Bragar Eagel & Squire, P.C. has filed a class action lawsuit against Badger Meter, Inc. in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Badger Meter common stock between April 18, 2024 and April 16, 2026. The complaint alleges that during the class period, defendants misled investors by attributing strong financial results to favorable industry trends and solid execution, when in fact the results were driven by pulling forward customer orders, which concealed weakening demand. The truth emerged through a series of disappointing quarterly reports, culminating on April 17, 2026, when Badger Meter reported first-quarter 2026 total sales 9% lower than the prior year, utility water sales down 10% year-over-year, operating earnings of $35.2 million with a 17.4% margin compared to $49.4 million and 22.2% a year earlier, and diluted earnings per share of $0.93, down from $1.30. On that news, the stock fell $36.75 per share, or more than 24%, from $152.29 to $115.54. Investors have until August 3, 2026 to apply to the Court to be appointed as lead plaintiff.
Badger Meter IncClass action lawsuit alleges misleading financial results; stock fell 24% on disappointing earnings.