EarningsBadger Meter reported a strong 2Q24 operating beat with upside on sales and margins.
Financial PerformanceBadger Meter, a U.S. market leader in water metering solutions, has been outperforming the category with growth strategies in hardware, communications and software which are well aligned with category trends.
Revenue GrowthBMI's Software-as-a-Service revenue increased 35.8% y/y in 2Q24 to 6.8% of revenue, and accelerated as BMI continues to focus on connecting water meters and other equipment to technology.