Mueller Water Products, Inc. (MWA): Análise de Pestle [Jan-2025 Atualizado]

Na paisagem em rápida evolução da infraestrutura de água, a Mueller Water Products, Inc. (MWA) está na interseção crítica da inovação tecnológica, sustentabilidade ambiental e resiliência da infraestrutura. À medida que as cidades lidam com o envelhecimento dos sistemas de água e o aumento dos desafios climáticos, essa análise abrangente de pilotes revela os fatores externos multifacetados que moldam a trajetória estratégica da MWA-de investimentos em infraestrutura orientados a políticas a soluções tecnológicas de ponta que estão redefinindo como gerenciamos, monitoramos e preservam nossas Recurso mais precioso: água.

Mueller Water Products, Inc. (MWA) - Análise de Pestle: Fatores Políticos

Políticas potenciais de investimento em infraestrutura sob administração de Biden

A Lei de Investimento de Infraestrutura e Empregos (IIJA) alocada US $ 1,2 trilhão para melhorias de infraestrutura, com US $ 55 bilhões Especificamente dedicado a projetos de infraestrutura de água. A Mueller Water Products está posicionada para se beneficiar desse investimento federal significativo.

Categoria de investimento em infraestrutura	Financiamento alocado
Investimento total de infraestrutura de água	US $ 55 bilhões
Substituição do tubo de chumbo	US $ 15 bilhões
Atualizações do sistema de água	US $ 10 bilhões

Legislação de infraestrutura aquática que afeta a aquisição municipal

A Lei de Financiamento e Inovação da Infraestrutura aquática da EPA (WIFIA) fornece US $ 5,5 bilhões Em empréstimos com juros baixos para projetos de infraestrutura de água, permitindo que os municípios acelerem as compras de empresas como a Mueller Water Products.

• O programa WiFia suporta projetos sobre US $ 20 milhões
• Taxas de juros aproximadamente 2-3% abaixo das taxas de mercado
• Termos de empréstimo até 35 anos

Alterações regulatórias nos padrões de infraestrutura de utilidades de água

A revisão de leads e regra de cobre (LCRR) da EPA exige padrões mais rígidos de qualidade da água, exigindo inventários abrangentes da linha de serviço e estratégias de substituição.

Requisito regulatório	Prazo para conformidade
Inventário de linha de serviço principal	Outubro de 2024
Substituição completa da linha de serviço Lead	2036

Incentivos do governo para conservação de água e modernização de infraestrutura

Os governos federais e estaduais oferecem vários programas de incentivo para incentivar a modernização da infraestrutura de água.

• Créditos tributários até 30% Para investimentos tecnológicos com eficiência de água
• Subsídios em nível estadual que variam de US $ 500.000 a US $ 5 milhões
• Lei de Política Energética fornece deduções fiscais adicionais para tecnologias de conservação de água

Mueller Water Products, Inc. (MWA) - Análise de pilão: Fatores econômicos

Custos de aço e material de fabricação flutuantes

A partir do quarto trimestre de 2023, os preços do aço mostraram volatilidade significativa. O preço médio da bobina de aço a quente foi de US $ 933 por tonelada em dezembro de 2023, representando uma queda de 12,7% em relação aos preços de setembro de 2023. Os índices de custo da matéria -prima para manufatura demonstraram a seguinte tendência:

Material	Mudança de preço (2023)	Custo médio por unidade
Aço	-12.7%	US $ 933/tonelada
Cobre	-3.5%	US $ 3,82/libra
Alumínio	-6.2%	US $ 2,26/libra

Restrições orçamentárias municipais

Os orçamentos de infraestrutura municipal permaneceram restritos em 2023-2024:

• Orçamento médio de infraestrutura municipal: US $ 12,4 milhões
• Alocação orçamentária para infraestrutura de água: 22,6% do total de despesas de capital municipal
• Lacuna de investimento de infraestrutura projetada: US $ 325 bilhões nacionalmente até 2025

Iniciativas de recuperação econômica de gastos com infraestrutura

Iniciativa Federal	Alocação total	Financiamento da infraestrutura de água
Lei de Investimento de Infraestrutura e Empregos	US $ 1,2 trilhão	US $ 55,4 bilhões
Subsídios de infraestrutura de água em nível estadual	US $ 8,3 bilhões	US $ 4,6 bilhões

