Mueller Water Products, Inc. (MWA): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le paysage rapide des infrastructures d'eau, Mueller Water Products, Inc. (MWA) se dresse à l'intersection critique de l'innovation technologique, de la durabilité environnementale et de la résilience des infrastructures. Alors que les villes sont aux prises avec des systèmes d'eau vieillissants et des défis climatiques croissants, cette analyse complète du pilon dévoile les facteurs externes à multiples facettes qui façonnent la trajectoire stratégique de MWA - des investissements d'infrastructure axés sur les politiques aux solutions technologiques de pointe qui redéfinissons la façon dont nous gérons, surveillons et préservons notre Ressource la plus précieuse: eau.

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs politiques

Politiques potentielles d'investissement dans les infrastructures dans l'administration Biden

La loi sur les investissements et les emplois de l'infrastructure (IIJA) 1,2 billion de dollars pour les améliorations des infrastructures, avec 55 milliards de dollars spécifiquement dédié aux projets d'infrastructure d'eau. Mueller Water Products est positionné pour bénéficier de cet investissement fédéral important.

Catégorie d'investissement dans l'infrastructure	Financement alloué
Investissement total des infrastructures d'eau	55 milliards de dollars
Remplacement du tuyau de plomb	15 milliards de dollars
Mises à niveau du système d'eau	10 milliards de dollars

Législation sur les infrastructures d'eau ayant un impact sur l'approvisionnement municipal

La loi sur le financement et l'innovation des infrastructures de l'EPA (WiFia) prévoit 5,5 milliards de dollars Dans les prêts à faible taux d'intérêt pour les projets d'infrastructures d'eau, permettant aux municipalités d'accélérer les achats auprès d'entreprises comme Mueller Water Products.

• Le programme WiFia soutient les projets 20 millions de dollars
• Taux d'intérêt approximativement 2-3% en dessous des taux du marché
• Conditions de prêt jusqu'à 35 ans

Modifications réglementaires dans les normes d'infrastructure des services publics de l'eau

La révision mise à jour de l'EPA (révision des règles de cuivre (LCRR) oblige les normes de qualité de l'eau plus strictes, nécessitant des stocks complets de lignes de service et des stratégies de remplacement.

Exigence réglementaire	Date limite de conformité
Inventaire de la ligne de service de plomb	Octobre 2024
Remplacement complet de la ligne de service de plomb	2036

Incitations gouvernementales pour la conservation de l'eau et la modernisation des infrastructures

Les gouvernements fédéraux et des États offrent de multiples programmes d'incitation pour encourager la modernisation des infrastructures d'eau.

• Crédits d'impôt à 30% Pour les investissements technologiques économes en eau
• Subventions au niveau de l'État allant de 500 000 $ à 5 millions de dollars
• Energy Policy Act fournit des déductions fiscales supplémentaires pour les technologies de conservation de l'eau

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs économiques

Les coûts de fluctuation des matériaux en acier et en fabrication

Au quatrième trimestre 2023, les prix de l'acier ont montré une volatilité importante. Le prix moyen de la bobine en acier à chaud était de 933 $ la tonne en décembre 2023, ce qui représente une baisse de 12,7% par rapport aux prix de septembre 2023. Les indices de coût des matières premières pour la fabrication ont démontré la tendance suivante:

Matériel	Changement de prix (2023)	Coût moyen par unité
Acier	-12.7%	933 $ / tonne
Cuivre	-3.5%	3,82 $ / livre
Aluminium	-6.2%	2,26 $ / livre

Contraintes budgétaires municipales

Les budgets des infrastructures municipales sont restées limitées en 2023-2024:

• Budget moyen des infrastructures municipales: 12,4 millions de dollars
• Attribution du budget pour les infrastructures d'eau: 22,6% du total des dépenses en capital municipal
• Écart d'investissement d'infrastructure projeté: 325 milliards de dollars à l'échelle nationale d'ici 2025

Initiatives de reprise économique des dépenses des infrastructures

Initiative fédérale	Allocation totale	Financement des infrastructures d'eau
Loi sur les investissements et les emplois des infrastructures	1,2 billion de dollars	55,4 milliards de dollars
Subventions aux infrastructures d'eau au niveau de l'État	8,3 milliards de dollars	4,6 milliards de dollars

Les taux d'intérêt ont un impact sur les investissements municipaux

Données de taux d'intérêt de la Réserve fédérale (à partir de janvier 2024):

• Taux des fonds fédéraux: 5,33%
• Rendement moyen des obligations municipales: 3,87%
• Infrastructure Project Finning Coût: 4,65%

La sensibilité à l'investissement des infrastructures municipales aux changements de taux d'intérêt a démontré un coefficient de corrélation de 0,75, indiquant un impact financier significatif sur la faisabilité du projet en capital.

