Evoqua Water Technologies (AQUA) 10-Q 2 Aug 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2022	Jul. 27, 2022
Cover [Abstract]
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-38272
Entity Registrant Name	EVOQUA WATER TECHNOLOGIES CORP.
Entity Tax Identification Number	46-4132761
Entity Address, Address Line One	210 Sixth Avenue
Entity Address, Postal Zip Code	15222
Entity Address, City or Town	Pittsburgh,
Entity Address, State or Province	PA
City Area Code	724
Local Phone Number	772-0044
Trading Symbol	AQUA
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		121,486,702
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Central Index Key	0001604643
Current Fiscal Year End Date	--09-30

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
ASSETS
Current assets	$ 832,220	$ 678,458
Cash and cash equivalents	137,839	146,244
Receivables, net	293,471	277,995
Inventories, net	232,459	158,503
Contract assets	101,899	72,746
Prepaid and other current assets	64,877	21,871
Income tax receivable	1,675	1,099
Property, plant, and equipment, net	400,367	374,988
Goodwill	471,688	407,376
Intangible assets, net	315,983	290,075
Deferred income taxes, net of valuation allowance	4,788	8,285
Operating lease right-of-use assets, net	52,954	45,521
Other non‑current assets	93,618	64,188
Total assets	2,171,618	1,868,891
LIABILITIES AND EQUITY
Current liabilities	457,162	405,989
Accounts payable	198,180	164,535
Current portion of debt, net of deferred financing fees and discounts	16,064	12,775
Contract liabilities	66,943	55,883
Product warranties	7,198	8,138
Accrued expenses and other liabilities	162,474	160,367
Income tax payable	6,303	4,291
Non‑current liabilities	1,052,166	880,683
Long-term debt, net of deferred financing fees and discounts	909,763	730,430
Product warranties	3,994	2,966
Obligation under operating leases	43,832	37,935
Other non‑current liabilities	79,766	92,909
Deferred income taxes	14,811	16,443
Total liabilities	1,509,328	1,286,672
Commitments and Contingent Liabilities (Note 19)
Shareholders’ equity
Common stock, par value $0.01: authorized 1,000,000 shares; issued 123,150 shares, outstanding 121,486 at June 30, 2022; issued 122,173 shares, outstanding 120,509 at September 30, 2021	1,232	1,223
Treasury stock: 1,664 shares at June 30, 2022 and 1,664 shares at September 30, 2021	(2,837)	(2,837)
Additional paid-in capital	600,403	582,052
Retained earnings (deficit)	19,698	(11,182)
Accumulated other comprehensive income, net of tax	43,794	11,415
Total Evoqua Water Technologies Corp. equity	662,290	580,671
Non-controlling interest	0	1,548
Total shareholders’ equity	662,290	582,219
Total liabilities and shareholders’ equity	$ 2,171,618	$ 1,868,891

Consolidated Balance Sheets Con

Consolidated Balance Sheets Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Sep. 30, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	123,150,000	122,173,000
Common stock, outstanding (in shares)	121,486,000	120,509,000
Treasury stock (in shares)	1,664,000	1,664,000

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues [Abstract]
Revenues	$ 439,325	$ 369,681	$ 1,232,321	$ 1,038,438
Cost of Revenue [Abstract]
Cost of product sales and services	(303,193)	(252,652)	(856,795)	(720,145)
Gross profit	136,132	117,029	375,526	318,293
Operating Expenses [Abstract]
General and administrative expense	(61,426)	(50,837)	(186,231)	(146,048)
Sales and marketing expense	(40,634)	(35,871)	(116,942)	(103,629)
Research and development expense	(3,857)	(3,413)	(11,060)	(9,929)
Total operating expenses	(105,917)	(90,121)	(314,233)	(259,606)
Other operating income	951	1,662	4,023	2,653
Other operating expense	(136)	(260)	(426)	(618)
Operating profit (loss)	31,030	28,310	64,890	60,722
Interest expense	(8,440)	(11,224)	(24,969)	(28,292)
Income before income taxes	22,590	17,086	39,921	32,430
Income tax expense	(5,027)	(3,887)	(8,896)	(7,672)
Net income	17,563	13,199	31,025	24,758
Net income attributable to non‑controlling interest	0	44
Net income attributable to Evoqua Water Technologies Corp.	$ 17,563	$ 13,155	$ 30,880	$ 24,624
Basic income per common share	$ 0.14	$ 0.11	$ 0.26	$ 0.21
Diluted income per common share	$ 0.14	$ 0.11	$ 0.25	$ 0.20
Non-controlling Interest
Operating Expenses [Abstract]
Net income	$ 0	$ 44
Net income attributable to non‑controlling interest			$ 145	$ 134
Revenue from product sales
Revenues [Abstract]
Revenues	267,957	218,427	740,300	600,908
Cost of Revenue [Abstract]
Cost of product sales and services	(185,742)	(152,591)	(524,867)	(428,173)
Revenue from service
Revenues [Abstract]
Revenues	171,368	151,254	492,021	437,530
Cost of Revenue [Abstract]
Cost of product sales and services	$ (117,451)	$ (100,061)	$ (331,928)	$ (291,972)

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other comprehensive (loss) income
Net income	$ 17,563	$ 13,199	$ 31,025	$ 24,758
Foreign currency translation adjustments	(5,643)	591	(1,858)	22,605
Unrealized derivative gain (loss) on cash flow hedges, net of tax	5,435	(3,524)	33,746	6,569
Change in pension liability, net of tax	156	266	491	640
Total other comprehensive (loss) income	(52)	(2,667)	32,379	29,814
Less: Comprehensive income attributable to non‑controlling interest	0	(44)	(145)	(134)
Comprehensive income attributable to Evoqua Water Technologies Corp.	$ 17,511	$ 10,488	$ 63,259	$ 54,438

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Deficit	Accumulated Other Comprehensive (Loss) Income	Non-controlling Interest
Common stock issued at the beginning of the period (shares) at Sep. 30, 2020		119,486,000
Stockholders' equity, balance at the beginning of the period at Sep. 30, 2020	$ 482,063	$ 1,189	$ (2,837)	$ 564,928	$ (62,664)	$ (20,472)	$ 1,919
Treasury stock, balance at the beginning of the period (in shares) at Sep. 30, 2020			2,195,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	3,019			3,019
Issuance of common stock (in shares)		1,264,000	1,000
Stock Issued During Period, Value, New Issues	14,263	$ 13		14,250
Issuance of common stock, net	(250)						(250)
Net income	6,477				6,433		44
Dividends paid to non-controlling interest	(3,611)					(3,611)
Common stock issued at the end of the period (shares) at Dec. 31, 2020		120,750,000
Stockholders' equity, balance at the end of the period at Dec. 31, 2020	501,961	$ 1,202	$ (2,837)	582,197	(56,231)	(24,083)	1,713
Treasury stock, balance at the end of the period (in shares) at Dec. 31, 2020			2,196,000
Common stock issued at the beginning of the period (shares) at Sep. 30, 2020		119,486,000
Stockholders' equity, balance at the beginning of the period at Sep. 30, 2020	482,063	$ 1,189	$ (2,837)	564,928	(62,664)	(20,472)	1,919
Treasury stock, balance at the beginning of the period (in shares) at Sep. 30, 2020			2,195,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,758
Dividends paid to non-controlling interest	29,814
Common stock issued at the end of the period (shares) at Jun. 30, 2021		121,837,000
Stockholders' equity, balance at the end of the period at Jun. 30, 2021	545,179	$ 1,219	$ (2,837)	573,892	(38,040)	9,342	1,603
Treasury stock, balance at the end of the period (in shares) at Jun. 30, 2021			1,664,000
Common stock issued at the beginning of the period (shares) at Dec. 31, 2020		120,750,000
Stockholders' equity, balance at the beginning of the period at Dec. 31, 2020	501,961	$ 1,202	$ (2,837)	582,197	(56,231)	(24,083)	1,713
Treasury stock, balance at the beginning of the period (in shares) at Dec. 31, 2020			2,196,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	3,214			3,214
Issuance of common stock (in shares)		692,000	(532,000)
Stock Issued During Period, Value, New Issues	(21,364)	$ 13		(21,377)
Issuance of common stock, net	(100)						(100)
Net income	5,082				5,036		46
Dividends paid to non-controlling interest	36,092					36,092
Common stock issued at the end of the period (shares) at Mar. 31, 2021		121,442,000
Stockholders' equity, balance at the end of the period at Mar. 31, 2021	524,885	$ 1,215	$ (2,837)	564,034	(51,195)	12,009	1,659
Treasury stock, balance at the end of the period (in shares) at Mar. 31, 2021			1,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	4,228			4,228
Issuance of common stock (in shares)		395,000	0
Stock Issued During Period, Value, New Issues	5,634	$ 4		5,630
Issuance of common stock, net	(100)						(100)
Net income	13,199				13,155		44
Dividends paid to non-controlling interest	(2,667)					(2,667)
Common stock issued at the end of the period (shares) at Jun. 30, 2021		121,837,000
Stockholders' equity, balance at the end of the period at Jun. 30, 2021	$ 545,179	$ 1,219	$ (2,837)	573,892	(38,040)	9,342	1,603
Treasury stock, balance at the end of the period (in shares) at Jun. 30, 2021			1,664,000
Common stock issued at the beginning of the period (shares) at Sep. 30, 2021	122,173,000	122,173,000
Stockholders' equity, balance at the beginning of the period at Sep. 30, 2021	$ 582,219	$ 1,223	$ (2,837)	582,052	(11,182)	11,415	1,548
Treasury stock, balance at the beginning of the period (in shares) at Sep. 30, 2021	1,664,000		1,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	$ 5,203			5,203
Issuance of common stock (in shares)		199,000	0
Stock Issued During Period, Value, New Issues	824	$ 2		822
Issuance of common stock, net	(100)						(100)
Net income	6,088				5,987		101
Dividends paid to non-controlling interest	8,359					8,359
Common stock issued at the end of the period (shares) at Dec. 31, 2021		122,372,000
Stockholders' equity, balance at the end of the period at Dec. 31, 2021	$ 602,593	$ 1,225	$ (2,837)	588,077	(5,195)	19,774	1,549
Treasury stock, balance at the end of the period (in shares) at Dec. 31, 2021			1,664,000
Common stock issued at the beginning of the period (shares) at Sep. 30, 2021	122,173,000	122,173,000
Stockholders' equity, balance at the beginning of the period at Sep. 30, 2021	$ 582,219	$ 1,223	$ (2,837)	582,052	(11,182)	11,415	1,548
Treasury stock, balance at the beginning of the period (in shares) at Sep. 30, 2021	1,664,000		1,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 31,025
Dividends paid to non-controlling interest	$ 32,379
Common stock issued at the end of the period (shares) at Jun. 30, 2022	123,150,000	123,150,000
Stockholders' equity, balance at the end of the period at Jun. 30, 2022	$ 662,290	$ 1,232	$ (2,837)	600,403	19,698	43,794	0
Treasury stock, balance at the end of the period (in shares) at Jun. 30, 2022	1,664,000		1,664,000
Common stock issued at the beginning of the period (shares) at Dec. 31, 2021		122,372,000
Stockholders' equity, balance at the beginning of the period at Dec. 31, 2021	$ 602,593	$ 1,225	$ (2,837)	588,077	(5,195)	19,774	1,549
Treasury stock, balance at the beginning of the period (in shares) at Dec. 31, 2021			1,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	5,386			5,386
Issuance of common stock (in shares)		394,000
Stock Issued During Period, Value, New Issues	(1,354)	$ 4		(1,358)
Issuance of common stock, net							0
Net income	7,374				7,330		44
Dividends paid to non-controlling interest	24,072					24,072
Common stock issued at the end of the period (shares) at Mar. 31, 2022		122,766,000
Stockholders' equity, balance at the end of the period at Mar. 31, 2022	638,071	$ 1,229	$ (2,837)	592,105	2,135	43,846	1,593
Treasury stock, balance at the end of the period (in shares) at Mar. 31, 2022			1,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity based compensation expense	5,750			5,750
Issuance of common stock (in shares)		384,000
Stock Issued During Period, Value, New Issues	2,551	$ 3		2,548
Issuance of common stock, net							0
Net income	17,563	$ 0	$ 0	0	17,563	0	0
Dividends paid to non-controlling interest	(52)					(52)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ (1,593)						(1,593)
Common stock issued at the end of the period (shares) at Jun. 30, 2022	123,150,000	123,150,000
Stockholders' equity, balance at the end of the period at Jun. 30, 2022	$ 662,290	$ 1,232	$ (2,837)	$ 600,403	$ 19,698	$ 43,794	$ 0
Treasury stock, balance at the end of the period (in shares) at Jun. 30, 2022	1,664,000		1,664,000

