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BADGER METER INC

For the period ended Oct 22, 2026. Filed Oct 22, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Oct 22, 2026 · Filed Oct 22, 2026

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BMI$158.18-0.9%Stored close · as of Nov 6, 2026
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EX-99.PRESSRELEASE · APPENDIX

APPENDIX

BADGER METER, INC.
RECONCILIATION OF NON-GAAP PERFORMANCE MEASURES TO GAAP PERFORMANCE MEASURES
(in thousands, except share and earnings per share data)
Three Months Ended September 30,Nine Months Ended September 30,
2026UDliveBase2026UDliveBase
(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)
Net sales$235,938$5,639$230,299$660,536$7,663$652,873
Selling, engineering and administration51,1072,27248,835151,6594,080147,579
Operating earnings (loss)47,742(276)48,018122,290(1,524)123,814
Operating earnings as % of sales20.2%-4.9%20.9%18.5%-19.9%19.0%
* UDlive results are included from the date of acquisition of May 1, 2026.
** UDlive amortization was $1.2 million and $2.0 million for the three months and nine months ended September 30, 2026, respectively and reported as part of Selling, engineering and administration expenses.
*** UDlive results include $0.5 million and $0.7 million for the three and nine months ended September 30, 2026, respectively, of inventory step-up amortization associated with acquisition accounting.
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