Badger Meter (NYSE: BMI) stock jumped 10.7% on Thursday, following the water technology specialist's release of better-than-expected results for the first quarter of 2023. CEO Kenneth Bockhorst opined in the earnings release that this acquisition extends the company's "differentiated smart water offerings with pressure monitoring and leak detection capabilities." It said that "demand trends in our markets remain healthy" and "supply chain relief and steadying inflationary headwinds, along with solid operational execution, lay the foundation for margin resilience for the balance of 2023."