BMI

Badger Meter, Inc. is a leading global manufacturer and marketer of products incorporating flow measurement, quality, control, and communication solutions serving water utilities, municipalities, and commercial and industrial customers worldwide. Headquartered in Milwaukee, Wisconsin, Badger Meter has over a century of history and has evolved from mechanical water meters into a comprehensive smart water technology provider. The company's products enable customers to measure and manage water and other fluids with accuracy and efficiency, supporting conservation, leak detection, infrastructure management, and operational optimization. Badger Meter's product portfolio includes mechanical and ultrasonic water meters for residential, commercial, and industrial applications; advanced metering infrastructure (AMI) and automated meter reading (AMR) systems providing remote meter data collection and analytics; smart water solutions including cellular-based communication modules, data management software, and analytics platforms enabling utilities to optimize operations and engage consumers; and flow instrumentation products for industrial process control. The company has been at the forefront of smart water technology adoption, providing utilities with systems that replace manual meter reading with automated data collection, leak detection, consumption analytics, and customer engagement tools. The company serves water utilities seeking to modernize infrastructure and improve operational efficiency, municipalities managing water resources, and commercial and industrial customers requiring precise flow measurement for process control, billing, or regulatory compliance. Badger Meter generates revenue through product sales, software and data services, and ongoing support and maintenance. The company benefits from secular trends including aging water infrastructure requiring replacement, growing emphasis on water conservation and loss prevention, regulatory requirements for accurate measurement, and digital transformation in utilities. Badger Meter competes with Itron, Sensus (Xylem), Neptune Technology Group (Roper), and other meter and AMI providers. Differentiation comes from product innovation, comprehensive solutions spanning meters to software, strong utility relationships, and cellular-based communication technology enabling cost-effective deployment. The company continues investing in R&D, expanding internationally, and growing software and services revenue alongside traditional meter sales.