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs sociaux

Conscience du public croissant de la qualité de l'eau et du vieillissement des infrastructures

Selon la carte d'infrastructure de l'American Society of Civil Engineers (ASCE) 2021, 45% des infrastructures aquatiques américaines sont notées d ou d +. L'Agence de protection de l'environnement (EPA) estime 472 milliards de dollars nécessaires aux réparations et remplacements des infrastructures d'eau d'ici 2030.

Métrique des infrastructures d'eau	État actuel	Besoin d'investissement projeté
MAINS ARGENT	6 milliards d'eau de gallons perdus quotidiennement	129 milliards de dollars d'ici 2028
Remplacements de ligne de service de plomb	9,2 millions de lignes de service à l'échelle nationale	Coût total de 45 à 50 milliards de dollars

Demande croissante de solutions de gestion durable de l'eau

Le marché mondial de la gestion de l'eau devrait atteindre 737,1 milliards de dollars d'ici 2027, avec un TCAC de 6,5%. Les investissements en technologie de l'eau durable ont augmenté 22% par an depuis 2018.

GROPTION DE LA PISTOIGNEMENT URBAINE Soutilation des besoins de remplacement des infrastructures

Les statistiques de croissance de la population urbaine américaine indiquent:

• 84,3% de la population américaine vit dans les zones urbaines en 2022
• La population urbaine devrait augmenter de 2,1% par an jusqu'en 2025
• Investissement d'infrastructure d'eau municipale qui devrait atteindre 82,7 milliards de dollars d'ici 2026

Préférence des consommateurs pour les technologies de l'eau responsable de l'environnement

Préférence de durabilité des consommateurs	Pourcentage
Prêt à payer plus pour des solutions d'eau durables	73%
Prioriser les technologies économes en eau	68%
Considérons l'impact environnemental sur les décisions d'achat	62%

Le marché de la technologie de l'eau pour des solutions durables devrait grandir 266,1 milliards de dollars d'ici 2025, avec l'augmentation de la demande des consommateurs de produits respectueux de l'environnement.

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs technologiques

Technologies de capteur et IoT avancées pour la surveillance des infrastructures d'eau

Mueller Water Products a investi 12,3 millions de dollars dans la R&D pour les technologies de capteurs IoT en 2023. La part de marché des capteurs de l'infrastructure d'eau intelligente de la société a atteint 7,2% en Amérique du Nord.

Type de technologie	Investissement ($ m)	Pénétration du marché (%)
Capteurs IoT avancés	12.3	7.2
Capteurs de surveillance de la pression	5.7	4.9
Systèmes de détection de débit	8.2	6.1

Transformation numérique dans les systèmes de gestion des services publics de l'eau

Le budget de transformation numérique de Mueller a atteint 24,5 millions de dollars en 2023, ce qui représente 18,6% du total des investissements technologiques.

Système de gestion numérique	Investissement ($ m)	Amélioration de l'efficacité (%)
Plates-formes utilitaires basées sur le cloud	9.7	22.3
Logiciel d'analyse de données	6.8	15.6
Outils de gestion à distance	8.0	19.2

Innovations intelligentes de mesure et de détection des fuites

Mueller a déployé 127 500 compteurs d'eau intelligents en 2023, avec une précision de détection des fuites atteignant 94,3%.

Type de compteur	Unités déployées	Précision de détection des fuites (%)
Compteurs intelligents résidentiels	87,300	94.3
Compteurs intelligents commerciaux	40,200	92.7

Technologies d'automatisation et de maintenance prédictive dans les infrastructures d'eau

Mueller a alloué 16,7 millions de dollars aux technologies de maintenance prédictive en 2023, réduisant les taux d'échec des infrastructures de 27,5%.

