Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 479

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 479
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 26.2 $604.8 $559.2 $641.3 The Company has two significant customers that comprise greater than 10% of gross sales.  One customer comprised 20%  of gross sales for each of the fiscal years ended September 30, 2025 and 2024, and 18% of gross sales for fiscal year ended September 30, 2023.  The Company had outstanding Accounts receivable from this customer of $56.5 million and $59.1 million as of September 30, 2025 and 2024, respectively.  Another customer comprised 17% of gross sales for the fiscal year ended September 30, 2025, and 18% of gross sales for each of the fiscal years ended September 30, 2024, and 2023, respectively.  The Company had outstanding Accounts receivable from this customer of $42.4 million and $36.9 million as of September 30, 2025 and 2024, respectively.  The Company reports revenue for these customers in both reportable segments, Water Flow Solutions and Water Management Solutions.

Note 15.    Commitments and Contingencies 

We use letters of credit and surety bonds in the ordinary course of business to ensure the performance of contractual obligations.  As of September 30, 2025, we had $11.1 million of letters of credit and $13.5 million of surety bonds outstanding.We are involved in various legal proceedings that have arisen in the normal course of operations, including the proceedings summarized below.  We provide for costs relating to these matters when a loss is probable and the amount is reasonably estimable.  Legal and administrative costs related to these matters are expensed as incurred.  The effect of the outcome of these matters on our financial statements cannot be predicted with certainty as any such effect depends on the amount and timing of the resolution of such matters.  Other than the litigation described below, we do not believe that any of our outstanding litigation would have a materially adverse effect on our financial position, results of operations, cash flows or liquidity. Environmental.  We are subject to a wide variety of laws and regulations concerning the protection of the environment, both with respect to the operations at many of our properties and with respect to remediating environmental conditions that may exist at our own or other properties.  We accrue for environmental expenses resulting from existing conditions that relate to past operations when the costs are probable