Badger Meter: Expanding Product Portfolio & Innovation To Set New Standards!

Badger Meter has reported a robust third quarter 2024, showcasing strong financial performance amidst challenging market conditions. The company achieved a 12% year-over-year increase in top-line sales, building on a significant 26% growth in the same quarter of the previous year. This growth was driven largely by the utility water product line, which saw a 14% rise, reflecting solid demand for Badger Meter’s BlueEdge suite of utility smart water solutions. The company’s focus on Software as a Service (SaaS) has also paid dividends, with SaaS revenue growing by approximately 35%, highlighting the increasing market reliance on BEACON, its digital analytics solution.