Badger Meter (BMI) risk factors, FY2024 10-K

Badger Meter's FY2024 10-K, filed Feb 14, 2025, lists 20 risk factors. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
201 groups
Section length
4k wordsItem 1A

Badger Meter's biggest risks in the FY2024 10-K

  • Badger Meter's risks center on manufacturing precision water management hardware and software, raw material costs, and municipal utility customer exposure.

The risks most specific to Badger Meter

  • Failure to manufacture quality products could have a material adverse effect on our business

    Product quality failures could harm our business because our extended-warranty products are used for precise fluid control.

  • If our software products do not operate as intended, our business could be materially and adversely affected

    Unexpected software defects or cloud-based solution complications could materially and adversely affect our business.

  • Our role as a prime contractor brings certain risks that could have a material adverse effect on our business

    Acting as a prime contractor exposes us to subcontractor management issues, project timeline risks, and expanded warranties.

  • The inability to obtain adequate supplies of raw materials and component parts at reasonable prices could decrease our profit margins and negatively impact timely delivery to customers and could have a material adverse effect on our business, results of operations and financial condition

    Price volatility or shortages in raw materials like brass, copper, plastic resins, and microprocessors could reduce profit margins.

  • Economic conditions could cause a material adverse impact on our sales and results of operations

    Adverse economic conditions, rising interest rates, and municipal budget cuts could impact sales to our primary water utility customers.

  • Risks related to foreign markets could decrease our profitability

    Changes in environmental or regulatory requirements, including climate change legislation, could entail additional expenses that could decrease our profitability

    Environmental regulations regarding lead content, electronic recycling, radio frequencies, and cybersecurity could increase our compliance expenses.

  • Risks related to foreign markets could decrease our profitability

    Disruptions and other damages to our information technology and other networks and operations, and breaches in data security or cybersecurity attacks could have a negative financial impact and damage our reputation

    IT network disruptions, system failures, and cybersecurity attacks on our cloud-based software could negatively impact our operations.

  • Risks related to foreign markets could decrease our profitability

    Failure to successfully identify, complete and integrate acquired businesses or products could adversely affect our operations

    Our inability to successfully identify, complete, and integrate business or product acquisitions could adversely affect our operations.

All 20 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01The inability to develop technologically advanced products and solutions could harm our future success
  2. 02Failure to manufacture quality products could have a material adverse effect on our business
  3. 03If our software products do not operate as intended, our business could be materially and adversely affected
  4. 04Our role as a prime contractor brings certain risks that could have a material adverse effect on our business
  5. 05If we are not able to protect our proprietary rights to our software and related products, our ability to market our software products could be hindered and our results of operations, financial position and cash flows could be materially and adversely affected
  6. 06The inability to obtain adequate supplies of raw materials and component parts at reasonable prices could decrease our profit margins and negatively impact timely delivery to customers and could have a material adverse effect on our business, results of operations and financial condition
  7. 07Global public health pandemics could have a material adverse effect on our business, results of operations and financial condition
  8. 08Economic conditions could cause a material adverse impact on our sales and results of operations
  9. 09The imposition of significant tariffs or other trade barriers by the United States, or other foreign nations, may harm our sales, costs and results of operations
  10. 10Geopolitical crisis, including terrorism or pandemics, could adversely affect our business

Risks related to foreign markets could decrease our profitability

  1. 11An inability to attract and retain skilled employees could negatively impact our growth and decrease our profitability
  2. 12Competitive pressures in the marketplace could decrease our revenues and profits
  3. 13Violations or alleged violations of laws that impose requirements for the conduct of the Company’s overseas operations, including the U.S. Foreign Corrupt Practices Act (FCPA) or other anti-corruption laws, trade sanctions and sanctioned parties restrictions could adversely affect our business
  4. 14Changes in environmental or regulatory requirements, including climate change legislation, could entail additional expenses that could decrease our profitability
  5. 15Economic impacts due to leadership or policy changes in the countries where we do business could negatively affect our profitability
  6. 16Climate change, extreme weather and other natural phenomena could adversely affect our business
  7. 17Failure to meet sustainability expectations or standards, or to achieve our sustainability goals, could adversely affect our business, results of operations and overall financial performance
  8. 18Litigation against us could be costly, time-consuming to defend and could adversely affect our profitability
  9. 19Disruptions and other damages to our information technology and other networks and operations, and breaches in data security or cybersecurity attacks could have a negative financial impact and damage our reputation
  10. 20Failure to successfully identify, complete and integrate acquired businesses or products could adversely affect our operations

Other Badger Meter 10-Ks

  • FY2025 10-K risk factors
    20 risks1 reworded

    Risk section remains largely unchanged with only one policy-related update regarding the USMCA trade agreement.

    Filed Feb 17, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.