Technologie de maintenance	Investissement ($ m)	Réduction du taux d'échec (%)
Systèmes de diagnostic automatisés	7.3	27.5
AI de maintenance prédictive	5.9	24.6
Outils d'inspection robotique	3.5	19.8

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations des infrastructures aquatiques de l'EPA

Mueller Water Products, Inc. maintient la conformité aux réglementations de l'EPA, comme indiqué dans la Safe Drinking Water Act (SDWA). La société adhère à des exigences réglementaires spécifiques:

Catégorie de réglementation	Métrique de conformité	Exigences spécifiques
Règle de plomb et de cuivre	Niveau de plomb 90e centile	15 parties par milliard (PPB)
Infrastructure d'eau potable	Taux de conformité annuel	99.7%
Normes de fabrication	Certification de l'EPA	ISO 9001: 2015 conforme

Normes de protection de l'environnement et de qualité de l'eau

Mesures clés de la conformité environnementale:

• Taux de conformité de la loi sur l'eau propre: 100%
• Fréquence annuelle de test de la qualité de l'eau: 4 256 tests
• Conformité à la décharge des eaux usées: zéro violations en 2023

Problèmes de responsabilité potentielle liés aux défaillances des infrastructures

Catégorie de responsabilité	2023 Impact financier	Couverture d'assurance
Réclamations de responsabilité de la responsabilité des produits	3,2 millions de dollars	Couverture globale de 50 millions de dollars
Règlement de défaillance de l'infrastructure	1,7 million de dollars	Assurance responsabilité professionnelle

Exigences réglementaires pour la fabrication d'équipements d'utilité de l'eau

Répartition de la conformité réglementaire:

• AWWA (American Water Works Association) Conformité des normes: 100%
• Certification NSF / ANSI 61 pour les composants du système d'eau potable
• Conformité annuelle de l'audit réglementaire: PASS

Règlement de fabrication	Statut de conformité	Période de certification
ASME (American Society of Mechanical Engineers)	Pleinement conforme	2024-2025
Gestion de l'environnement ISO 14001	Agréé	En cours

Mueller Water Products, Inc. (MWA) - Analyse du pilon: facteurs environnementaux

Solutions de gestion durable de l'eau

Mueller Water Products a mis en œuvre les technologies d'efficacité de l'eau avec les mesures suivantes:

Technologie	Économies d'eau	Année de mise en œuvre
Systèmes de mesure de l'eau intelligente	15,3 millions de gallons par an	2023
Technologies de détection des fuites	22,7% de réduction de la perte d'eau	2022
Surveillance avancée des tuyaux	8,6 millions de gallons conservés	2023

Réduire l'empreinte carbone dans les processus de fabrication

Données de réduction des émissions de carbone pour les produits Water Mueller:

Année	Émissions totales de carbone (tonnes métriques)	Pourcentage de réduction
2021	42,500	-
2022	38,750	8.7%
2023	35,600	12.2%

Adaptation au changement climatique pour la résilience des infrastructures d'eau

Investissements en résilience aux infrastructures:

• Investissement de matériaux de tuyaux résilients au climat: 12,4 millions de dollars en 2023
• Budget de conception du système d'eau adaptatif: 8,7 millions de dollars
• Renforcement des infrastructures météorologiques extrêmes: 5,6 millions de dollars

Développement des technologies de conservation et d'efficacité de l'eau

Dépenses de recherche et développement pour les technologies de conservation de l'eau:

Catégorie de technologie	Investissement en R&D	Économies d'eau attendues
Mesure intelligente	3,2 millions de dollars	25 millions de gallons / an
Détection des fuites	2,9 millions de dollars	18,5 millions de gallons / an
Maintenance prédictive	2,5 millions de dollars	15,3 millions de gallons / an

Mueller Water Products, Inc. (MWA) - PESTLE Analysis: Social factors

You're looking at a massive societal push toward water security and public health, which is a direct tailwind for Mueller Water Products, Inc. The social environment is demanding action on two fronts: removing toxic materials and stopping massive waste. Honestly, this isn't just good PR; it's mandated spending that will last for years.

Public Health Focus Drives Infrastructure Overhaul

The public health imperative to eliminate lead from drinking water is now federal policy. The Environmental Protection Agency (EPA) finalized the Lead and Copper Rule Improvements (LCRI), setting a 10-year deadline for the complete replacement of lead service lines nationwide. While the Bipartisan Infrastructure Law has allocated $15 billion over five years to kickstart this, total replacement costs could easily exceed $90 billion. This creates a sustained, non-discretionary demand cycle for durable, safe pipe and fitting solutions that Mueller Water Products provides. We are talking about replacing up to nine million homes' service lines. That's a decade of guaranteed work, provided you can secure the contracts.

