The Portnoy Law Firm has announced a class action lawsuit on behalf of Badger Meter investors who purchased securities between April 18, 2024 and April 16, 2026. The lawsuit follows a more than 24% drop in Badger Meter shares on April 17, 2026, after the company reported first quarter 2026 sales of $202.3 million, a 9% decline from the prior year, and noted a 10% year-over-year drop in utility water sales. The complaint alleges that during the class period, defendants misrepresented the drivers of Badger Meter's record financial results and demand for its products, claiming strong industry trends and a robust order pipeline, while in reality the company was pulling forward customer orders to recognize revenue early, concealing weakening demand and depleting future revenue. Investors have until August 3, 2026 to file a lead plaintiff motion.
Badger Meter IncClass action lawsuit alleging misrepresentations about revenue recognition and demand, following a 24% stock drop on weak Q1 2026 sales.