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Changes in Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 31,025	$ 24,758
Reconciliation of net income to cash flows provided by operating activities:
Depreciation and amortization	93,881	83,707
Amortization of deferred financing fees (includes $0 and $1,333 write off of deferred financing fees)	1,393	2,814
Deferred income taxes	1,332	994
Share-based compensation	16,339	10,461
(Gain) loss on sale of property, plant, and equipment	(684)	2,456
(Gain) loss on sale of business	(193)	193
Foreign currency exchange losses (gains) on intercompany loans and other non-cash items	11,235	(4,628)
Changes in assets and liabilities
Accounts receivable	3,222	18,931
Inventories	(44,566)	(18,261)
Contract assets	(30,092)	12,059
Prepaids and other current assets	(23,951)	(21,869)
Accounts payable	27,367	(10,587)
Accrued expenses and other liabilities	2,494	23,065
Contract liabilities	11,356	9,337
Income taxes	1,596	(2,489)
Other non‑current assets and liabilities	(14,820)	(28,083)
Net cash provided by operating activities	86,934	102,858
Investing activities
Purchase of property, plant, and equipment	(58,700)	(54,147)
Purchase of intangibles	(2,361)	(1,206)
Proceeds from sale of property, plant, and equipment	2,383	1,108
Proceeds from sale of business, net of cash of $0 and $0	356	897
Acquisitions, net of cash received $0 and $0	(206,471)	(21,059)
Net cash used in investing activities	(264,793)	(74,407)
Financing activities
Issuance of debt, net of deferred issuance costs	245,236	747,877
Repayment of debt	(64,007)	(837,082)
Repayment of finance lease obligation	(9,965)	(10,173)
Proceeds from issuance of common stock	7,921	18,096
Taxes paid related to net share settlements of share-based compensation awards	(6,274)	(1,315)
Distribution to non‑controlling interest	(100)	(450)
Net cash provided by (used in) financing activities	172,811	(83,047)
Effect of exchange rate changes on cash	(3,357)	3,119
Change in cash and cash equivalents	(8,405)	(51,477)
Beginning of period	146,244	193,001
End of period	137,839	141,524
Supplemental disclosure of cash flow information
Cash paid for taxes	5,544	7,536
Cash paid for interest	19,076	20,643
Non‑cash investing and financing activities
Finance lease transactions	10,404	12,300
Operating lease transactions	$ 18,482	$ 11,699

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Changes in Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Write off of deferred debt issuance cost	$ 0	$ 1,333
Cash acquired from acquisition	0	0
Cash divested with sale of business	$ 0	$ 0

Description of the Company and

Description of the Company and Basis of Presentation	9 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation Background Evoqua Water Technologies Corp. (referred to herein as the “Company” or “EWT”) is a holding company and does not conduct any business operations of its own. The Company was incorporated on October 7, 2013. On November 6, 2017, the Company completed its initial public offering (“IPO”). The Business EWT provides a wide range of product brands and advanced water and wastewater treatment systems and technologies, as well as mobile and emergency water supply solutions and service contract options through its branch network. Headquartered in Pittsburgh, Pennsylvania, EWT is a multinational corporation with operations in the United States (“U.S.”), Canada, the United Kingdom (“UK”), the Netherlands, Germany, Australia, the People’s Republic of China, Singapore and India. The Company is organizationally structured into two reportable operating segments for the purpose of making operational decisions and assessing financial performance: (i) Integrated Solutions and Services and (ii) Applied Product Technologies. Basis of Presentation The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). All intercompany transactions have been eliminated. Unless otherwise specified, all dollar and share amounts in these notes are referred to in thousands. The interim Unaudited Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such SEC rules. We believe that the disclosures made are adequate to make the information presented not misleading. In our opinion, all adjustments considered necessary for a fair presentation of the financial statements have been included, and all adjustments are of a normal and recurring nature. We consistently applied the accounting policies described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021, as filed with the SEC on November 17, 2021 (“2021 Annual Report”), in preparing these Unaudited Consolidated Financial Statements, with the exception of accounting standard updates described in Note 2, “Recent Accounting Pronouncements.” These Unaudited Consolidated Financial Statements should be read in conjunction with the audited financial statements and the notes included in our 2021 Annual Report. Certain prior period amounts have been reclassified to conform to the current period presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Not Yet Adopted In October 2021, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which amends Accounting Standards Codification (“ASC”) 805 to require an acquirer to, at the date of acquisition, recognize and measure contract assets and contract liabilities acquired in accordance with ASU 2014-9, Revenue from Contracts with Customers (Topic 606) (“Topic 606”) , as if the entity had originated the contracts, rather than adjust them to fair value at the acquisition date. The guidance is effective for fiscal years beginning after December 15, 2022 and is to be applied prospectively to business combinations occurring on or after the effective date of the amendments. The Company is currently assessing the impact of adoption on the Company’s Unaudited Consolidated Financial Statements and related disclosures. Accounting Pronouncements Recently Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , and also issued subsequent amendments to the initial guidance (collectively, “Topic 848”). Topic 848 became effective immediately and expires on December 31, 2022. Topic 848 allows eligible contracts that are modified to be accounted for as a continuation of those contracts, permits companies to preserve their hedge accounting during the transition period and enables companies to make a one-time election to transfer or sell held-to-maturity debt securities that are affected by rate reform. Topic 848 provides optional expedients and exceptions for contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform if certain criteria are met. The Company adopted Topic 848 during the nine months ended June 30, 2022 and the adoption did not have a material impact on the Company’s Unaudited Consolidated Financial Statements and related disclosures.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Variable Interest Entities	Variable Interest Entities Treated Water Outsourcing (“TWO”) was a joint venture between the Company and Nalco Water, an Ecolab company (“Nalco”), in which the Company held a 50% partnership interest. The Company acquired the remaining partnership interest in TWO from Nalco on April 1, 2022. See Note 4, “Acquisitions and Divestitures” for further discussion. Prior to acquisition, the Company was obligated to absorb all risk of loss up to 100% of the joint venture partner’s equity. As such, the Company fully consolidated TWO as a variable interest entity (“VIE”) under ASC Topic No. 810, Consolidation . The following provides a summary of TWO’s balance sheet as of September 30, 2021, and summarized financial information for the three and nine months ended June 30, 2021, and the nine months ended June 30, 2022. As a result of the acquisition of the remaining partnership interest in TWO on April 1, 2022, there is no summarized financial information for the three months ended June 30, 2022. September 30, Current assets (includes cash of $1,380) $ 3,202 Property, plant, and equipment 903 Goodwill 2,206 Total liabilities (1,009) Three Months Ended Nine Months Ended 2021 2022 2021 Total revenue $ 843 $ 1,641 $ 2,511 Total operating expenses (748) (1,440) (2,217) Income from operations $ 95 $ 201 $ 294 On October 1, 2019, the Company acquired a 60% investment position in San Diego-based Frontier Water Systems, LLC (“Frontier”). The Frontier acquisition was a VIE because it had insufficient equity to finance its activities due to key assets being assigned to the Company upon acquisition. The Company was the primary beneficiary of Frontier because the Company had the power to direct the activities that most significantly affect Frontier’s economic performance. In addition, the Company entered into an agreement to purchase the remaining 40% interest in Frontier on or prior to March 30, 2024. This agreement (a) gave holders of the remaining 40% interest in Frontier (the “Minority Owners”) the right to sell to Evoqua up to approximately 10% of the outstanding equity in Frontier at a predetermined price, which right was exercisable by the Minority Owners between January 1, 2021 and February 28, 2021 (the “Option”), and (b) obligated the Company to purchase and the Minority Owners to sell all of the Minority Owners’ remaining interest in Frontier at the fair market value at the time of sale on or prior to March 30, 2024 (the “Purchase Right”). The Company acquired an additional 8% equity interest in Frontier in April 2021. O n April 1, 2022, the Company purchased the remaining 32% outstanding equity in Frontier. See Note 4, “Acquisitions and Divestitures” for further discussion. The following provides a summary of Frontier’s balance sheet as of September 30, 2021, and summarized financial information for the three and nine months ended June 30, 2021, and the nine months ended June 30, 2022. As a result of the acquisition of the remaining equity interest in Frontier on April 1, 2022, there is no summarized financial information for the three months ended June 30, 2022. September 30, Current assets (includes cash of $2,095) $ 12,495 Property, plant, and equipment 2,113 Goodwill 1,798 Intangible assets, net 8,265 Total liabilities (9,425) Three Months Ended Nine Months Ended 2021 2022 2021 Total revenue $ 4,945 $ 13,363 $ 7,793 Total operating expenses (4,448) (12,135) (8,587) Income (loss) from operations $ 497 $ 1,228 $ (794)

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and DivestituresAcquisitions support the Company’s strategy of delivering a broad solutions portfolio with robust technology across multiple geographies and end markets. The Company continues to evaluate potential strategic acquisitions of businesses, assets and product lines and believes that capex-like, tuck-in acquisitions present key opportunities within its overall growth strategy. On April 1, 2022, the Company acquired the remaining 32% interest in Frontier from the Minority Owners for a purchase price of $10,396, which the Company had accrued for as the Purchase Right as of March 31, 2022, making Frontier a wholly-owned subsidiary of the Company. This followed the Company’s initial acquisition of a 60% equity interest in Frontier in October 2019 and the Company’s acquisition of an additional 8% equity interest in Frontier in April 2021. The total amount paid for the acquisition of Frontier, including those amounts paid in prior periods, was $22,771. Also on April 1, 2022, the Company acquired the remaining 50% partnership interest in TWO from Nalco for a purchase price of $1,099. On December 20, 2021, the Company and its indirect wholly-owned subsidiaries Evoqua Water Technologies LLC (“EWT LLC”) and Evoqua Water Technologies Ltd. (together with EWT LLC, the “Buyer”) entered into an Asset Purchase Agreement (the “Agreement”) with Cantel Medical LLC, Mar Cor Purification, Inc., and certain of their affiliates (collectively, the “Sellers”), each wholly-owned subsidiaries of Steris plc, pursuant to which the Buyer agreed to acquire certain assets of the Sellers and assume certain liabilities of the Sellers that are owned or used or arise in connection with the global operation of the Sellers’ renal business (the “Mar Cor Business”) for an aggregate purchase price of $196,300 in cash at closing (the “Purchase Price”), subject to customary adjustments, including for working capital (the “Transaction”). On January 3, 2022, the Company completed the Transaction to acquire the Mar Cor Business for $194,976 paid in cash at closing, following adjustments. The Company utilized cash on hand and borrowed an additional $160,000 under the 2021 Revolving Credit Facility (as defined below) to fund the Transaction. The Mar Cor Business is included within the Integrated Solutions and Services segment. The Purchase Price includes a $12,300 earn out, which is being held in escrow and will be paid, pro rata, to the Sellers if the Mar Cor Business meets certain sales performance goals through December 31, 2022 (the “Earn Out”). Any portion of the Earn Out not paid to the Sellers during the first year following closing of the Transaction will be returned to the Buyer. A Monte Carlo simulation was performed to determine the fair value of an Earn Out asset for the amount expected to be received back from escrow based on the forecasted achievement of the sales performance goals associated with the Earn Out as of the acquisition date. See Note 6, Fair Value Measurements, for further discussion. In addition, approximately $12,965 of the Purchase Price was placed into an escrow account, of which $9,815 is to secure general indemnification claims against the Sellers and $3,150 is for net working capital adjustments. During the nine months ended June 30, 2022, the Company incurred approximately $3,178 in acquisition costs, which are included in General and administrative expense on the Unaudited Consolidated Statements of Operations. The acquisition of the Mar Cor Business has been accounted for using the acquisition method of accounting which requires the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. The table below summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. These preliminary estimates are subject to revision during the measurement period as additional analyses are performed and third-party valuations are finalized, and these differences could have a material impact on the accounting for the business combination. Receivables, net $ 21,275 Inventories, net 32,479 Earn Out asset 7,824 Other current assets 1,732 Property, plant, and equipment, net 19,343 Goodwill 68,714 Intangible assets, net 57,094 Other non-current assets 7,434 Total assets acquired 215,895 Current liabilities (15,377) Non-current liabilities (5,542) Total liabilities assumed (20,919) Net assets acquired $ 194,976 During the nine months ended June 30, 2022, the Company completed the divestiture of the resin regeneration assets in Germany (the “Germany Regen Business”) for $356 in cash at closing, resulting in a gain of $193 recognized on the sale. The Germany Regen Business was a part of the Applied Product Technologies

