Badger Meter Half-Year Report 2023

  • Record financial results for the second quarter of 2023
  • Robust order pace for smart water solutions continued with book to bill > 1
  • All-time sales record of $175.9 million in Q2, up 28% year-over-year.
    • Utility water sales increased 32% with robust AMI adoption, improving supply chain dynamics and pricing
    • Flow instrumentation sales up 6%; strong water-related demand with modest industrial market activity
  • Operating margin improvement reflective of higher volumes, favorable mix, and SEA leverage
  • Published 2022 Sustainability Report with strong progress on continuous improvement activities across ESG-related matters

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