As taxas de juros impactam nos investimentos municipais

Dados da taxa de juros do Federal Reserve (em janeiro de 2024):

• Taxa de fundos federais: 5,33%
• Rendimento médio de títulos municipais: 3,87%
• Custo de financiamento do projeto de infraestrutura: 4,65%

A sensibilidade do investimento em infraestrutura municipal às alterações da taxa de juros demonstrou um coeficiente de correlação de 0,75, indicando um impacto financeiro significativo na viabilidade do projeto de capital.

Mueller Water Products, Inc. (MWA) - Análise de Pestle: Fatores sociais

Crescente consciência pública sobre a qualidade da água e o envelhecimento da infraestrutura

De acordo com a Sociedade Americana de Engenheiros Civis (ASCE) 2021, boletim de relatório de infraestrutura, 45% da infraestrutura de água dos EUA é avaliada D ou D+. As estimativas da Agência de Proteção Ambiental (EPA) US $ 472 bilhões necessários para reparos e substituições de infraestrutura de água até 2030.

Métrica de infraestrutura de água	Status atual	Necessidade de investimento projetado
Envelhecimento da rede de água	6 bilhões de galões de água perdida diariamente	US $ 129 bilhões até 2028
Substituições de linha de serviço principal	9,2 milhões de linhas de serviço em todo o país	Custo de substituição total de US $ 45-50 bilhões

Crescente demanda por soluções sustentáveis ​​de gerenciamento de água

O mercado global de gestão de água deve alcançar US $ 737,1 bilhões até 2027, com um CAGR de 6,5%. Investimentos sustentáveis ​​de tecnologia de água aumentaram em 22% anualmente desde 2018.

Necessidades de substituição de infraestrutura de crescimento da população urbana

As estatísticas de crescimento da população urbana dos EUA indicam:

• 84,3% da população dos EUA vive em áreas urbanas a partir de 2022
• A população urbana deve crescer 2,1% anualmente até 2025
• O investimento municipal de infraestrutura de água US $ 82,7 bilhões até 2026

Preferência do consumidor por tecnologias de água ambientalmente responsáveis

Preferência de sustentabilidade do consumidor	Percentagem
Disposto a pagar mais por soluções de água sustentável	73%
Priorize tecnologias com eficiência de água	68%
Considere o impacto ambiental nas decisões de compra	62%

O mercado de tecnologia de água para soluções sustentáveis ​​deve crescer para US $ 266,1 bilhões até 2025, com o aumento da demanda do consumidor por produtos ambientalmente responsáveis.

Mueller Water Products, Inc. (MWA) - Análise de pilão: Fatores tecnológicos

Tecnologias avançadas de sensor e IoT para monitoramento de infraestrutura de água

A Mueller Water Products investiu US $ 12,3 milhões em P&D para tecnologias de sensores de IoT em 2023. A participação de mercado do Sensor de Infraestrutura de Água Smart da empresa atingiu 7,2% na América do Norte.

Tipo de tecnologia	Investimento ($ m)	Penetração de mercado (%)
Sensores avançados de IoT	12.3	7.2
Sensores de monitoramento de pressão	5.7	4.9
Sistemas de detecção de fluxo	8.2	6.1

Transformação digital em sistemas de gerenciamento de utilidades de água

O orçamento de transformação digital de Mueller atingiu US $ 24,5 milhões em 2023, representando 18,6% do total de investimentos em tecnologia.

Sistema de Gerenciamento Digital	Investimento ($ m)	Melhoria de eficiência (%)
Plataformas de utilitário baseadas em nuvem	9.7	22.3
Software de análise de dados	6.8	15.6
Ferramentas de gerenciamento remoto	8.0	19.2

Medição de água inteligente e inovações de detecção de vazamentos

Mueller implantou 127.500 metros de água inteligentes em 2023, com precisão de detecção de vazamentos atingindo 94,3%.