Revenue

Revenue	9 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Performance Obligations The Company elects to apply the practical expedient to exclude from this disclosure revenue related to performance obligations if the product has an alternative use and the Company does not have an enforceable right to payment for the performance completed to date, including a normal profit margin, in the event of termination for convenience. The Company maintains a backlog of confirmed orders, which totaled approximately $344,633 at June 30, 2022. This backlog represents the aggregate amount of the transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied as of the end of the reporting period. The Company estimates that the majority of these performance obligations will be satisfied within the next twelve Disaggregation of Revenue In accordance with Topic 606, the Company disaggregates revenue from contracts with customers into source of revenue, reportable operating segment, and geographical regions. The Company determined that disaggregating revenue into these categories meets the disclosure objective in Topic 606, which is to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Information regarding the source of revenue: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Revenue from contracts with customers recognized under Topic 606 $ 396,354 $ 320,218 $ 1,096,883 $ 903,325 Other (1) 42,971 49,463 135,438 135,113 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 (1) Other revenue relates to revenue recognized pursuant to ASU 2016-02, Leases (Topic 842) , primarily attributable to long term rentals. Information regarding revenue disaggregated by source of revenue and segment is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Integrated Solutions and Services Capital $ 72,535 $ 63,336 $ 210,339 $ 166,055 Aftermarket 59,033 31,852 150,602 91,499 Service 165,843 144,499 476,356 420,984 Total $ 297,411 $ 239,687 $ 837,297 $ 678,538 Applied Product Technologies Capital $ 98,782 $ 92,692 $ 274,444 $ 259,877 Aftermarket 37,607 30,547 104,915 83,477 Service 5,525 6,755 15,665 16,546 Total $ 141,914 $ 129,994 $ 395,024 $ 359,900 Total Revenue Capital $ 171,317 $ 156,028 $ 484,783 $ 425,932 Aftermarket 96,640 62,399 255,517 174,976 Service 171,368 151,254 492,021 437,530 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 Information regarding revenue disaggregated by geographic area is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 United States $ 362,268 $ 291,113 $ 1,009,615 $ 829,925 Asia 32,996 31,987 91,943 81,568 Europe 28,122 28,749 82,392 81,561 Canada 13,422 14,210 39,831 36,025 Australia 2,517 3,622 8,540 9,359 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 Contract Balances The Company performs its obligations under a contract with a customer by transferring products and/or services in exchange for consideration from the customer. The Company receives payments from customers based on a billing schedule as established in its contracts. Contract assets relate to costs incurred to perform in advance of scheduled billings. Contract liabilities relate to payments received in advance of performance under the contracts. Change in contract assets and liabilities are due to the Company’s performance under the contract. The tables below provide a roll-forward of contract assets and contract liabilities balances for the periods presented: Nine Months Ended Contract assets (a) 2022 2021 Balance at beginning of period $ 72,746 $ 80,759 Recognized in current period 294,794 232,750 Reclassified to accounts receivable (265,324) (244,766) Foreign currency (317) 600 Balance at end of period $ 101,899 $ 69,343 (a) Excludes receivable balances which are disclosed on the Consolidated Balance Sheets. Nine Months Ended Contract Liabilities 2022 2021 Balance at beginning of period $ 55,883 $ 26,259 Recognized in current period 271,227 245,049 Amounts in beginning balance reclassified to revenue (44,718) (18,496) Current period amounts reclassified to revenue (215,366) (216,972) Foreign currency (83) 1,075 Balance at end of period $ 66,943 $ 36,915

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurements As of June 30, 2022 and September 30, 2021, the fair values of cash and cash equivalents, accounts receivable, and accounts payable approximated carrying values due to the short maturity of these items. The Company measures the fair value of pension plan assets and liabilities, deferred compensation plan assets and liabilities on a recurring basis pursuant to ASC Topic No. 820, Fair Value Measurement . ASC Topic No. 820 establishes a three‑tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model‑derived valuations whose inputs are observable or whose significant value driver is observable. Level 3: Unobservable inputs in which little or no market data is available, therefore requiring an entity to develop its own assumptions. The following table presents the Company’s financial assets and liabilities at fair value. The fair values related to the pension plan assets are determined using net asset value (“NAV”) as a practical expedient, or by information categorized in the fair value hierarchy level based on the inputs used to determine fair value. The reported carrying amounts of deferred compensation plan assets and liabilities and debt approximate their fair values. The Company uses interest rates and other relevant information generated by market transactions involving similar instruments to measure the fair value of these assets and liabilities, therefore all are classified as Level 2 within the valuation hierarchy. Net Asset Value Quoted Market Significant Other Significant As of June 30, 2022 Assets: Pension plan Cash $ — $ 316 $ — $ — Global Multi-Asset Fund 12,639 — — — Government Securities 1,459 — — — Liability Driven Investment 4,275 — — — Guernsey Unit Trust 2,255 — — — Global Absolute Return 1,418 — — — Deferred compensation plan assets Cash — 1,034 — — Mutual Funds — 13,106 — — Earn-out assets related to acquisitions — — — 10,543 Interest rate swaps — — 36,500 — Foreign currency forward contracts — — 107 — Liabilities: Pension plan — — (41,483) — Deferred compensation plan liabilities — — (20,361) — Total return swaps—deferred compensation — — (137) — Long‑term debt — — (928,629) — Foreign currency forward contracts — — (75) — Commodity swaps — — (7) — Net Asset Value Quoted Market Significant Other Significant As of September 30, 2021 Assets: Pension plan Cash $ — $ 831 $ — $ — Global Multi-Asset Fund 15,244 — — — Government Securities 5,158 — — — Liability Driven Investment 2,793 — — — Guernsey Unit Trust 2,387 — — — Global Absolute Return 2,225 — — — Deferred compensation plan assets Cash — 1,251 — — Mutual Funds — 17,806 — — Interest rate swaps — — 3,127 — Foreign currency forward contracts — — 24 — Liabilities: Pension plan — — (46,013) — Deferred compensation plan liabilities — — (24,382) — Total return swaps—deferred compensation — — (130) — Long‑term debt — — (752,988) — Interest rate swaps — — (303) — Foreign currency forward contracts — — (102) — Commodity swaps — — (19) — Earn-out liabilities related to acquisitions — — — (150) Purchase Right — — — (8,305) The pension plan assets and liabilities and deferred compensation plan assets and liabilities are included in Other non‑current assets and Other non‑current liabilities at June 30, 2022 and September 30, 2021. The unrealized loss on mutual funds was $2,111 at June 30, 2022. The Company records contingent consideration arrangements at fair value on a recurring basis, and the associated balances presented as of June 30, 2022 and September 30, 2021 are earn-outs related to acquisitions. The fair value of earn-outs related to acquisitions is based on significant unobservable inputs including the achievement of certain performance metrics. Significant changes in these inputs would result in corresponding increases or decreases in the fair value of the earn-out each period until the related contingency has been resolved. Changes in the fair value of the contingent consideration obligations and assets can result from adjustments in the probability of achieving future development steps, sales targets and profitability and are recorded in General and administrative expenses in the Unaudited Consolidated Statements of Operations. During the three and nine months ended June 30, 2022, the Company recorded a decrease in the fair value of the earn-out liability related to the prior year acquisition of Water Consulting Specialists, Inc. (“WCSI”) of $25 and $150, respectively. As a result of the Mar Cor Business acquisition on January 3, 2022, the Company recorded an Earn Out asset for $7,824 which represented the fair value of amounts expected to be received back from escrow based on the forecasted achievement of certain sales performance goals at the acquisition date. During the three and nine months ended June 30, 2022, the Company recorded an increase in the fair value of the Earn Out asset of $2,719 based on updated forecast information. As of June 30, 2022 and September 30, 2021, earn-out liabilities related to acquisitions totaled $0 and $150, respectively, and are included in Accrued expenses and other liabilities on the Consolidated Balance Sheets. As of June 30, 2022 and September 30, 2021, earn-out assets related to

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Accounts receivable	Accounts Receivable Accounts receivable are summarized as follows: June 30, September 30, Accounts receivable $ 300,121 $ 282,819 Allowance for credit losses (6,650) (4,824) Receivables, net $ 293,471 $ 277,995 The movement in the allowance for credit losses was as follows for the nine months ended June 30, 2022: Balance at September 30, 2021 $ (4,824) Charged to costs and expenses (1,423) Write-offs 190 Foreign currency and other (593) Balance at June 30, 2022 $ (6,650)

Inventories

Inventories	9 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The major classes of Inventories, net are as follows: June 30, September 30, Raw materials and supplies $ 119,853 $ 86,469 Work in progress 36,296 19,842 Finished goods and products held for resale 85,709 59,624 Costs of unbilled projects 2,909 2,277 Reserves for excess and obsolete (12,308) (9,709) Inventories, net $ 232,459 $ 158,503

Property, Plant, and Equipment

Property, Plant, and Equipment	9 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant, and Equipment Property, plant, and equipment consists of the following: June 30, September 30, Machinery and equipment $ 401,670 $ 388,352 Rental equipment 261,644 246,257 Land and buildings 77,473 70,048 Construction in process 71,303 59,737 812,090 764,394 Less: accumulated depreciation (411,723) (389,406) Property, plant, and equipment, net $ 400,367 $ 374,988 The Company entered into secured financing agreements that require providing a security interest in specified equipment and, in some cases, the underlying contract. As of June 30, 2022 and September 30, 2021, the gross and net amounts of those assets are as follows: June 30, September 30, Gross Net Gross Net Machinery and equipment $ 86,133 $ 63,931 $ 73,632 $ 57,036 Construction in process 44,121 44,121 30,504 30,504 $ 130,254 $ 108,052 $ 104,136 $ 87,540 Depreciation expense and maintenance and repairs expense for the three and nine months ended June 30, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Depreciation expense $ 21,089 $ 19,170 $ 61,131 $ 56,450 Maintenance and repair expense 7,808 4,603 21,402 14,565

Goodwill

Goodwill	9 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Changes in the carrying amount of goodwill are as follows: Integrated Solutions and Services Applied Product Technologies Total Balance at September 30, 2021 $ 233,830 $ 173,546 $ 407,376 Business combinations and divestitures 68,708 (34) 68,674 Foreign currency translation (701) (3,661) (4,362) Balance at June 30, 2022 $ 301,837 $ 169,851 $ 471,688 As of June 30, 2022 and September 30, 2021, $223,834 and $159,730, respectively, of goodwill was deductible for tax purposes.

