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Segment Information
 12 Months Ended
Sep. 30, 2025
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.
Our segments are determined by internally reported financial information regularly reported to the company’s chief operating decision maker (“CODM”), who is our Chief Executive Officer. Segment operating income is the primary measure used by the CODM to assess performance and allocate resources. Operating income is also used to monitor budget versus actual results and provide insight into underlying trends comparing past financial performance with current performance of each segment. The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

Segment results are not reflective of their results on a stand-alone basis and exclude intersegment sales. The determination of segment results excludes certain expenses designated as Corporate because they are not directly attributable to segment operations and are not allocated to the segments. 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.
Financial information by reportable segment is included in the following summary:

2025Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$824.9 $604.8 $1,429.7 
Cost of sales528.6 384.4 913.0 
Gross profit296.3 220.4 516.7 
Selling, general and administrative expenses90.3 96.9 
Strategic reorganization and other charges1.0 0.7 
Segment operating income$205.0 $122.8 327.8 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses60.1 
Corporate strategic reorganization and other charges7.1 
Pension benefit other than service(0.2)
Interest expense, net6.6 
Income before income taxes$254.2 
2024Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$755.5 $559.2 $1,314.7 
Cost of sales483.6 372.1 855.7 
Gross profit271.9 187.1 459.0 
Selling, general and administrative expenses92.5 95.0 
Strategic reorganization and other charges0.2 1.8 
Goodwill impairment— 16.3 
Segment operating income$179.2 $74.0 253.2 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses57.7 
Corporate strategic reorganization and other charges13.8 
Pension expense other than service4.0 
Interest expense, net12.7 
Other expense1.6 
Income before income taxes$163.4 

2023Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$634.4 $641.3 $1,275.7 
Cost of sales469.5 426.7 896.2 
Gross profit164.9 214.6 379.5 
Selling, general and administrative expenses85.3 106.9 
Strategic reorganization and other charges— 1.7 
Segment operating income$79.6 $106.0 185.6 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses49.7 
Corporate strategic reorganization and other charges8.5 
Pension expense other than service3.7 
Interest expense, net14.7 
Income before income taxes$109.0 
Business segment assets primarily consist of inventories and intangible assets. Other relevant segment information is presented below:
Water Flow
Solutions		Water Management
Solutions		CorporateTotal
 (in millions)
Depreciation and amortization:
2025$26.6 $20.2 $0.1 $46.9 
202438.3 27.7 0.2 66.2 
2023$32.8 $29.5 $0.2 $62.5 
Capital expenditures:
2025$24.1 $23.2 $— $47.3 
202431.1 16.3 — 47.4 
2023$33.4 $14.2 $— $47.6 
Intangible assets, net and goodwill
September 30, 2025$264.5 $132.0 $— $396.5 
September 30, 2024$264.9 $125.5 $— $390.4 
Inventories, net:
September 30, 2025$197.2 $131.5 $— $328.7 
September 30, 2024$187.3 $114.4 $— $301.7 

Geographical area information is presented below:

United StatesIsraelOtherTotal
 (in millions)
Property, plant and equipment, net:
September 30, 2025$318.9 $12.8 $4.0 $335.7 
September 30, 2024$302.8 $11.9 $4.1 $318.8 
Year ended September 30,
202520242023
(in millions)
Water Flow Solutions disaggregated net revenue:
Central$227.7 $196.8 $176.0 
   Northeast148.9 139.2 130.6 
Southeast189.2 181.6 118.4 
West203.5 185.5 160.9 
   United States769.3 703.1 585.9 
Canada44.0 42.2 36.2 
Other international locations11.6 10.2 12.3 
$824.9 $755.5 $634.4 
Water Management Solutions disaggregated net revenue:
Central$161.4 $149.4 $169.2 
Northeast122.7 120.3 151.2 
Southeast136.0 132.4 137.4 
West124.4 103.6 119.0 
    United States544.5 505.7 576.8 
Canada33.6 33.3 38.3 
   Other international locations26.7 20.2 26.2 
$604.8 $559.2 $641.3 

The Company has two significant customers that comprise greater than 10% of gross sales. One customer comprised 20% of gross sales for each of the fiscal years ended September 30, 2025 and 2024, and 18% of gross sales for fiscal year ended September 30, 2023. The Company had outstanding Accounts receivable from this customer of $56.5 million and $59.1 million as of September 30, 2025 and 2024, respectively. Another customer comprised 17% of gross sales for the fiscal year ended September 30, 2025, and 18% of gross sales for each of the fiscal years ended September 30, 2024, and 2023, respectively. The Company had outstanding Accounts receivable from this customer of $42.4 million and $36.9 million as of September 30, 2025 and 2024, respectively. The Company reports revenue for these customers in both reportable segments, Water Flow Solutions and Water Management Solutions.