Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 145

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 1
Chunk 145
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 also sells its water metering, leak detection, including pipe condition assessment, and pressure management and control products and solutions directly to municipalities and to waterworks distributors.  Approximately 6% of Water Management Solutions’ net sales were to Canadian customers in fiscal years 2025, 2024, and 2023.

Backlog 

We consider backlog to represent orders placed by customers for which goods or services have yet to be shipped.  Backlog is a meaningful indicator for many of our product lines.  The delivery lead time for certain product lines such as specialty valves can be longer than one year, and we expect approximately 22% of Water Flow Solutions’ backlog at the end of 2025 will be shipped after 2026.  Water Management Solutions manufactures or sources water meter systems that are sometimes ordered in large quantities with delivery dates over several years.  We expect approximately 4% of Water Management Solutions’ backlog at the end of 2025 will be shipped after 2026.  Due to increased demand, particularly for specialty valve and hydrant products, we experienced an increase in our overall backlog compared to the prior year.  Backlog for Water Flow Solutions and Water Management Solutions are as follows:

 September 30,20252024(in millions)Water Flow Solutions$208.0 $199.0 Water Management Solutions112.7 103.5 Total backlog$320.7 $302.5 

Sales cycles for metering systems often extend over several years, and customers typically place orders incrementally throughout the contract term.  While we believe we share a mutual understanding with the customer regarding the total contract value at the time of award, orders are reflected in our backlog once a formal order is received, not when the contract is awarded. 

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Table of ContentsIndex to Financial Statements

Competition

The United States and Canadian markets for water infrastructure and flow control products are very competitive.  See “Item 1A. RISK FACTORS - Strong competition could adversely affect prices and demand for our products and services, which would adversely affect our operating results and financial condition.”  There are only a few competitors for most of our product and service offerings.  Many of our competitors are well-established companies with products that have strong brand recognition.  We consider our installed base, product quality, customer service level, brand recognition, innovation, distribution and technical support to be competitive strengths.

The competitive environment for most of Water Flow Solutions’ valve products is mature and many end users are slow to