Philadelphia, Pennsylvania--(Newsfile Corp. - June 17, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Badger Meter, Inc. (NYSE: BMI) ("Badger Meter" or the "Company") on behalf of investors who purchased or acquired Badger Meter common stock during the period from April 18, 2024 through April 16, 2026 (the "Class Period").

Investor Deadline: Investors who purchased or acquired Badger Meter common stock during the Class Period may, no later than August 3, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

The Company, headquartered in Milwaukee, Wisconsin, develops and sells water measurement and management solutions for utilities, municipalities, and industrial users worldwide.

The complaint alleges that during the Class Period, Defendants painted an overly optimistic picture of Badger Meter's business, attributing record results to durable secular growth drivers and strong execution while concealing that the Company had been pulling forward customer orders to accelerate revenue recognition. That practice masked weakening underlying demand and borrowed from revenue otherwise available in future quarters, setting the stage for a series of disappointing results.

According to the suit, the true state of the business began to emerge in July 2025. Second-quarter results missed analyst estimates, revenue growth decelerated, and margins deteriorated. Management guided a sequential sales decline in the third quarter of 2025 while characterizing the shortfall as routine and reaffirming the strength of the demand pipeline. The stock fell $40.42 per share - 16.5% - to close at $204.80 per share on July 22, 2025.

Fourth-quarter 2025 results, reported January 28, 2026, continued the pattern, as the complaint alleges: revenues missed expectations and utility water sales declined 6% sequentially. Management again pointed to project pacing. Shares dropped $18.09 per share, or approximately 11%, to $146.32 per share.

The full scope of the damage allegedly became apparent on April 17, 2026, when, in connection with first-quarter 2026 results, management acknowledged for the first time that softer short-cycle municipal demand had contributed to the results - and conceded that this demand variability had been present throughout the Class Period. Shares fell $36.75, or more than 24%, closing at $115.54 per share on April 17, 2026.

If you are a Badger Meter investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267) 764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301833

Source: Berger Montague