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Segment Information

3 Months Ended

Dec. 31, 2024

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’ 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. Summarized financial information for our segments is presented below:

			Three months ended
			December 31,
			2024						2023
			(in millions)
Net revenue, excluding intercompany:
Water Flow Solutions			$	174.6					$	141.3
Water Management Solutions			129.7						115.1
			$	304.3					$	256.4
Operating income (loss):
Water Flow Solutions			$	35.3					$	27.2
Water Management Solutions			27.3						15.1
Corporate			(15.2)						(19.5)
			$	47.4					$	22.8
Depreciation and amortization:
Water Flow Solutions			$	6.1					$	9.3
Water Management Solutions			5.0						7.0
Corporate			—						0.1
			$	11.1					$	16.4
Strategic reorganization and other charges:
Water Flow Solutions			$	—					$	0.2
Water Management Solutions			0.3						—
Corporate			1.4						6.4
			$	1.7					$	6.6
Capital expenditures:
Water Flow Solutions			$	5.7					$	3.9
Water Management Solutions			6.2						1.8
Corporate			—						—
			$	11.9					$	5.7
Water Flow Solutions disaggregated revenue:
Central			$	48.5					$	38.5
Northeast			33.3						28.3
Southeast			38.6						37.1
West			43.9						30.6
United States			164.3						134.5
Canada			8.0						4.8
Other international locations			2.3						2.0
			$	174.6					$	141.3
Water Management Solutions disaggregated revenue:
Central			$	35.1					$	29.2
Northeast			29.2						26.8
Southeast			26.6						28.4
West			28.5						20.0
United States			119.4						104.4
Canada			4.4						5.7
Other international locations			5.9						5.0
			$	129.7					$	115.1

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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