Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 387

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 387
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 $2.8 million.  For the year ended September 30, 2024, foreign currency translation included in the consolidated statements of comprehensive income was $9.1 million, net of no income tax.

F- 34

Table of ContentsIndex to Financial Statements

Note 14.    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 taxesCorporate general and administrative expenses60.1