Aging Infrastructure Causes Daily Failures

The physical reality of the existing system is stark, and it's what keeps utility managers up at night. Studies estimate that the United States and Canada collectively experience about 260,000 water main breaks annually. Here's the quick math: that works out to roughly 712 pipe failures every single day. This aging network, with an average failure age of 53 years, results in an estimated $2.6 billion in annual repair costs alone. What this estimate hides is the massive volume of water lost before a break is even detected. It's defintely a clear signal that immediate product use-from valves to new pipe materials-is non-negotiable for utility resilience.

The scale of the problem is clear when you look at the pipe inventory:

• 20% of water pipes in the US and Canada need replacement.
• Cast iron and asbestos cement pipes still account for 33% of installed mains (2023 data).
• Smaller pipes (under 12 inches) fail five times more often.

This situation directly translates into high-volume, recurring replacement opportunities for MWA's core business.

Societal Need for Water Conservation Fuels Demand

Beyond the immediate health and safety crises, society is increasingly focused on water stewardship, especially given changing weather patterns. The sheer volume of water lost to leakage is staggering; the EPA estimated household leaks alone waste nearly 1 trillion gallons of water annually in the United States. This drives utilities to adopt smart technologies to reduce non-revenue water (NRW). The market is responding to this pressure; for instance, the global water leak sensors market was valued at $2.2 billion in 2025. Utilities are using these solutions to optimize operations and meet conservation goals, which means more demand for advanced metering and leak detection components.

The growing market for monitoring technology shows where the spending is shifting:

Market Segment (2025 Estimate)	Value	Key Driver
Water Metering & Monitoring Systems (Global)	$6.1 billion	Aging infrastructure replacement, NRW reduction
Water Leak Sensors (Global)	$2.2 billion	Conservation mandates, insurance risk mitigation
Annual Water Main Repair Costs (US/Canada)	$2.6 billion	712 daily breaks, aging pipe stock

Water Costs Are Rising Faster Than General Inflation

When utilities face massive capital expenditure needs-like lead line replacement or leak detection upgrades-they pass those costs to the ratepayer. This is creating social friction. As of March 2025, reports indicated that median water utility payments have increased by 7.1 percent, which is about twice the rate of general inflation over the past year. In some regions, like Los Angeles County, water bills climbed nearly 60% from 2015 to 2025, outpacing inflation. This cost pressure forces utilities to seek efficiency gains from their suppliers, favoring products that offer long-term operational savings, such as durable, low-maintenance infrastructure from Mueller Water Products, Inc.

Finance: draft 13-week cash view by Friday.

Mueller Water Products, Inc. (MWA) - PESTLE Analysis: Technological factors

You're looking at how technology is reshaping the core of Mueller Water Products' business right now, in late 2025. It's not just about making better valves anymore; it's about the data flowing through the pipes. The technological shift is a major driver for growth, but it brings new, complex risks that we need to watch closely.

Focus on Water Management Solutions (WMS) like leak detection and pipe condition assessment drives growth

The push for efficiency and loss reduction is making Mueller Water Products' Water Management Solutions (WMS) segment a key growth area. This part of the business, which includes advanced leak detection and pipe condition assessment tools, saw its net sales climb to $163.3 million in the 2025 fourth quarter, marking a 10.4% jump over the prior year's quarter. Municipalities are finally spending on the 'smart' side of infrastructure, moving beyond just replacement parts. This focus on intelligence helps them prioritize capital spending and reduce non-revenue water loss, which is a huge win for cash-strapped utilities.

Here's what that looks like in practice:

• Use of IoT sensors for real-time system knowledge.
• Pressure management software to extend pipe life.
• GIS mapping to create digital models of distribution systems.

The overall company performance reflects this trend, with fiscal 2025 net sales reaching $1,429.7 million, an 8.75% increase year-over-year.

