Badger Meter faces securities fraud probe after missing earnings and revenue estimates, stock drops 24%.

Pomerantz LLP is investigating Badger Meter following its Q1 2026 financial report, which showed earnings per share of $0.93 and revenue of $202.03 million, both below analyst expectations. The company also reported a 10% decline in utility water sales year-over-year. After the disappointing results, Badger Meter's stock price fell sharply by 24.13% on April 17, 2026. The investigation will determine if the company and its executives engaged in securities fraud or other unlawful practices, potentially leading to a class action lawsuit.