XML 55 R41.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Information (Tables)

12 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Financial information by reportable segment is included in the following summary:

2025			Water Flow Solutions						Water Management Solutions						Total
			(in millions)
Net sales			$	824.9					$	604.8					$	1,429.7
Cost of sales			528.6						384.4						913.0
Gross profit			296.3						220.4						516.7
Selling, general and administrative expenses			90.3						96.9
Strategic reorganization and other charges			1.0						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 expenses															60.1
Corporate strategic reorganization and other charges															7.1
Pension benefit other than service															(0.2)
Interest expense, net															6.6
Income before income taxes															$	254.2

2024			Water Flow Solutions						Water Management Solutions						Total
			(in millions)
Net sales			$	755.5					$	559.2					$	1,314.7
Cost of sales			483.6						372.1						855.7
Gross profit			271.9						187.1						459.0
Selling, general and administrative expenses			92.5						95.0
Strategic reorganization and other charges			0.2						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 expenses															57.7
Corporate strategic reorganization and other charges															13.8
Pension expense other than service															4.0
Interest expense, net															12.7
Other expense															1.6
Income before income taxes															$	163.4

2023			Water Flow Solutions						Water Management Solutions						Total
			(in millions)
Net sales			$	634.4					$	641.3					$	1,275.7
Cost of sales			469.5						426.7						896.2
Gross profit			164.9						214.6						379.5
Selling, general and administrative expenses			85.3						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 expenses															49.7
Corporate strategic reorganization and other charges															8.5
Pension expense other than service															3.7
Interest expense, net															14.7
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						Corporate						Total
			(in millions)
Depreciation and amortization:
2025			$	26.6					$	20.2					$	0.1					$	46.9
2024			38.3						27.7						0.2						66.2
2023			$	32.8					$	29.5					$	0.2					$	62.5
Capital expenditures:
2025			$	24.1					$	23.2					$	—					$	47.3
2024			31.1						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

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Geographical area information is presented below:

			United States						Israel						Other						Total
			(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,
			2025						2024						2023
			(in millions)
Water Flow Solutions disaggregated net revenue:
Central			$	227.7					$	196.8					$	176.0
Northeast			148.9						139.2						130.6
Southeast			189.2						181.6						118.4
West			203.5						185.5						160.9
United States			769.3						703.1						585.9
Canada			44.0						42.2						36.2
Other international locations			11.6						10.2						12.3
			$	824.9					$	755.5					$	634.4
Water Management Solutions disaggregated net revenue:
Central			$	161.4					$	149.4					$	169.2
Northeast			122.7						120.3						151.2
Southeast			136.0						132.4						137.4
West			124.4						103.6						119.0
United States			544.5						505.7						576.8
Canada			33.6						33.3						38.3
Other international locations			26.7						20.2						26.2
			$	604.8					$	559.2					$	641.3

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration