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Segment Information
 12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Information
Our business units and reportable segments are Water Flow Solutions and Water Management Solutions. Water Flow Solutions’ portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions’ portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, as well as pressure management and control products and solutions.
Segment results are not reflective of their results on a stand-alone basis. Intersegment sales and transfers are made at selling prices generally intended to cover costs. The determination of segment results excludes certain expenses designated as Corporate because they are not directly attributable to segment operations. Items such as interest expense, loss on early extinguishment of debt, pension expense or benefit, and income taxes are not allocated to the segments. Corporate expenses include those costs incurred by our corporate function, such as accounting, treasury, risk management, human resources, legal, tax and other administrative functions. Corporate assets principally consist of our cash, operating lease assets, and certain real property previously owned by U.S. Pipe and Anvil. Business segment assets primarily consist of inventories, property, plant and equipment, and intangible assets.
The Company has two significant customers that comprise greater than 10% of gross sales. One customer comprised 20%, 18%, and 21% of consolidated revenues for the fiscal years ended September 30, 2024, 2023, and 2022, respectively. The Company had outstanding Accounts receivable from this customer of $59.1 million and $46.4 million as of September 30, 2024 and 2023, respectively. Another customer comprised 18% of consolidated revenues for the fiscal years ended September 30, 2024 and 2023 and 20% of consolidated revenues for the fiscal year ended September 30, 2022. The Company had outstanding Accounts receivable from this customer of $36.9 million and $37.7 million as of September 30, 2024 and 2023, respectively. The Company reports revenue for these customers in both reportable segments, Water Flow Solutions and Water Management Solutions.

Geographical area information is presented below.

United StatesIsraelOtherTotal
 (in millions)
Property, plant and equipment, net:
September 30, 2024$302.8 $11.9 $4.1 $318.8 
September 30, 2023$295.6 $11.9 $4.2 $311.7 
Year ended September 30,
202420232022
(in millions)
Water Flow Solutions disaggregated net revenue:
Central$196.8 $176.0 $190.9 
   Northeast139.2 130.6 125.3 
Southeast181.6 118.4 154.3 
West185.5 160.9 182.8 
   United States$703.1 $585.9 $653.3 
Canada42.2 36.2 55.0 
Other international locations10.2 12.3 5.8 
$755.5 $634.4 $714.1 
Water Management Solutions disaggregated net revenue:
Central$149.4 $169.2 $142.9 
Northeast120.3 151.2 115.1 
Southeast132.4 137.4 109.4 
West103.6 119.0 102.9 
    United States$505.7 $576.8 $470.3 
Canada33.3 38.3 39.2 
   Other international locations20.2 26.2 23.8 
$559.2 $641.3 $533.3 
Summarized financial information for our segments is presented below.

Water Flow
Solutions		Water Management
Solutions		CorporateTotal
 (in millions)
Net revenue:
2024$755.5 $559.2 $— $1,314.7 
2023634.4 641.3 — 1,275.7 
2022$714.1 $533.3 $— $1,247.4 
Operating income (loss):
2024$179.2 $74.0 $(71.5)$181.7 
202379.6 106.0 (58.2)127.4 
2022$118.3 $48.7 $(55.4)$111.6 
Depreciation and amortization:
2024$38.3 $27.7 $0.2 $66.2 
202332.8 29.5 0.2 62.5 
2022$30.0 $30.3 $0.2 $60.5 
Strategic reorganization and other charges:
2024$0.2 $1.8 $13.8 $15.8 
2023— 1.7 8.5 10.2 
2022$0.2 $0.4 $6.6 $7.2 
Capital expenditures:
2024$31.1 $16.3 $— $47.4 
202333.4 14.2 — 47.6 
2022$43.4 $11.3 $— $54.7 
Intangible assets, net and goodwill
September 30, 2024$264.9 $125.5 $— $390.4 
September 30, 2023$283.8 $143.9 $— $427.7 
Inventories, net:
September 30, 2024$187.3 $114.4 $— $301.7 
September 30, 2023$173.8 $124.1 $— $297.9