Segment Information

9 Months Ended

Jun. 30, 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, and pressure management and control products and solutions. Summarized financial information for our segments is presented below:

	Three months ended				Nine months ended
	June 30,				June 30,
	2024		2023		2024		2023
	(in millions)
Net revenue, excluding intercompany:
Water Flow Solutions	$	208.1	$	150.1	$	555.2	$	472.9
Water Management Solutions	148.6		176.5		411.3		501.4
	$	356.7	$	326.6	$	966.5	$	974.3
Operating income (loss):
Water Flow Solutions	$	57.8	$	12.6	$	137.6	$	52.0
Water Management Solutions	25.5		39.0		69.6		90.3
Corporate	(16.3)		(16.0)		(53.9)		(39.8)
	$	67.0	$	35.6	$	153.3	$	102.5
Depreciation and amortization:
Water Flow Solutions	$	9.1	$	8.2	$	28.2	$	23.7
Water Management Solutions	7.1		7.6		20.8		22.3
Corporate	0.1		—		0.2		0.1
	$	16.3	$	15.8	$	49.2	$	46.1
Strategic reorganization and other charges (benefits):
Water Flow Solutions	$	—	$	0.1	$	0.2	$	0.1
Water Management Solutions	1.4		1.0		1.4		1.2
Corporate	1.5		2.8		11.1		(0.4)
	$	2.9	$	3.9	$	12.7	$	0.9
Capital expenditures:
Water Flow Solutions	$	6.2	$	7.5	$	16.1	$	23.1
Water Management Solutions	6.0		4.4		11.9		9.3
Corporate	—		—		—		—
	$	12.2	$	11.9	$	28.0	$	32.4
Water Flow Solutions disaggregated revenue:
Central	$	55.2	$	43.0	$	148.7	$	131.0
Northeast	34.4		31.7		100.1		93.4
Southeast	45.2		24.8		135.5		86.8
West	54.9		37.8		133.8		123.4
United States	189.7		137.3		518.1		434.6
Canada	16.1		9.8		30.2		29.2
Other international locations	2.3		3.0		6.9		9.1
	$	208.1	$	150.1	$	555.2	$	472.9
Water Management Solutions disaggregated revenue:
Central	$	39.4	$	47.4	$	110.0	$	133.2
Northeast	31.3		44.3		90.8		116.1
Southeast	34.7		37.1		100.2		109.8
West	28.5		31.2		72.3		93.0
United States	133.9		160.0		373.3		452.1
Canada	10.8		10.0		23.9		29.9
Other international locations	3.9		6.5		14.1		19.4
	$	148.6	$	176.5	$	411.3	$	501.4