Debt

Debt	6 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Long‑term debt, including accrued interest, consists of the following: June 30, September 30, 2021 Term Loan, due April 1, 2028 (1) $ 470,250 $ 473,837 2021 Revolving Credit Facility, due April 1, 2026 (2) 211,113 37,268 Securitization Facility, due April 1, 2024 (3) 138,013 150,061 Equipment Financing, due September 30, 2023 to July 31, 2029, interest rates ranging from 3.59% to 8.07% 116,796 93,375 Notes Payable, due July 31, 2023 (4) — 402 Total debt 936,172 754,943 Less unamortized deferred financing fees (10,345) (11,738) Total net debt 925,827 743,205 Less current portion (16,064) (12,775) Total long‑term debt $ 909,763 $ 730,430 (1) The interest rate on the 2021 Term Loan was 3.56% as of June 30, 2022, comprised of 1.06% LIBOR plus a 2.50% spread. Includes accrued interest of $0 and $25 at June 30, 2022 and September 30, 2021, respectively. (2) The 2021 Revolving Credit Facility includes $206,000 outstanding with an interest rate of 3.64% as of June 30, 2022, comprised of 1.69% LIBOR plus a 1.95% spread, and $5,000 outstanding with an interest rate of 5.70%. as of June 30, 2022, comprised of 4.75% Prime Rate plus a 0.95% spread. During the nine months ended June 30, 2022, the spread on the 2021 Revolving Credit Facility was reduced from 2.25% at September 30, 2021 as a result of a Sustainability Pricing Adjustment per the 2021 Credit Agreement. Includes accrued interest of $113 and $268, at June 30, 2022 and September 30, 2021, respectively. (3) The interest rate on the Securitization Facility was 3.04% as of June 30, 2022, comprised of 1.79% LIBOR plus a 1.25% spread. Includes accrued interest of $113 and $61 at June 30, 2022 and September 30, 2021, respectively. (4) In March 2022, the outstanding balance of the Notes Payable due July 31, 2023, was repaid in conjunction with the Company’s acquisition of TWO. See Note 4, “Acquisitions and Divestitures” for further discussion. 2021 Credit Agreement On April 1, 2021, EWT III entered into a Credit Agreement (the “2021 Credit Agreement”) among EWT III, as borrower, EWT II, as parent guarantor, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and ING Capital, LLC, as sustainability coordinator. The 2021 Credit Agreement provides for a multi-currency senior secured revolving credit facility in an aggregate principal amount not to exceed the U.S. dollar equivalent of $350,000 (the “2021 Revolving Credit Facility”) and a discounted senior secured term (the “2021 Term Loan”) in the amount of $475,000 (together with the 2021 Revolving Credit Facility, the “Senior Facilities”). The 2021 Credit Agreement also provides for a letter of credit sub-facility not to exceed $60,000. The 2021 Credit Agreement contains customary representations, warranties, affirmative covenants, and negative covenants, including, among other things, a springing maximum first lien leverage ratio of 5.55 to 1.00. The Company did not exceed this ratio during the nine months ended June 30, 2022, does not anticipate exceeding this ratio during the year ending September 30, 2022, and therefore does not anticipate any additional repayments during the year ending September 30, 2022. The following table summarizes the amount of the Company’s outstanding borrowings and outstanding letters of credit under the 2021 Revolving Credit Facility as of June 30, 2022 and September 30, 2021. June 30, September 30, Borrowing availability $ 350,000 $ 350,000 Outstanding borrowings 211,000 37,000 Outstanding letters of credit 9,529 10,112 Unused amounts $ 129,471 $ 302,888 Receivables Securitization Program On April 1, 2021, Evoqua Finance LLC (“Evoqua Finance”), an indirect wholly-owned subsidiary of the Company, entered into an accounts receivable securitization program (the “Receivables Securitization Program”) consisting of, among other agreements, (i) a Receivables Financing Agreement (the “Receivables Financing Agreement”) among Evoqua Finance, as the borrower, the lenders from time to time party thereto (the “Receivables Financing Lenders”), PNC Bank, National Association (“PNC Bank”), as administrative agent, EWT LLC, as initial servicer, and PNC Capital Markets LLC (“PNC Markets”), as structuring agent, pursuant to which the lenders have made available to Evoqua Finance a receivables finance facility (the “Securitization Facility”) in an amount up to $150,000 and (ii) a Sale and Contribution Agreement (the “Sale Agreement”) among Evoqua Finance, as purchaser, EWT LLC, as initial servicer and as an originator, and Neptune Benson, Inc., an indirectly wholly-owned subsidiary of the Company, as an originator (together with EWT LLC, the “Originators”). The Receivables Securitization Program contains certain customary representations, warranties, affirmative covenants, and negative covenants, subject to certain cure periods in some cases, including the eligibility of the receivables being sold by the Originators and securing the loans made by the Receivables Financing Lenders, as well as customary reserve requirements, events of default, termination events, and servicer defaults. The Company was in compliance with all covenants during the nine months ended June 30, 2022, does not anticipate becoming noncompliant during the year ending September 30, 2022, and therefore, subject to limitations arising from collateral availability, does not anticipate any additional repayments during the year ending September 30, 2022. Equipment Financings During the nine months ended June 30, 2022, the Company completed the following equipment financings: Date Entered Due Interest Rate as of June 30, 2022 Principal Amount June 30, 2022 July 31, 2029 (1) 4.81 % $ 12,356 June 30, 2022 May 31, 2029 (2) 4.25 % 4,086 March 18, 2022 March 17, 2029 4.67 % 1,839 March 16, 2022 July 31, 2029 (1) 4.81 % 1,317 March 15, 2022 April 1, 2029 4.74 % 4,788 December 30, 2021 December 30, 2028 3.94 % 2,207 December 23, 2021 July 31, 2029 (1) 4.81 % 3,742 $ 30,335 (1) Represents an advance received from the lender on a multiple draw term loan in which the Company is making interest only payments through August 1, 2022 based on an interest rate of 4.81% including a 1.06% LIBOR plus a 3.75% spread as of June 30, 2022. The Company entered into an interest rate swap with an effective date of August 1, 2022 to mitigate risk associated with this variable rate equipment financing, see Note 12, “Derivative Financial Instruments” for further discussion. (2) Represents an advance received from the lender on a multiple draw term loan in which the Company is making interest only payments through December 30, 2022 based on a 1.50% Secured Overnight Financing Rate plus a 2.75% spread. Deferred Financing Fees and Discounts Deferred financing fees and discounts related to the Company’s long-term debt were included as a contra liability to debt on the Consolidated Balance Sheets as follows: June 30, September 30, Current portion of deferred financing fees and discounts (1) $ (1,891) $ (1,866) Long-term portion of deferred financing fees and discounts (2) (8,454) (9,872) Total deferred financing fees and discounts $ (10,345) $ (11,738) (1) Included in Current portion of debt, net of deferred financing fees and discounts on the Consolidated Balance Sheets. (2) Included in Long-term debt, net of deferred financing fees and discounts on the Consolidated Balance Sheets. Amortization of deferred financing fees and discounts included in interest expense was $467 and $437 for the three months ended June 30, 2022 and 2021 and $1,393 and $1,481 for the nine months ended June 30, 2022 and 2021, respectively. Repayment Schedule Aggregate maturities of all long‑term debt, including current portion of long‑term debt and excluding finance lease obligations as of June 30, 2022, are presented below: Fiscal Year Remainder of 2022 $ 4,293 2023 18,215 2024 155,025 2025 18,714 2026 22,030 Thereafter 717,895 Total $ 936,172

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Financial Instruments Interest Rate Risk Management The Company is subject to market risk exposure arising from changes in interest rates on the senior secured credit facilities as well as variable rate equipment financings, which bear interest at rates that are indexed against LIBOR. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to mitigate its exposure to rising interest rates. As of June 30, 2022, the notional amount of the Company’s interest rate swaps was $531,000. Foreign Currency Risk Management The Company’s functional currency is the U.S. dollar. By operating internationally, the Company is subject to foreign currency translation risk associated with converting the foreign operations’ financial statements into U.S. dollars transactions denominated in currencies other than the U.S. dollar (“foreign currencies”). The Company is also subject to currency risk from transactions denominated in foreign currencies. To mitigate cross-currency transaction risk, the Company analyzes significant exposures where it has receipts or payments in a currency other than the functional currency of its operations, and from time to time may strategically enter into short-term foreign currency forward contracts to lock in some or all of the cash flows associated with these transactions. The Company uses foreign currency derivative contracts in order to manage the effect of exchange fluctuations on forecasted sales and purchases that are denominated in foreign currencies. To mitigate the impact of foreign exchange rate risk, the Company entered into a series of forward contracts designated as cash flow hedges. As of June 30, 2022, the notional amount of the forward contracts was $14,025. Equity Price Risk Management The Company is exposed to variability in compensation charges related to certain deferred compensation obligations to employees. Equity price movements affect the compensation expense as certain investments made by the Company’s employees in the deferred compensation plan are revalued. Although not designated as accounting hedges, the Company utilizes derivatives such as total return swaps to economically hedge a portion of this exposure and offset the related compensation expense. As of June 30, 2022, the notional amount of the total return swaps was $4,966. Credit Risk Management The counterparties to the Company’s derivative contracts are highly-rated financial institutions. The Company regularly reviews the creditworthiness of its financial counterparties and fully expects the counterparties to perform under their respective agreements. The Company is not subject to any obligations to post collateral under derivative instrument contracts. The Company records all derivative instruments on a gross basis in the Consolidated Balance Sheets. Accordingly, there are no offsetting amounts that net assets against liabilities. Derivatives Designated as Cash Flow Hedges The following represents the fair value recorded for derivatives designated as cash flow hedges for the periods presented: Asset Derivatives Balance Sheet Location June 30, September 30, Interest rate swaps Prepaid and other current assets $ 13,656 $ 3,127 Foreign currency forward contracts Prepaid and other current assets 43 6 Interest rate swaps Other non‑current assets 22,844 — Liability Derivatives Balance Sheet Location June 30, September 30, Interest rate swaps Accrued expenses and other current liabilities $ — $ 303 Foreign currency forward contracts Accrued expenses and other current liabilities 75 102 Commodity swaps Accrued expenses and other current liabilities 7 19 The following represents the amount of gain (loss) recognized in Accumulated other comprehensive income (loss) (“AOCI”) (net of tax) during the periods presented: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Interest rate swaps $ 5,798 $ (4,157) $ 32,746 $ 5,111 Foreign currency forward contracts (135) 67 (53) (265) Commodity swaps (16) (16) 12 (16) $ 5,647 $ (4,106) $ 32,705 $ 4,830 The following represents the amount of (loss) gain reclassified from AOCI into earnings during the periods presented: Three Months Ended Nine Months Ended Location of (Loss) Gain 2022 2021 2022 2021 Cost of product sales and services $ (25) $ 9 $ (104) $ (4) General and administrative expense — — (7) (72) Selling and marketing expense — — — (39) Interest expense 237 (591) (930) (1,624) $ 212 $ (582) $ (1,041) $ (1,739) Based on the fair value amounts of the Company’s cash flow hedges at June 30, 2022, the Company expects that approximately $26 of pre-tax net gains will be reclassified from AOCI into earnings during the next twelve months. The amount ultimately realized, however, will differ as exchange rates vary and the underlying contracts settle. Derivatives Not Designated as Hedging Instruments The following represents the fair value recorded for derivatives not designated as cash flow hedges for the periods presented: Asset Derivatives Balance Sheet Location June 30, September 30, Foreign currency forward contracts Prepaid and other current assets $ 64 $ 18 Liability Derivatives Balance Sheet Location June 30, September 30, Total return swaps—deferred compensation Accrued expenses and other current liabilities $ 137 $ 130 The following represents the amount of loss recognized in earnings for derivatives not designated as hedges during the periods presented: Three Months Ended Nine Months Ended Location of Loss 2022 2021 2022 2021 General and administrative expense $ (793) $ — $ (834) $ — $ (793) $ — $ (834) $ —

Product Warranties

Product Warranties	9 Months Ended
	Jun. 30, 2022
Guarantees and Product Warranties [Abstract]
Product warranties	Product Warranties A reconciliation of the activity related to the accrued warranty, including both the current and long‑term portions, is as follows: Current Product Warranties Non-Current Product Warranties Nine Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of the period $ 8,138 $ 6,115 $ 2,966 $ 1,724 Warranty provision for sales 4,705 5,680 1,772 1,577 Settlement of warranty claims (4,987) (3,826) (593) (701) Foreign currency translation and other (658) 94 (151) 29 Balance at end of the period $ 7,198 $ 8,063 $ 3,994 $ 2,629

Restructuring and Related Charg

Restructuring and Related Charges	9 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring and related charges	Restructuring and Related Charges To better align its resources with its growth strategies and reduce its cost structure, the Company commits to various restructuring plans as necessary. The Company has undertaken various restructuring initiatives, including activities to reduce the cost structure and rationalize location footprint following the sale of the Memcor product line, transitioning from a three-segment structure to a two-segment operating model designed to better serve the needs of customers worldwide, and various initiatives within the Integrated Solutions and Services segment to drive efficiency and effectiveness in certain divisions. The Company currently expects to incur in future periods approximately $2,700 to $3,700 of costs related to restructuring programs initiated in prior periods. The table below sets forth the amounts accrued for the restructuring components and related activity: Nine Months Ended 2022 2021 Balance at beginning of the period $ 304 $ 970 Restructuring charges following the sale of the Memcor product line 942 4,649 Restructuring charges related to two-segment realignment 413 830 Restructuring charges related to other initiatives 3,232 1,856 Release of prior reserves (290) (296) Write off charges — (966) Cash payments (3,551) (6,349) Other adjustments (6) 8 Balance at end of the period $ 1,044 $ 702 The balances for accrued restructuring liabilities at June 30, 2022 and September 30, 2021, are recorded in Accrued expenses and other liabilities on the Consolidated Balance Sheets. Restructuring charges primarily represent severance charges and other employee costs, fixed asset write-offs, and certain relocation expenses. The Company expects to pay the remaining amounts accrued as of June 30, 2022 during the remainder of fiscal 2022. The table below sets forth the location of amounts recorded above on the Unaudited Consolidated Statements of Operations: Nine Months Ended 2022 2021 Cost of product sales and services $ 1,352 $ 4,341 General and administrative expense 2,403 1,675 Sales and marketing expense 83 348 Research and development expense 1 (15) Other operating expense, net 458 690 $ 4,297 $ 7,039

