Badger Meter, Inc. (NYSE:BMI) will look for M&A. Kenneth Bockhorst Chairman, President and Chief Executive Officer said during the Third Quarter 2023 Earnings Conference Call, "The total available market globally is valued at approximately $20 billion, giving Badger Meter ample opportunity to continue to grow and expand these offerings in the U.S. and other select regional markets. It also gives us ample opportunity to add to our portfolio of solutions and other sensors and hardware-enabled software via organic and disciplined M&A investments. We've demonstrated our ability to capitalize on these growth opportunities and we remain well positioned to further build on our track record of value creation".

"I mean we continue to follow our capital allocation priorities of number one, R&D investment and priding ourselves and keeping our innovation leader status, increasing dividends annually in line with earnings and disciplined M&A. So that hasn't changed". "So good funnel. We remain disciplined.

We think we have a really good idea of where value does get driven within our industry, and that's where we'll continue to look for value creation opportunities in M&A".