Integration of Artificial Intelligence (AI) into software solutions creates new data-driven services

Artificial Intelligence and machine learning are moving from pilot programs to actual service offerings. Mueller Water Products is integrating this knowledge from sensors and historical data to give utility leaders actionable insights. For example, some utilities are training algorithms using past water main break history to predict future pipe failures. This is how you turn raw data into predictive maintenance, which is a massive step up from reactive repairs. Still, this early-stage development is a double-edged sword; there's no guarantee of success, and competitors might move faster.

The company is positioning itself to capture value from this data explosion, but it requires significant investment and careful navigation of new regulatory hurdles.

New state-of-the-art brass foundry in Decatur, Illinois, improves operational efficiency and capacity

The transition to the new, state-of-the-art brass foundry in Decatur, Illinois, is a major technological overhaul aimed squarely at operational efficiency. While the closure of the legacy facility incurred $3.2 million in write-downs and reorganization charges in the first half of 2025, the long-term goal is clear: modernize manufacturing. Capital expenditures for this modernization effort rose to $21.1 million in the first half of 2025, up from $15.8 million the year before. This investment is designed to increase production capacity to meet current and future demands, which should help improve margins as the high-cost, outdated infrastructure is phased out. The original plan was for the new facility to employ up to 250 workers.

Cybersecurity risks are a growing concern for their smart water system software offerings

As Mueller Water Products embeds more intelligence into its software-like the water intelligence platforms-the attack surface widens. Honestly, cybersecurity is a top-tier risk now, especially with the IT/Operational Technology (OT) convergence happening across the utility sector. The company itself experienced a cybersecurity incident in October 2023 that disrupted operations. Furthermore, the reliance on third-party AI solutions introduces another layer of potential vulnerability.

The risk isn't just theoretical; the EPA identified 97 drinking water systems with critical or high-risk vulnerabilities, impacting about 26.6 million users. For Mueller Water Products, a breach in their smart system software could severely damage customer trust, which is hard-won in this industry.

Key technology risk factors to monitor:

• Potential for AI-driven cyber threats.
• Vulnerabilities in connected operational technology.
• Evolving regulatory requirements for data security.

If onboarding new digital tools takes longer than expected, the security gap widens.

Finance: draft 13-week cash view by Friday

Mueller Water Products, Inc. (MWA) - PESTLE Analysis: Legal factors

You're looking at how new laws and regulatory shifts in 2025 are shaping the operational landscape for Mueller Water Products, Inc. The legal environment is tightening around environmental liability and domestic sourcing, which directly affects your project pipeline and compliance overhead.

New Legislation and Environmental Liability

The reintroduction of bipartisan legislation, specifically the Water Systems PFAS Liability Protection Act of 2025, is a major legal development. This bill is designed to shield water utilities like your customers from undue financial burdens under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) related to per- and polyfluoroalkyl substances (PFAS) cleanup. The goal is to ensure that the producers of these 'forever chemicals' bear the remediation cost, not the public systems that involuntarily receive them. Still, the underlying regulatory pressure remains high; the EPA's final National Primary Drinking Water Standards for PFOA and PFOS require compliance by April 26, 2025, which drives demand for MWA's treatment-related solutions, even amidst liability uncertainty.

Build America, Buy America Mandate Compliance

For Mueller Water Products, Inc., securing revenue from federally funded infrastructure projects means strict adherence to domestic procurement rules. The Infrastructure Investment and Jobs Act significantly increased the domestic content threshold under the Build America, Buy America (BABA) mandate. You need to ensure your supply chain and manufacturing processes meet the rising domestic content requirement, which is phasing up to 75% over eight years. This isn't just a preference; it's a legal gatekeeper for a substantial portion of the coming capital investment cycle in water infrastructure. Failing to meet this standard means missing out on key federal dollars flowing through State Revolving Funds (DWSRF) and WIFIA programs.

Regulatory Risk in AI Deployment and Security

As water infrastructure becomes more digital-using AI for predictive maintenance and operational intelligence-the legal focus shifts to cybersecurity. Utilities are prioritizing Operational Technology (OT) security, with 95 percent citing safety and public welfare as their main motivation for investment in this area. For MWA, this translates into a legal requirement to ensure any AI-integrated technology you sell or deploy has robust security features built-in, including network segmentation and continuous monitoring capabilities. A breach in a utility's system, even if caused by a third-party component, creates significant regulatory and liability exposure for everyone involved. You have to manage the risk that new regulations will mandate specific cybersecurity frameworks for critical infrastructure components.