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Employee benefit plans	Employee Benefit Plans The Company maintains multiple employee benefit plans. Certain of the Company’s employees in the UK were participants in a Siemens defined benefit plan established for employees of a UK-based operation acquired by Siemens in 2004. The plan was frozen with respect to future service credits for active employees, however the benefit formula recognized future compensation increases. The Company agreed to establish a replacement defined benefit plan, with the assets of the Siemens scheme transferring to the new scheme on April 1, 2015. The Company’s employees in Germany also participate in a defined benefit plan. Assets equaling the plan’s accumulated benefit obligation were transferred to a German defined benefit plan sponsored by the Company upon the acquisition of EWT from Siemens. The German entity also sponsors a defined benefit plan for a small group of employees located in France. The components of net periodic benefit cost for the plans were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Service cost $ 215 $ 287 $ 674 $ 858 Interest cost 100 81 315 240 Expected return on plan assets (122) (88) (383) (262) Amortization of actuarial losses 156 266 491 640 Pension expense for defined benefit plans $ 349 $ 546 $ 1,097 $ 1,476 The components of pension expense, other than the service cost component which is included in General and administrative expense, are included in the line item Other operating expense in the Unaudited Consolidated Statements of Operations.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Year-to-date income tax expense or benefit is the product of the most current projected annual effective tax rate (“PAETR”) and the actual year-to-date pretax income (loss) adjusted for any discrete tax items. The income tax expense or benefit for a particular quarter, except for the first quarter, is the difference between the year-to-date calculation of income tax expense or benefit and the year-to-date calculation for the prior quarter. Items unrelated to current period ordinary income or (loss) are recognized entirely in the period identified as a discrete item of tax. Annual Effective Tax Rate The PAETR, which excludes the impact of discrete items, was 23.1% and 19.7% as of the nine months ended June 30, 2022 and 2021, respectively. For the nine months ended June 30, 2022, the PAETR was higher than the U.S. federal statutory rate of 21.0% primarily due to the mix of earnings between countries, most of which have higher statutory rates than the U.S., which was mostly offset by the impact of maintaining a valuation allowance that is provided on U.S. deferred tax assets. The current year PAETR was higher than the prior year’s rate due to an increase in projected pretax book income in countries with higher statutory tax rates. The Company continues to maintain a full valuation allowance on U.S. federal and state net deferred tax assets (excluding the tax effects of deferred tax liabilities associated with indefinite lived intangibles) for the period ending June 30, 2022 as a result of pretax losses incurred since the Company’s inception in early 2014. The Company believes it is prudent to retain a valuation allowance until a more consistent pattern of earnings is established and net operating loss carryforwards begin to be utilized. Current and Prior Period Tax Expense For the three months ended June 30, 2022, the Company recognized income tax expense of $5,027 on pretax income of $22,590. The rate of 22.3% differed from the U.S. statutory rate of 21.0% as the mix of earnings between countries, most of which have higher statutory tax rates than the U.S., was mostly offset by the impact of maintaining a U.S. valuation allowance that is provided on U.S. deferred tax assets. For the three months ended June 30, 2021, the Company recognized income tax expense of $3,887 on pretax income of $17,086. The rate of 22.7% differed from the U.S. statutory rate of 21.0% principally due to the impact of maintaining a U.S. valuation allowance against U.S. deferred tax assets. For the nine months ended June 30, 2022, the Company recognized income tax expense of $8,896 on pretax income of $39,921. The rate of 22.3% differed from the U.S. statutory rate of 21.0% as the mix of earnings between countries, most of which have higher statutory tax rates than the U.S., was mostly offset by the impact of maintaining a U.S. valuation allowance that is provided on U.S. deferred tax assets.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share Based Compensation	Share-Based Compensation The Company designs equity compensation plans to attract and retain employees while also aligning employees’ interests with the interests of the Company’s shareholders. In addition, members of the Company’s Board of Directors (the “Board”) participate in equity compensation plans in connection with their service on the Board. The Company established the Evoqua Water Technologies Corp. Stock Option Plan (the “Stock Option Plan”) on March 6, 2014 . The plan allows certain management employees and the Board to purchase shares in the Company. Under the Stock Option Plan, the number of shares available for award was 11,083. As of June 30, 2022, there were approximately 2,177 shares available for future grants, however, the Company does not currently intend to make additional grants under the Stock Option Plan. In connection with the IPO, the Board adopted, and the Company’s shareholders approved, the Evoqua Water Technologies Corp. 2017 Equity Incentive Plan (the “Equity Incentive Plan”), under which equity awards may be granted in the form of options, restricted stock, restricted stock units (“RSUs”), stock appreciation rights, dividend equivalent rights, share awards, and performance-based awards (including performance share units and performance-based restricted stock). During the nine months ended June 30, 2022, the Company granted RSUs and performance share units under the Equity Incentive Plan to certain employees of the Company. The final number of performance share units that may be earned is dependent on the Company’s achievement of performance goals related to organic revenue growth dollars and average adjusted EBITDA margin over a three-year measurement period ending September 30, 2024. The final number of performance share units that may be earned is also subject to a total stockholder return (“TSR”) modifier, which operates by increasing or decreasing the total number of shares earned by up to 25% based on the Company’s TSR relative to the TSR of the U.S. constituents of the S&P Global Water Index. In order to receive shares earned at the end of the performance period, the recipient must remain employed by the Company or its subsidiaries through the end of the three As of June 30, 2022, there were approximately 3,958 shares available for grants under the Equity Incentive Plan. Outstanding option awards vest ratably at 25% per year, and are exercisable at the time of vesting. The options granted have a ten A summary of the stock option activity as of June 30, 2022 is presented below: (In thousands, except per share amounts) Options Weighted Average Exercise Price/Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2021 5,090 $ 13.87 5.9 years $ 120,611 Granted 2 46.75 Exercised (529) 10.57 Forfeited (32) 20.94 Outstanding at June 30, 2022 4,531 $ 14.21 5.3 years $ 82,939 Options exercisable at June 30, 2022 3,477 $ 11.97 4.5 years $ 71,433 Options vested and expected to vest at June 30, 2022 4,516 $ 14.18 5.3 years $ 82,792 The total intrinsic value of options exercised (which is the amount by which the stock price exceeded the exercise price of the options on the date of exercise) during the nine months ended June 30, 2022 was $16,282. A summary of the status of the Company's unvested stock options as of and for the nine months ended June 30, 2022 is presented below. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Unvested at beginning of period 1,901 $ 6.69 Granted 2 24.22 Vested (817) 6.54 Forfeited (32) 6.66 Unvested at end of period 1,054 $ 6.82 The total fair value of options vested during the nine months ended June 30, 2022, was $5,346. The following is a summary of the RSU activity for the nine months ended June 30, 2022. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Outstanding at September 30, 2021 1,209 $ 22.77 Granted 327 44.94 Vested (504) 22.21 Forfeited (37) 26.35 Outstanding at June 30, 2022 995 $ 30.19 Expected to vest at June 30, 2022 966 $ 29.95 The following is a summary of the performance share unit activity for the nine months ended June 30, 2022, assuming target award level. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Unvested at beginning of period 469 $ 16.92 Granted 124 52.50 Unvested at end of period 593 $ 23.39 Expected to vest 551 $ 23.28 Expense Measurement and Recognition The Company recognizes share-based compensation for all currently outstanding awards and, in future periods, will recognize compensation costs for the unvested portion of awards based on grant date fair values. Total share-based compensation expense was $5,818 and $5,526 during the three months ended June 30, 2022 and 2021, respectively, of which $5,750 and $4,228 was non-cash, respectively. Total share-based compensation expense was $17,220 and $11,816 during the nine months ended June 30, 2022 and 2021, respectively, of which $16,339 and $10,461 was non-cash, respectively. The unrecognized compensation expense related to stock options, RSUs, and performance share units (measured at a target award level) was $5,591, $24,133 and $9,905, respectively at June 30, 2022, and is expected to be recognized over a weighted average period of 1.7 years, 1.9 years and 2.0 years, respectively. The Company received $7,921 from the exercise of stock options during the nine months ended June 30, 2022. Employee Stock Purchase Plan Effective October 1, 2018, the Company implemented an employee stock purchase plan (the “ESPP”) which allows employees to purchase shares of the Company’s stock at 85% of the lower of the fair market value on the first or last business day of the applicable six-month offering period. These purchases are offered twice throughout each fiscal year, and are paid by employees through payroll deductions over the respective six month purchase period, at the end of which the stock is transferred to the employees. On December 21, 2018, the Company registered 11,297 shares of common stock, par value $0.01 per share, of which 5,000 are available for future issuance under the ESPP. During the three months ended June 30, 2022 and 2021, the Company incurred compensation expense of $298 and $249, respectively, in salaries and wages with respect to the ESPP, representing the fair value of the discounted price of the shares. During the nine months ended June 30, 2022 and 2021, the Company incurred compensation expense of $717 and $652, respectively. These amounts are included in the total share-based compensation expense above. On October 1, 2021 and April 1, 2022, 60 and 48 shares, respectively, were issued under the ESPP.

Concentration of Credit Risk

Concentration of Credit Risk	9 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
Concentration of credit risk	Concentration of Credit RiskThe Company’s cash and cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are of high credit quality. Accounts receivable are derived from revenue earned from customers located in the U.S. and internationally and generally do not require collateral. The Company’s trade receivables do not represent a significant concentration of credit risk at June 30, 2022 and September 30, 2021 due to the wide variety of customers and markets into which products are sold and their dispersion across geographic areas. The Company does perform ongoing credit evaluations of its customers and maintains an allowance for potential credit losses on trade receivables. As of and for the three and nine months ended June 30, 2022 and 2021, no customer accounted for more than 10% of net sales or net accounts receivable.The Company operates predominantly in nine countries worldwide and provides a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options through its Integrated Solutions and Services and Applied Product Technologies segments. The Company is a multi-national business but its sales and operations are primarily in the U.S. Sales to unaffiliated customers are transacted with the Company location that maintains the customer relationship.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees From time to time, the Company is required to provide letters of credit, bank guarantees, or surety bonds in support of its commitments and as part of the terms and conditions on water treatment projects. In addition, the Company is required to provide letters of credit or surety bonds to the Department of Environmental Protection or equivalent in some states in order to maintain its licenses to handle toxic substances at certain of its water treatment facilities. These financial instruments typically expire after all Company commitments have been met, a period typically ranging from twelve months to ten years, or more in some circumstances. The letters of credit, bank guarantees, or surety bonds are arranged through major banks or insurance companies. In the case of surety bonds, the Company generally indemnifies the issuer for all costs incurred if a claim is made against the bond. The following summarizes the Company’s outstanding letters of credit and surety bonds as of June 30, 2022 and September 30, 2021, respectively. June 30, September 30, Revolving credit capacity $ 60,000 $ 60,000 Letters of credit outstanding 9,529 10,112 Remaining revolving credit capacity $ 50,471 $ 49,888 Surety capacity $ 262,090 $ 250,000 Surety issuances 129,021 147,845 Remaining surety available $ 133,069 $ 102,155 The longest maturity date of letters of credit and surety bonds in effect as of June 30, 2022 was March 20, 2030. Litigation From time to time, as a normal incident of the nature and kind of business in which the Company is engaged, various claims or charges are asserted and litigation is commenced against it arising from or related to: product liability; personal injury; trademarks, trade secrets, or other intellectual property; shareholder disputes; labor and employee disputes; commercial or contractual disputes; breach of warranty; or environmental matters. Claimed amounts may be substantial but may not bear any reasonable relationship to the merits of the claim or the extent of any real risk of court or arbitral awards. While it is not feasible to predict the outcome of these matters with certainty, and some lawsuits, claims, or proceedings may be disposed or decided unfavorably, the Company does not expect that any asserted or un-asserted legal claims or proceedings, individually or in the aggregate, will have a material adverse effect on its results of operations, or financial condition.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	9 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following: June 30, September 30, Salaries, wages, and other benefits $ 67,837 $ 79,110 Obligation under operating leases 14,321 13,316 Obligation under finance leases 12,560 12,093 Deferred revenue 11,499 5,241 Third party commissions 10,464 10,031 Taxes, other than income 6,711 4,575 Insurance liabilities 3,466 3,720 Provisions for litigation 1,446 2,938 Severance payments 1,044 304 Fair value of liability derivatives 219 554 Earn-outs related to acquisitions — 150 Other 32,907 28,335 $ 162,474 $ 160,367

Business Segments

Business Segments	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	Business Segments The Company’s reportable operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. The key factors used to identify these reportable operating segments are the organization and alignment of the Company’s internal operations, the nature of the products and services, and customer type. The Company has two reportable operating segments, Integrated Solutions and Services and Applied Product Technologies. The business segments are described as follows: Integrated Solutions and Services is a group entirely focused on engaging directly with end users through direct sales with a market vertical focus. Integrated Solutions and Services provides tailored services and solutions in collaboration with the customers backed by life‑cycle services including on‑demand water, outsourced water, recycle / reuse, and emergency response service alternatives to improve operational reliability, performance, and environmental compliance. Key offerings within this segment also include equipment systems for industrial needs (influent water, boiler feed water, ultrahigh purity, process water, wastewater treatment, and recycle / reuse), full-scale outsourcing of operations and maintenance, and municipal services, including odor and corrosion control services. Applied Product Technologies is focused on developing product platforms to be sold primarily through third party channels. This segment primarily engages in indirect sales through independent sales representatives, distributors, and aftermarket channels. Applied Product Technologies provides a range of highly differentiated and scalable products and technologies specified by global water treatment designers, original equipment manufacturers (“OEMs”), engineering firms, and integrators. Key offerings within this segment include filtration and separation, disinfection, wastewater solutions, anode and electrochlorination technology, and aquatics technologies and solutions for the global recreational and commercial pool market. Corporate activities include general corporate expenses, elimination of inter-segment transactions, interest income and expense, and certain other charges. Certain other charges may include restructuring and other business transformation charges that have been undertaken to align and reposition the Company to the current reporting structure, acquisition related costs (including transaction costs and certain integration costs), and share-based compensation charges. Since certain administrative and other operating expenses and other items have not been allocated to business segments, the results in the below table are not necessarily a measure computed in accordance with generally accepted accounting principles and may not be comparable to other companies. Reportable operating segment revenue and operating profit for the three and nine months ended June 30, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Total revenue Integrated Solutions and Services $ 310,431 $ 245,414 $ 868,506 $ 690,370 Applied Product Technologies 166,779 149,434 464,137 419,122 Total revenue 477,210 394,848 1,332,643 1,109,492 Intersegment revenue Integrated Solutions and Services 13,020 5,727 31,209 11,832 Applied Product Technologies 24,865 19,440 69,113 59,222 Total intersegment revenue 37,885 25,167 100,322 71,054 Revenue to external customers Integrated Solutions and Services 297,411 239,687 837,297 678,538 Applied Product Technologies 141,914 129,994 395,024 359,900 Total revenue $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 Operating profit (loss) Integrated Solutions and Services $ 39,864 $ 37,793 $ 113,269 $ 94,934 Applied Product Technologies 28,592 22,735 69,412 54,218 Corporate (37,426) (32,218) (117,791) (88,430) Total operating profit 31,030 28,310 64,890 60,722 Interest expense (8,440) (11,224) (24,969) (28,292) Income before income taxes 22,590 17,086 39,921 32,430 Income tax expense (5,027) (3,887) (8,896) (7,672) Net income $ 17,563 $ 13,199 $ 31,025 $ 24,758

