North America Municipal Utility, and Dan Waldstein, our recently appointed chief financial officer. This morning, we made the earnings release 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 will refer to certain non-GAAP financial metrics, including certain base metrics. Use of the term base for these purposes is intended to refer to certain financial metrics excluding the smart cover acquisition. Our earnings presentation provides a reconciliation between the most directly comparable GAAP measure and any non-GAAP or base financial measures discussed. With that, I'll turn the call over to Ken. Thanks, Barb, and thank you all for joining our call. Turning to slide three, we delivered solid financial results in the fourth quarter, capping off another full year of record sales, profitability, and cash flow. We continue to see robust demand for our industry-leading cellular AMI solution, and the recent addition of SmartCover t...