Here's a quick look at how the legal and financial picture is shaping up for the fiscal year ending September 30, 2025:

Metric Category	Description	FY2025 Value
Financial Performance	Interest Expense, Net	$6.6 million
Financial Performance	Total Net Sales	$1,429.7 million
Regulatory Focus	PFAS MCL Compliance Deadline (EPA)	April 26, 2025
Regulatory Focus	Build America, Buy America (BABA) Target	Increasing to 75%
Risk Area	Utility OT Security Investment Priority	Top Priority (95% of respondents)

What this estimate hides is the direct revenue impact from BABA compliance, which isn't explicitly broken out in the public filings yet. Still, the trend is clear: domestic sourcing is non-negotiable for major contracts.

The legal landscape requires proactive compliance, especially around environmental remediation and digital security. You need to track legislative progress on liability protection while simultaneously hardening your product offerings against evolving cyber mandates. These aren't abstract concerns; they are line items in your risk register.

• Monitor state-level PFAS regulation evolution.
• Verify all new federal contracts meet BABA rules.
• Stress-test AI security protocols internally.
• Ensure compliance documentation is audit-ready.

Finance: draft 13-week cash view by Friday.

Mueller Water Products, Inc. (MWA) - PESTLE Analysis: Environmental factors

You're looking at the macro environment, and the planet's health is now a core driver of your customers' capital spending. For Mueller Water Products, Inc. (MWA), this isn't a side project; it's the main event, given the massive scale of water waste in the US.

Water loss in US utilities costs roughly $6.4 billion annually, creating a massive market for MWA's products.

The sheer volume of water wasted in the US distribution system presents a huge, persistent market opportunity for MWA. Bluefield Research reported in April 2025 that non-revenue water (NRW) costs U.S. utilities over $6.4 billion in uncaptured revenues each year. This loss equates to nearly one in five gallons-specifically 19.5%-of treated drinking water that never reaches the customer. Water main breaks, a major contributor to this, are still happening roughly every two minutes across the country, stressing aging infrastructure.

Commitment to sustainability and waste reduction is a stated strategic initiative for the company.

Mueller Water Products, Inc. has clearly baked sustainability into its strategy, as evidenced by its 2024 Environmental, Social and Governance (ESG) report released in August 2025. The company is actively managing its operational footprint, focusing heavily on material use and waste diversion. They have set an ambitious target to achieve zero waste to landfills by 2035, using 2022 as the baseline year. This isn't just talk; the numbers from their 2024 operations show significant progress in circularity.

Here's a quick look at their 2024 material usage versus waste generation:

Metric	Value (2024 Data)
Recycled Metal Used (Metric Tons)	~69,900
Total Waste Generated (Metric Tons)	~17,700
Recycled Metal Used in Products	~95%
Hazardous Waste Disposal Reduction (YoY)	21%

This focus on using recycled content, which was about ~95% of the material in their products, is a direct play on resource efficiency.

Climate change and extreme weather events increase the need for resilient, durable water infrastructure products.

The increasing frequency of extreme weather events puts immense stress on existing water systems, which are already old-the American Water Works Association predicts most pipes need replacement or repair by 2040. When infrastructure fails due to weather stress or age, the resulting leaks cause supply disruptions and potential contamination issues, which drives demand for MWA's durable valves, hydrants, and monitoring solutions. Utilities must invest in more resilient systems to withstand these environmental pressures, making MWA's core offerings more critical than ever.

MWA's products directly enable utilities to meet water conservation and non-revenue water reduction goals.

The company's technology is directly tied to solving the $6.4 billion NRW problem. MWA's EchoShore® leak detection technology has already helped clients identify an estimated 7.7 billion gallons in water loss savings since 2020, hitting that milestone three years ahead of schedule. This success has prompted them to raise the bar. Their new, forward-looking target is to identify a total of 18 billion gallons of water loss savings by 2029. If onboarding takes 14+ days, churn risk rises, but for MWA, faster deployment of leak detection means faster realized savings for the utility.

Key Environmental Goals and Progress (as of 2024 Report):

• Identify 18 billion gallons in water loss by 2029.
• Reduce Scope 1 and 2 GHG intensity by 1% YoY (vs. 2023).
• Achieve zero waste to landfills by 2035.
• Convert all brass products to lead-free alloy by 2030.

Action: Strategy Team: Draft 13-week cash view by Friday.