Earnings per Share

Earnings per Share	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings per share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings from continuing operations per common share (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Numerator for basic and diluted earnings per common share—Net income attributable to Evoqua Water Technologies Corp. $ 17,563 $ 13,155 $ 30,880 $ 24,624 Denominator: Denominator for basic net income per common share—weighted average shares 121,338 119,015 120,970 119,015 Effect of dilutive securities: Share‑based compensation 3,512 3,245 3,927 3,312 Denominator for diluted net income per common share—adjusted weighted average shares 124,850 122,260 124,897 122,327 Basic earnings attributable to Evoqua Water Technologies Corp. per common share $ 0.14 $ 0.11 $ 0.26 $ 0.21 Diluted earnings attributable to Evoqua Water Technologies Corp. per common share $ 0.14 $ 0.11 $ 0.25 $ 0.20

Subsequent Events

Subsequent Events	9 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 1, 2022, the Company completed the acquisition of Smith Engineering, Inc. (“Smith Engineering”) for $18,878 cash paid at closing. Smith Engineering is a leader in the design, manufacturing, and service of custom high purity water treatment equipment serving the biotech/pharmaceutical, data center, food and beverage, healthcare, medical device, and microelectronics markets. With over 1,200 customers in North America, Smith Engineering offers a variety of water treatment products and services, including filtration, UV, reverse osmosis, and deionization. On July 15, 2022, the Company completed the acquisition of Epicor, Inc. (“Epicor”) for $4,269 cash paid at closing. Epicor has supplied specialty resins for power steam system treatment for fifty years. The resins provide a cost-effective and efficient method for creating and maintaining a continual supply of ultra-pure water for power plants.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	9 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of Presentation The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). All intercompany transactions have been eliminated. Unless otherwise specified, all dollar and share amounts in these notes are referred to in thousands. The interim Unaudited Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such SEC rules. We believe that the disclosures made are adequate to make the information presented not misleading. In our opinion, all adjustments considered necessary for a fair presentation of the financial statements have been included, and all adjustments are of a normal and recurring nature. We consistently applied the accounting policies described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021, as filed with the SEC on November 17, 2021 (“2021 Annual Report”), in preparing these Unaudited Consolidated Financial Statements, with the exception of accounting standard updates described in Note 2, “Recent Accounting Pronouncements.” These Unaudited Consolidated Financial Statements should be read in conjunction with the audited financial statements and the notes included in our 2021 Annual Report. Certain prior period amounts have been reclassified to conform to the current period presentation.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Not Yet Adopted In October 2021, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which amends Accounting Standards Codification (“ASC”) 805 to require an acquirer to, at the date of acquisition, recognize and measure contract assets and contract liabilities acquired in accordance with ASU 2014-9, Revenue from Contracts with Customers (Topic 606) (“Topic 606”) , as if the entity had originated the contracts, rather than adjust them to fair value at the acquisition date. The guidance is effective for fiscal years beginning after December 15, 2022 and is to be applied prospectively to business combinations occurring on or after the effective date of the amendments. The Company is currently assessing the impact of adoption on the Company’s Unaudited Consolidated Financial Statements and related disclosures. Accounting Pronouncements Recently Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , and also issued subsequent amendments to the initial guidance (collectively, “Topic 848”). Topic 848 became effective immediately and expires on December 31, 2022. Topic 848 allows eligible contracts that are modified to be accounted for as a continuation of those contracts, permits companies to preserve their hedge accounting during the transition period and enables companies to make a one-time election to transfer or sell held-to-maturity debt securities that are affected by rate reform. Topic 848 provides optional expedients and exceptions for contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform if certain criteria are met. The Company adopted Topic 848 during the nine months ended June 30, 2022 and the adoption did not have a material impact on the Company’s Unaudited Consolidated Financial Statements and related disclosures.

Investments, Equity Method and

Investments, Equity Method and Joint Ventures (Tables)	9 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Balance Sheet and Summarized Financial Information	The following provides a summary of TWO’s balance sheet as of September 30, 2021, and summarized financial information for the three and nine months ended June 30, 2021, and the nine months ended June 30, 2022. As a result of the acquisition of the remaining partnership interest in TWO on April 1, 2022, there is no summarized financial information for the three months ended June 30, 2022. September 30, Current assets (includes cash of $1,380) $ 3,202 Property, plant, and equipment 903 Goodwill 2,206 Total liabilities (1,009) Three Months Ended Nine Months Ended 2021 2022 2021 Total revenue $ 843 $ 1,641 $ 2,511 Total operating expenses (748) (1,440) (2,217) Income from operations $ 95 $ 201 $ 294 The following provides a summary of Frontier’s balance sheet as of September 30, 2021, and summarized financial information for the three and nine months ended June 30, 2021, and the nine months ended June 30, 2022. As a result of the acquisition of the remaining equity interest in Frontier on April 1, 2022, there is no summarized financial information for the three months ended June 30, 2022. September 30, Current assets (includes cash of $2,095) $ 12,495 Property, plant, and equipment 2,113 Goodwill 1,798 Intangible assets, net 8,265 Total liabilities (9,425) Three Months Ended Nine Months Ended 2021 2022 2021 Total revenue $ 4,945 $ 13,363 $ 7,793 Total operating expenses (4,448) (12,135) (8,587) Income (loss) from operations $ 497 $ 1,228 $ (794)

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	9 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Preliminary Opening Balance Sheet	These preliminary estimates are subject to revision during the measurement period as additional analyses are performed and third-party valuations are finalized, and these differences could have a material impact on the accounting for the business combination. Receivables, net $ 21,275 Inventories, net 32,479 Earn Out asset 7,824 Other current assets 1,732 Property, plant, and equipment, net 19,343 Goodwill 68,714 Intangible assets, net 57,094 Other non-current assets 7,434 Total assets acquired 215,895 Current liabilities (15,377) Non-current liabilities (5,542) Total liabilities assumed (20,919) Net assets acquired $ 194,976

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Information regarding the source of revenue: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Revenue from contracts with customers recognized under Topic 606 $ 396,354 $ 320,218 $ 1,096,883 $ 903,325 Other (1) 42,971 49,463 135,438 135,113 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 (1) Other revenue relates to revenue recognized pursuant to ASU 2016-02, Leases (Topic 842) , primarily attributable to long term rentals. Information regarding revenue disaggregated by source of revenue and segment is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Integrated Solutions and Services Capital $ 72,535 $ 63,336 $ 210,339 $ 166,055 Aftermarket 59,033 31,852 150,602 91,499 Service 165,843 144,499 476,356 420,984 Total $ 297,411 $ 239,687 $ 837,297 $ 678,538 Applied Product Technologies Capital $ 98,782 $ 92,692 $ 274,444 $ 259,877 Aftermarket 37,607 30,547 104,915 83,477 Service 5,525 6,755 15,665 16,546 Total $ 141,914 $ 129,994 $ 395,024 $ 359,900 Total Revenue Capital $ 171,317 $ 156,028 $ 484,783 $ 425,932 Aftermarket 96,640 62,399 255,517 174,976 Service 171,368 151,254 492,021 437,530 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 Information regarding revenue disaggregated by geographic area is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 United States $ 362,268 $ 291,113 $ 1,009,615 $ 829,925 Asia 32,996 31,987 91,943 81,568 Europe 28,122 28,749 82,392 81,561 Canada 13,422 14,210 39,831 36,025 Australia 2,517 3,622 8,540 9,359 Total $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438
Contract with Customer, Asset and Liability	The tables below provide a roll-forward of contract assets and contract liabilities balances for the periods presented: Nine Months Ended Contract assets (a) 2022 2021 Balance at beginning of period $ 72,746 $ 80,759 Recognized in current period 294,794 232,750 Reclassified to accounts receivable (265,324) (244,766) Foreign currency (317) 600 Balance at end of period $ 101,899 $ 69,343 (a) Excludes receivable balances which are disclosed on the Consolidated Balance Sheets. Nine Months Ended Contract Liabilities 2022 2021 Balance at beginning of period $ 55,883 $ 26,259 Recognized in current period 271,227 245,049 Amounts in beginning balance reclassified to revenue (44,718) (18,496) Current period amounts reclassified to revenue (215,366) (216,972) Foreign currency (83) 1,075 Balance at end of period $ 66,943 $ 36,915

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company’s financial assets and liabilities at fair value. The fair values related to the pension plan assets are determined using net asset value (“NAV”) as a practical expedient, or by information categorized in the fair value hierarchy level based on the inputs used to determine fair value. The reported carrying amounts of deferred compensation plan assets and liabilities and debt approximate their fair values. The Company uses interest rates and other relevant information generated by market transactions involving similar instruments to measure the fair value of these assets and liabilities, therefore all are classified as Level 2 within the valuation hierarchy. Net Asset Value Quoted Market Significant Other Significant As of June 30, 2022 Assets: Pension plan Cash $ — $ 316 $ — $ — Global Multi-Asset Fund 12,639 — — — Government Securities 1,459 — — — Liability Driven Investment 4,275 — — — Guernsey Unit Trust 2,255 — — — Global Absolute Return 1,418 — — — Deferred compensation plan assets Cash — 1,034 — — Mutual Funds — 13,106 — — Earn-out assets related to acquisitions — — — 10,543 Interest rate swaps — — 36,500 — Foreign currency forward contracts — — 107 — Liabilities: Pension plan — — (41,483) — Deferred compensation plan liabilities — — (20,361) — Total return swaps—deferred compensation — — (137) — Long‑term debt — — (928,629) — Foreign currency forward contracts — — (75) — Commodity swaps — — (7) — Net Asset Value Quoted Market Significant Other Significant As of September 30, 2021 Assets: Pension plan Cash $ — $ 831 $ — $ — Global Multi-Asset Fund 15,244 — — — Government Securities 5,158 — — — Liability Driven Investment 2,793 — — — Guernsey Unit Trust 2,387 — — — Global Absolute Return 2,225 — — — Deferred compensation plan assets Cash — 1,251 — — Mutual Funds — 17,806 — — Interest rate swaps — — 3,127 — Foreign currency forward contracts — — 24 — Liabilities: Pension plan — — (46,013) — Deferred compensation plan liabilities — — (24,382) — Total return swaps—deferred compensation — — (130) — Long‑term debt — — (752,988) — Interest rate swaps — — (303) — Foreign currency forward contracts — — (102) — Commodity swaps — — (19) — Earn-out liabilities related to acquisitions — — — (150) Purchase Right — — — (8,305)

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable are summarized as follows: June 30, September 30, Accounts receivable $ 300,121 $ 282,819 Allowance for credit losses (6,650) (4,824) Receivables, net $ 293,471 $ 277,995
Accounts Receivable, Allowance for Credit Loss	The movement in the allowance for credit losses was as follows for the nine months ended June 30, 2022: Balance at September 30, 2021 $ (4,824) Charged to costs and expenses (1,423) Write-offs 190 Foreign currency and other (593) Balance at June 30, 2022 $ (6,650)

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	The major classes of Inventories, net are as follows: June 30, September 30, Raw materials and supplies $ 119,853 $ 86,469 Work in progress 36,296 19,842 Finished goods and products held for resale 85,709 59,624 Costs of unbilled projects 2,909 2,277 Reserves for excess and obsolete (12,308) (9,709) Inventories, net $ 232,459 $ 158,503

