Badger Meter Inc 2026年季度报告

For the quarterly period ended March 31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File No. 001-06706 BADGER METER, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule 12b‑2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non‑accelerated filer☐ Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo☒ As of April 8, 2026 there were 29,185,570 shares of Common stock outstanding with a par value of $1 per share. BADGER METER, INC. Quarterly Report on Form 10-Q for the Period Ended March 31, 2026 Index Part I. Financial Information: Item 1Financial Statements (unaudited):4Consolidated Condensed Balance Sheets - March 31, 2026 and December 31, 20254Consolidated Condensed Statements of Operations - Three Months Ended March 31, 2026 and 20255Consolidated Condensed Statements of Comprehensive Income - Three Months Ended March 31,2026 and 20256Consolidated Condensed Statements of Cash Flows - Three Months Ended March 31, 2026 and 20257Consolidated Condensed Statements of Shareholders’ Equity – Three Months Ended March 31, 2026and 20258Notes to Unaudited Consolidated Condensed Financial Statements9Item 2Management's Discussion and Analysis of Financial Condition and Results of Operations14Item 3Quantitative and Qualitative Disclosures about Market Risk19Item 4Controls and Procedures19Part II. Other Information:Item 1ARisk Factors20Item 2Unregistered Sales of Equity Securities and Use of Proceeds20Item 5Other Information20Item 6Exhibits20Signatures21 Special Note Regarding Forward Looking Statements Certain statements contained in this Quarterly Report on Form 10-Q, as well as other information provided from time totime by Badger Meter, Inc. (the “Company” or "Badger Meter") or its employees, may contain forward-looking statements thatinvolve risks and uncertainties that could cause actual results to differ materially from those statements. The words “anticipate,”“believe,” “estimate,” “expect,” “think,” “should,” “could” and “objective” or similar expressions are intended to identify forwardlooking statements. All such forward looking statements are based on the Company's then current views and assumptions andinvolve risks and uncertainties. SeeItem 1A "Risk Factors" of the Company's Annual Report on Form 10-K for the year endedDecember 31, 2025for further information regarding risks and uncertainties that could cause actual results to differ materially fromthose expressed or implied in forward looking statements. The Company disclaims any obligation to publicly update or revise anyforward-looking statements as a result of new information, future events or any other reason. BADGER METER, INC. BADGER METER, INC. Consolidated Condensed Statements of Operations BADGER METER, INC. See accompanying notes to unaudited consolidated condensed financial statements. BADGER METER, INC. Consolidated Condensed Statements of Cash Flows BADGER METER, INC. * Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value. See accompanying notes to unaudited consolidated condensed financial statements. BADGER METER, INC. Notes to Unaudited Consolidated Condensed Financial Statements Note 1Basis of Presentation In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Metercontain all adjustments (consisting only of normal recurring accruals, except as otherwise discussed) necessary to present fairly t