Tipo de medidor	Unidades implantadas	Precisão de detecção de vazamentos (%)
Medidores inteligentes residenciais	87,300	94.3
Medidores inteligentes comerciais	40,200	92.7

Automação e tecnologias de manutenção preditiva em infraestrutura aquática

Mueller alocou US $ 16,7 milhões para tecnologias de manutenção preditiva em 2023, reduzindo as taxas de falha de infraestrutura em 27,5%.

Tecnologia de manutenção	Investimento ($ m)	Redução da taxa de falhas (%)
Sistemas de diagnóstico automatizados	7.3	27.5
Manutenção preditiva AI	5.9	24.6
Ferramentas de inspeção robótica	3.5	19.8

Mueller Water Products, Inc. (MWA) - Análise de Pestle: Fatores Legais

Conformidade com os regulamentos de infraestrutura de água da EPA

A Mueller Water Products, Inc. mantém a conformidade com os regulamentos da EPA, conforme descrito na Lei de Água Potável Segura (SDWA). A empresa adere a requisitos regulatórios específicos:

Categoria de regulamentação	Métrica de conformidade	Requisitos específicos
Regra de chumbo e cobre	90º percentil de nível de chumbo	15 peças por bilhão (PPB)
Infraestrutura de água potável	Taxa de conformidade anual	99.7%
Padrões de fabricação	Certificação da EPA	ISO 9001: 2015 compatível

Proteção ambiental e padrões de qualidade da água

Métricas principais de conformidade ambiental:

• Taxa de conformidade da Lei da Água Limpa: 100%
• Frequência anual de teste de qualidade da água: 4.256 testes
• Conformidade com descarga de águas residuais: violações zero em 2023

Problemas potenciais de responsabilidade relacionados a falhas de infraestrutura

Categoria de responsabilidade	2023 Impacto financeiro	Cobertura de seguro
Reivindicações de responsabilidade do produto	US $ 3,2 milhões	Cobertura agregada de US $ 50 milhões
Acordos de falha de infraestrutura	US $ 1,7 milhão	Seguro de responsabilidade profissional

Requisitos regulatórios para fabricação de equipamentos de utilidade de água

Redução de conformidade regulatória:

• Awwa (American Water Works Association) Standards Compliance: 100%
• Certificação NSF/ANSI 61 para componentes do sistema de água potável
• Conformidade anual de auditoria regulatória: PASS

Regulamentação de fabricação	Status de conformidade	Período de certificação
ASME (Sociedade Americana de Engenheiros Mecânicos)	Totalmente compatível	2024-2025
ISO 14001 Gestão Ambiental	Certificado	Em andamento

Mueller Water Products, Inc. (MWA) - Análise de Pestle: Fatores Ambientais

Soluções sustentáveis ​​de gerenciamento de água

A Mueller Water Products implementou tecnologias de eficiência da água com as seguintes métricas:

Tecnologia	Economia de água	Ano de implementação
Sistemas de medição de água inteligentes	15,3 milhões de galões por ano	2023
Tecnologias de detecção de vazamentos	22,7% de redução na perda de água	2022
Monitoramento avançado de tubos	8,6 milhões de galões conservados	2023

Reduzindo a pegada de carbono nos processos de fabricação

Dados de redução de emissões de carbono para produtos de água de Mueller:

Ano	Emissões totais de carbono (toneladas métricas)	Porcentagem de redução
2021	42,500	-
2022	38,750	8.7%
2023	35,600	12.2%

Adaptação de mudanças climáticas para resiliência à infraestrutura aquática

Investimentos de resiliência de infraestrutura:

• Investimento de materiais de tubulação com resistência climática: US $ 12,4 milhões em 2023
• Orçamento de projeto de sistema de água adaptável: US $ 8,7 milhões
• Extreme Weather Infrastructure Reforced: US $ 5,6 milhões

Desenvolvimento de Tecnologias de Conservação e Eficiência de Água

Despesas de pesquisa e desenvolvimento para tecnologias de conservação de água:

Categoria de tecnologia	Investimento em P&D	Economia de água esperada
Medição inteligente	US $ 3,2 milhões	25 milhões de galões/ano
Detecção de vazamentos	US $ 2,9 milhões	18,5 milhões de galões/ano
Manutenção preditiva	US $ 2,5 milhões	15,3 milhões de galões/ano

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.