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	9 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant, and equipment consists of the following: June 30, September 30, Machinery and equipment $ 401,670 $ 388,352 Rental equipment 261,644 246,257 Land and buildings 77,473 70,048 Construction in process 71,303 59,737 812,090 764,394 Less: accumulated depreciation (411,723) (389,406) Property, plant, and equipment, net $ 400,367 $ 374,988 Depreciation expense and maintenance and repairs expense for the three and nine months ended June 30, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Depreciation expense $ 21,089 $ 19,170 $ 61,131 $ 56,450 Maintenance and repair expense 7,808 4,603 21,402 14,565
Schedule of Financial Instruments Owned and Pledged as Collateral	June 30, September 30, Gross Net Gross Net Machinery and equipment $ 86,133 $ 63,931 $ 73,632 $ 57,036 Construction in process 44,121 44,121 30,504 30,504 $ 130,254 $ 108,052 $ 104,136 $ 87,540

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill are as follows: Integrated Solutions and Services Applied Product Technologies Total Balance at September 30, 2021 $ 233,830 $ 173,546 $ 407,376 Business combinations and divestitures 68,708 (34) 68,674 Foreign currency translation (701) (3,661) (4,362) Balance at June 30, 2022 $ 301,837 $ 169,851 $ 471,688

Debt (Tables)

Debt (Tables)	6 Months Ended	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments		Long‑term debt, including accrued interest, consists of the following: June 30, September 30, 2021 Term Loan, due April 1, 2028 (1) $ 470,250 $ 473,837 2021 Revolving Credit Facility, due April 1, 2026 (2) 211,113 37,268 Securitization Facility, due April 1, 2024 (3) 138,013 150,061 Equipment Financing, due September 30, 2023 to July 31, 2029, interest rates ranging from 3.59% to 8.07% 116,796 93,375 Notes Payable, due July 31, 2023 (4) — 402 Total debt 936,172 754,943 Less unamortized deferred financing fees (10,345) (11,738) Total net debt 925,827 743,205 Less current portion (16,064) (12,775) Total long‑term debt $ 909,763 $ 730,430 (1) The interest rate on the 2021 Term Loan was 3.56% as of June 30, 2022, comprised of 1.06% LIBOR plus a 2.50% spread. Includes accrued interest of $0 and $25 at June 30, 2022 and September 30, 2021, respectively. (2) The 2021 Revolving Credit Facility includes $206,000 outstanding with an interest rate of 3.64% as of June 30, 2022, comprised of 1.69% LIBOR plus a 1.95% spread, and $5,000 outstanding with an interest rate of 5.70%. as of June 30, 2022, comprised of 4.75% Prime Rate plus a 0.95% spread. During the nine months ended June 30, 2022, the spread on the 2021 Revolving Credit Facility was reduced from 2.25% at September 30, 2021 as a result of a Sustainability Pricing Adjustment per the 2021 Credit Agreement. Includes accrued interest of $113 and $268, at June 30, 2022 and September 30, 2021, respectively. (3) The interest rate on the Securitization Facility was 3.04% as of June 30, 2022, comprised of 1.79% LIBOR plus a 1.25% spread. Includes accrued interest of $113 and $61 at June 30, 2022 and September 30, 2021, respectively. (4) In March 2022, the outstanding balance of the Notes Payable due July 31, 2023, was repaid in conjunction with the Company’s acquisition of TWO. See Note 4, “Acquisitions and Divestitures” for further discussion.
Schedule of Line of Credit Facilities		The following table summarizes the amount of the Company’s outstanding borrowings and outstanding letters of credit under the 2021 Revolving Credit Facility as of June 30, 2022 and September 30, 2021. June 30, September 30, Borrowing availability $ 350,000 $ 350,000 Outstanding borrowings 211,000 37,000 Outstanding letters of credit 9,529 10,112 Unused amounts $ 129,471 $ 302,888 The following summarizes the Company’s outstanding letters of credit and surety bonds as of June 30, 2022 and September 30, 2021, respectively. June 30, September 30, Revolving credit capacity $ 60,000 $ 60,000 Letters of credit outstanding 9,529 10,112 Remaining revolving credit capacity $ 50,471 $ 49,888 Surety capacity $ 262,090 $ 250,000 Surety issuances 129,021 147,845 Remaining surety available $ 133,069 $ 102,155
Schedule of Equipment Financing	During the nine months ended June 30, 2022, the Company completed the following equipment financings: Date Entered Due Interest Rate as of June 30, 2022 Principal Amount June 30, 2022 July 31, 2029 (1) 4.81 % $ 12,356 June 30, 2022 May 31, 2029 (2) 4.25 % 4,086 March 18, 2022 March 17, 2029 4.67 % 1,839 March 16, 2022 July 31, 2029 (1) 4.81 % 1,317 March 15, 2022 April 1, 2029 4.74 % 4,788 December 30, 2021 December 30, 2028 3.94 % 2,207 December 23, 2021 July 31, 2029 (1) 4.81 % 3,742 $ 30,335 (1) Represents an advance received from the lender on a multiple draw term loan in which the Company is making interest only payments through August 1, 2022 based on an interest rate of 4.81% including a 1.06% LIBOR plus a 3.75% spread as of June 30, 2022. The Company entered into an interest rate swap with an effective date of August 1, 2022 to mitigate risk associated with this variable rate equipment financing, see Note 12, “Derivative Financial Instruments” for further discussion.
Schedule of Deferred Financing Costs and Discounts		Deferred financing fees and discounts related to the Company’s long-term debt were included as a contra liability to debt on the Consolidated Balance Sheets as follows: June 30, September 30, Current portion of deferred financing fees and discounts (1) $ (1,891) $ (1,866) Long-term portion of deferred financing fees and discounts (2) (8,454) (9,872) Total deferred financing fees and discounts $ (10,345) $ (11,738) (1) Included in Current portion of debt, net of deferred financing fees and discounts on the Consolidated Balance Sheets.
Schedule of Aggregate Maturities of Long-term Debt		Aggregate maturities of all long‑term debt, including current portion of long‑term debt and excluding finance lease obligations as of June 30, 2022, are presented below: Fiscal Year Remainder of 2022 $ 4,293 2023 18,215 2024 155,025 2025 18,714 2026 22,030 Thereafter 717,895 Total $ 936,172

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following represents the fair value recorded for derivatives designated as cash flow hedges for the periods presented: Asset Derivatives Balance Sheet Location June 30, September 30, Interest rate swaps Prepaid and other current assets $ 13,656 $ 3,127 Foreign currency forward contracts Prepaid and other current assets 43 6 Interest rate swaps Other non‑current assets 22,844 — Liability Derivatives Balance Sheet Location June 30, September 30, Interest rate swaps Accrued expenses and other current liabilities $ — $ 303 Foreign currency forward contracts Accrued expenses and other current liabilities 75 102 Commodity swaps Accrued expenses and other current liabilities 7 19 The following represents the fair value recorded for derivatives not designated as cash flow hedges for the periods presented: Asset Derivatives Balance Sheet Location June 30, September 30, Foreign currency forward contracts Prepaid and other current assets $ 64 $ 18 Liability Derivatives Balance Sheet Location June 30, September 30, Total return swaps—deferred compensation Accrued expenses and other current liabilities $ 137 $ 130
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The following represents the amount of gain (loss) recognized in Accumulated other comprehensive income (loss) (“AOCI”) (net of tax) during the periods presented: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Interest rate swaps $ 5,798 $ (4,157) $ 32,746 $ 5,111 Foreign currency forward contracts (135) 67 (53) (265) Commodity swaps (16) (16) 12 (16) $ 5,647 $ (4,106) $ 32,705 $ 4,830
Derivative Instruments, Gain (Loss)	The following represents the amount of (loss) gain reclassified from AOCI into earnings during the periods presented: Three Months Ended Nine Months Ended Location of (Loss) Gain 2022 2021 2022 2021 Cost of product sales and services $ (25) $ 9 $ (104) $ (4) General and administrative expense — — (7) (72) Selling and marketing expense — — — (39) Interest expense 237 (591) (930) (1,624) $ 212 $ (582) $ (1,041) $ (1,739)
Derivatives Not Designated as Hedging Instruments	The following represents the amount of loss recognized in earnings for derivatives not designated as hedges during the periods presented: Three Months Ended Nine Months Ended Location of Loss 2022 2021 2022 2021 General and administrative expense $ (793) $ — $ (834) $ — $ (793) $ — $ (834) $ —

Product Warranties (Tables)

Product Warranties (Tables)	9 Months Ended
	Jun. 30, 2022
Guarantees and Product Warranties [Abstract]
Schedule of product warranty liability	A reconciliation of the activity related to the accrued warranty, including both the current and long‑term portions, is as follows: Current Product Warranties Non-Current Product Warranties Nine Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of the period $ 8,138 $ 6,115 $ 2,966 $ 1,724 Warranty provision for sales 4,705 5,680 1,772 1,577 Settlement of warranty claims (4,987) (3,826) (593) (701) Foreign currency translation and other (658) 94 (151) 29 Balance at end of the period $ 7,198 $ 8,063 $ 3,994 $ 2,629

Restructuring and Related Cha_2

Restructuring and Related Charges (Tables)	9 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of restructuring components	Nine Months Ended 2022 2021 Balance at beginning of the period $ 304 $ 970 Restructuring charges following the sale of the Memcor product line 942 4,649 Restructuring charges related to two-segment realignment 413 830 Restructuring charges related to other initiatives 3,232 1,856 Release of prior reserves (290) (296) Write off charges — (966) Cash payments (3,551) (6,349) Other adjustments (6) 8 Balance at end of the period $ 1,044 $ 702 The table below sets forth the location of amounts recorded above on the Unaudited Consolidated Statements of Operations: Nine Months Ended 2022 2021 Cost of product sales and services $ 1,352 $ 4,341 General and administrative expense 2,403 1,675 Sales and marketing expense 83 348 Research and development expense 1 (15) Other operating expense, net 458 690 $ 4,297 $ 7,039

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of net benefit costs	The components of net periodic benefit cost for the plans were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Service cost $ 215 $ 287 $ 674 $ 858 Interest cost 100 81 315 240 Expected return on plan assets (122) (88) (383) (262) Amortization of actuarial losses 156 266 491 640 Pension expense for defined benefit plans $ 349 $ 546 $ 1,097 $ 1,476

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock options, activity	A summary of the stock option activity as of June 30, 2022 is presented below: (In thousands, except per share amounts) Options Weighted Average Exercise Price/Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2021 5,090 $ 13.87 5.9 years $ 120,611 Granted 2 46.75 Exercised (529) 10.57 Forfeited (32) 20.94 Outstanding at June 30, 2022 4,531 $ 14.21 5.3 years $ 82,939 Options exercisable at June 30, 2022 3,477 $ 11.97 4.5 years $ 71,433 Options vested and expected to vest at June 30, 2022 4,516 $ 14.18 5.3 years $ 82,792
Schedule of Nonvested Share Activity	A summary of the status of the Company's unvested stock options as of and for the nine months ended June 30, 2022 is presented below. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Unvested at beginning of period 1,901 $ 6.69 Granted 2 24.22 Vested (817) 6.54 Forfeited (32) 6.66 Unvested at end of period 1,054 $ 6.82
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following is a summary of the RSU activity for the nine months ended June 30, 2022. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Outstanding at September 30, 2021 1,209 $ 22.77 Granted 327 44.94 Vested (504) 22.21 Forfeited (37) 26.35 Outstanding at June 30, 2022 995 $ 30.19 Expected to vest at June 30, 2022 966 $ 29.95 The following is a summary of the performance share unit activity for the nine months ended June 30, 2022, assuming target award level. (In thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value/Share Unvested at beginning of period 469 $ 16.92 Granted 124 52.50 Unvested at end of period 593 $ 23.39 Expected to vest 551 $ 23.28

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Line of Credit Facilities	The following table summarizes the amount of the Company’s outstanding borrowings and outstanding letters of credit under the 2021 Revolving Credit Facility as of June 30, 2022 and September 30, 2021. June 30, September 30, Borrowing availability $ 350,000 $ 350,000 Outstanding borrowings 211,000 37,000 Outstanding letters of credit 9,529 10,112 Unused amounts $ 129,471 $ 302,888 The following summarizes the Company’s outstanding letters of credit and surety bonds as of June 30, 2022 and September 30, 2021, respectively. June 30, September 30, Revolving credit capacity $ 60,000 $ 60,000 Letters of credit outstanding 9,529 10,112 Remaining revolving credit capacity $ 50,471 $ 49,888 Surety capacity $ 262,090 $ 250,000 Surety issuances 129,021 147,845 Remaining surety available $ 133,069 $ 102,155

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	9 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued expenses and other liabilities consisted of the following: June 30, September 30, Salaries, wages, and other benefits $ 67,837 $ 79,110 Obligation under operating leases 14,321 13,316 Obligation under finance leases 12,560 12,093 Deferred revenue 11,499 5,241 Third party commissions 10,464 10,031 Taxes, other than income 6,711 4,575 Insurance liabilities 3,466 3,720 Provisions for litigation 1,446 2,938 Severance payments 1,044 304 Fair value of liability derivatives 219 554 Earn-outs related to acquisitions — 150 Other 32,907 28,335 $ 162,474 $ 160,367

