XML 29 R19.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information
 3 Months Ended
Dec. 31, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Information
We have two reportable segments, Water Flow Solutions and Water Management Solutions. Water Flow Solutions’ product portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions’ product and service portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, pressure control and software products. Summarized financial information for our segments is presented below.

Three months ended
December 31,
20222021
 (in millions)
Net sales, excluding intercompany:
Water Flow Solutions$165.6 $154.9 
Water Management Solutions149.2 117.4 
$314.8 $272.3 
Operating income (loss):
Water Flow Solutions$24.2 $31.3 
Water Management Solutions19.6 11.4 
Corporate(9.8)(13.8)
$34.0 $28.9 
Depreciation and amortization:
Water Flow Solutions$7.7 $7.4 
Water Management Solutions7.0 7.7 
Corporate0.1 0.1 
$14.8 $15.2 
Strategic reorganization and other (benefits) charges:
Water Flow Solutions$— $— 
Water Management Solutions— 0.1 
Corporate(3.7)2.3 
$(3.7)$2.4 
Capital expenditures:
Water Flow Solutions$7.8 $9.4 
Water Management Solutions2.1 1.6 
Corporate— — 
$9.9 $11.0 
Water Flow Solutions disaggregated net revenue:
Central$44.0 $40.5 
Northeast31.3 30.0 
Southeast33.4 37.3 
West49.2 38.1 
United States157.9 145.9 
Canada4.4 7.9 
Other international locations3.3 1.1 
$165.6 $154.9 
Water Management Solutions disaggregated net revenue:
Central$41.5 $28.8 
Northeast31.2 24.3 
Southeast33.3 25.5 
West29.1 24.7 
United States135.1 103.3 
Canada7.3 7.6 
Other international locations6.8 6.5 
$149.2 $117.4