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	Reportable operating segment revenue and operating profit for the three and nine months ended June 30, 2022 and 2021 were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Total revenue Integrated Solutions and Services $ 310,431 $ 245,414 $ 868,506 $ 690,370 Applied Product Technologies 166,779 149,434 464,137 419,122 Total revenue 477,210 394,848 1,332,643 1,109,492 Intersegment revenue Integrated Solutions and Services 13,020 5,727 31,209 11,832 Applied Product Technologies 24,865 19,440 69,113 59,222 Total intersegment revenue 37,885 25,167 100,322 71,054 Revenue to external customers Integrated Solutions and Services 297,411 239,687 837,297 678,538 Applied Product Technologies 141,914 129,994 395,024 359,900 Total revenue $ 439,325 $ 369,681 $ 1,232,321 $ 1,038,438 Operating profit (loss) Integrated Solutions and Services $ 39,864 $ 37,793 $ 113,269 $ 94,934 Applied Product Technologies 28,592 22,735 69,412 54,218 Corporate (37,426) (32,218) (117,791) (88,430) Total operating profit 31,030 28,310 64,890 60,722 Interest expense (8,440) (11,224) (24,969) (28,292) Income before income taxes 22,590 17,086 39,921 32,430 Income tax expense (5,027) (3,887) (8,896) (7,672) Net income $ 17,563 $ 13,199 $ 31,025 $ 24,758 June 30, September 30, Assets Integrated Solutions and Services $ 1,127,646 $ 887,265 Applied Product Technologies 664,946 656,362 Corporate 379,026 325,264 Total assets $ 2,171,618 $ 1,868,891

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table sets forth the computation of basic and diluted earnings from continuing operations per common share (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Numerator for basic and diluted earnings per common share—Net income attributable to Evoqua Water Technologies Corp. $ 17,563 $ 13,155 $ 30,880 $ 24,624 Denominator: Denominator for basic net income per common share—weighted average shares 121,338 119,015 120,970 119,015 Effect of dilutive securities: Share‑based compensation 3,512 3,245 3,927 3,312 Denominator for diluted net income per common share—adjusted weighted average shares 124,850 122,260 124,897 122,327 Basic earnings attributable to Evoqua Water Technologies Corp. per common share $ 0.14 $ 0.11 $ 0.26 $ 0.21 Diluted earnings attributable to Evoqua Water Technologies Corp. per common share $ 0.14 $ 0.11 $ 0.25 $ 0.20

Description of the Company an_2

Description of the Company and Basis of Presentation (Details) - segment		3 Months Ended	9 Months Ended
	Oct. 29, 2018	Jun. 30, 2022	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3	2	2

Variable Interest Entities- Inv

Variable Interest Entities- Investments, Equity Method and Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jul. 01, 2022	Apr. 01, 2022	Sep. 30, 2021	Apr. 08, 2021	Feb. 28, 2021	Oct. 01, 2019
Schedule of Equity Method Investments [Line Items]
Obligation to absorb risk of loss, percentage of partner's equity	100%		100%
Current assets	$ 832,220		$ 832,220				$ 678,458
Property, plant, and equipment, net	400,367		400,367				374,988
Goodwill	471,688		471,688				407,376
Intangible assets, net	315,983		315,983				290,075
Liabilities	(1,509,328)		(1,509,328)				(1,286,672)
Revenues	439,325	$ 369,681	1,232,321	$ 1,038,438
Operating Expenses	(105,917)	(90,121)	(314,233)	(259,606)
Operating profit (loss)	$ 31,030	28,310	$ 64,890	60,722
Frontier
Schedule of Equity Method Investments [Line Items]
Percentage of voting interests acquired					32%	32%		8%		60%
Remaining percentage to be acquired	40%		40%							32%
Frontier | Maximum
Schedule of Equity Method Investments [Line Items]
Remaining percentage to be acquired									10%
Treated Water Outsourcing
Schedule of Equity Method Investments [Line Items]
Partnership interest			50%
Cash							1,380
Current assets							3,202
Property, plant, and equipment, net							903
Goodwill							2,206
Liabilities							(1,009)
Revenues		843	$ 1,641	2,511
Operating Expenses		(748)	(1,440)	(2,217)
Operating profit (loss)		95	201	294
Frontier
Schedule of Equity Method Investments [Line Items]
Cash							2,095
Current assets							12,495
Property, plant, and equipment, net							2,113
Goodwill							1,798
Intangible assets, net							8,265
Liabilities							$ (9,425)
Revenues		4,945	13,363	7,793
Operating Expenses		(4,448)	(12,135)	(8,587)
Operating profit (loss)		$ 497	$ 1,228	$ (794)

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - USD ($) $ in Thousands				3 Months Ended	9 Months Ended
	Apr. 01, 2022	Jan. 03, 2022	Dec. 20, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jul. 01, 2022	Apr. 30, 2021	Apr. 08, 2021	Oct. 01, 2019
Business Acquisition [Line Items]
Consideration transferred, including amounts from prior periods	$ 22,771
Proceeds from sale of business					$ 356	$ 897
Gain on sale of business				$ 193	193	$ (193)
Treated Water Outsourcing
Business Acquisition [Line Items]
Percentage of voting interests acquired	50%
Payments to acquire businesses	$ 1,099
Mar Cor
Business Acquisition [Line Items]
Payments to acquire businesses		$ 194,976
Price of acquisition, expected			$ 196,300
Borrowings under credit facility		160,000
Contingent consideration, liability				12,300	$ 12,300
Escrow deposit		12,965
Acquisition costs				$ 3,178
Mar Cor | General Indemnity
Business Acquisition [Line Items]
Escrow deposit		9,815
Mar Cor | Working Capital Adjustments
Business Acquisition [Line Items]
Escrow deposit		$ 3,150
Frontier
Business Acquisition [Line Items]
Percentage of voting interests acquired	32%						32%		8%	60%
Payments to acquire businesses	$ 10,396
Frontier
Business Acquisition [Line Items]
Ownership interest percentage acquired								8%		60%

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Preliminary Opening Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Apr. 01, 2022	Sep. 30, 2021
Business Combination, Separately Recognized Transactions [Line Items]
Goodwill	$ 471,688		$ 407,376
Mar Cor
Business Combination, Separately Recognized Transactions [Line Items]
Receivables, net		$ 21,275
Inventories, net		32,479
Earn Out asset	$ 10,543	7,824	$ 0
Other current assets		1,732
Property, plant, and equipment, net		19,343
Goodwill		68,714
Intangible assets, net		57,094
Other non-current assets		7,434
Total assets acquired		215,895
Current liabilities		(15,377)
Non-current liabilities		(5,542)
Total liabilities assumed		(20,919)
Net assets acquired		$ 194,976

Revenue (Performance Obligation

Revenue (Performance Obligation) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 344,633
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period: 2022-01-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period: 2022-04-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers recognized under Topic 606		$ 396,354	$ 320,218	$ 1,096,883	$ 903,325
Other	[1]	42,971	49,463	135,438	135,113
Revenues		439,325	369,681	1,232,321	1,038,438
United States
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		362,268	291,113	1,009,615	829,925
Europe
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		28,122	28,749	82,392	81,561
Asia
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		32,996	31,987	91,943	81,568
Canada
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		13,422	14,210	39,831	36,025
Australia
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		2,517	3,622	8,540	9,359
Integrated Solutions and Services
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		297,411	239,687	837,297
Applied Product Technologies
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		141,914	129,994	395,024
Revenue from aftermarket
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		96,640	62,399	255,517	174,976
Revenue from aftermarket | Integrated Solutions and Services
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		59,033	31,852	150,602	91,499
Revenue from aftermarket | Applied Product Technologies
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		37,607	30,547	104,915	83,477
Revenue from service
Disaggregation of Revenue [Line Items]
Revenues		171,368	151,254	492,021	437,530
Revenue from product sales and services		171,368	151,254	492,021	437,530
Revenue from service | Integrated Solutions and Services
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		165,843	144,499	476,356	420,984
Revenue from service | Applied Product Technologies
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		5,525	6,755	15,665	16,546
Revenue from capital projects
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		171,317	156,028	484,783	425,932
Revenue from capital projects | Integrated Solutions and Services
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		72,535	63,336	210,339	166,055
Revenue from capital projects | Applied Product Technologies
Disaggregation of Revenue [Line Items]
Revenue from product sales and services		$ 98,782	$ 92,692	$ 274,444	$ 259,877
[1]Other revenue relates to revenue recognized pursuant to ASU 2016-02, Leases (Topic 842) , primarily attributable to long term rentals.

Revenue (Contract Assets and Li

Revenue (Contract Assets and Liabilities) (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 66,943	$ 36,915	$ 55,883	$ 26,259
Change in Contract with Customer, Asset [Roll Forward]
beginning of period	72,746	80,759
Recognized in current period	294,794	232,750
Reclassified to accounts receivable	265,324	244,766
Foreign currency	(317)	600
end of period	101,899	69,343
Change in Contract with Customer, Liability [Roll Forward]
Recognized in current period	271,227	245,049
Amounts in beginning balance reclassified to revenue	(44,718)	(18,496)
Current period amounts reclassified to revenue	(215,366)	(216,972)
Foreign currency	$ (83)	$ 1,075

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Apr. 01, 2022	Sep. 30, 2021
Deferred compensation plan assets
Mutual Funds	$ 13,106
Mar Cor
Deferred compensation plan assets
Earn Out asset	10,543	$ 7,824	$ 0
Fair Value, Measurements, Recurring | Quoted Market Prices in Active Markets (Level 1)
Deferred compensation plan assets
Cash	1,034		1,251
Mutual Funds			17,806
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Deferred compensation plan assets
Interest rate swaps			3,127
Foreign currency forward contracts	107		24
Liabilities:
Pension plan	(41,483)		(46,013)
Deferred compensation plan liabilities	(20,361)		(24,382)
Total return swaps—deferred compensation	(137)		(130)
Long‑term debt	(928,629)		(752,988)
Interest Rate Derivative Liabilities, at Fair Value			(303)
Foreign currency forward contracts	(75)		(102)
Commodity swaps	(7)		(19)
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Liabilities:
Earn-out liabilities related to acquisitions			(150)
Option and purchase right			(8,305)
Fair Value, Measurements, Recurring | Cash | Quoted Market Prices in Active Markets (Level 1)
Assets:
Defined benefit plan, fair value of plan assets	316		831
Fair Value, Measurements, Recurring | Global Multi-Asset Fund
Assets:
Plan assets at net asset value	12,639		15,244
Fair Value, Measurements, Recurring | Government Securities
Assets:
Plan assets at net asset value	1,459		5,158
Fair Value, Measurements, Recurring | Liability Driven Investment
Assets:
Plan assets at net asset value	4,275		2,793
Fair Value, Measurements, Recurring | Guernsey Unit Trust
Assets:
Plan assets at net asset value	2,255		2,387
Fair Value, Measurements, Recurring | Global Absolute Return
Assets:
Plan assets at net asset value	$ 1,418		$ 2,225

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands			3 Months Ended	9 Months Ended
	Apr. 01, 2022	Jan. 03, 2022	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Oct. 01, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Unrealized loss on investments				$ 2,111
Mar Cor
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Earn Out asset	$ 7,824		$ 10,543	$ 10,543	$ 0
Increase in fair value of earn out			$ 2,719
Payments to acquire businesses		$ 194,976
Frontier
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Remaining percentage to be acquired			40%	40%		32%
Purchase right liability				$ 2,091
Payments to acquire businesses	$ 10,396
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Earn-out payments, change in fair value			$ 25	150
Earn-out related to acquisitions					150
Option and purchase right					8,305
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Other Current Liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Earn-out related to acquisitions			0	0	$ 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Other Noncurrent Liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Option and purchase right			$ 0	$ 0

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2021
Receivables [Abstract]
Accounts receivable	$ 300,121	$ 282,819
Allowance for credit losses	(6,650)	(4,824)
Accounts receivable, net	293,471	$ 277,995
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at September 30, 2020	(4,824)
Charged to costs and expenses	(1,423)
Write-offs	190
Foreign currency and other	(593)
Balance at December 31, 2020	$ (6,650)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 119,853	$ 86,469
Work in progress	36,296	19,842
Finished goods and products held for resale	85,709	59,624
Costs of unbilled projects	2,909	2,277
Reserves for excess and obsolete	(12,308)	(9,709)
Inventory, Net	$ 232,459	$ 158,503

Property, Plant, and Equipmen_2

Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 812,090		$ 812,090		$ 764,394
Less: accumulated depreciation	(411,723)		(411,723)		(389,406)
Property, plant, and equipment, net	400,367		400,367		374,988
Depreciation and amortization	21,089	$ 19,170	61,131	$ 56,450
Maintenance and repair expense	7,808	$ 4,603	21,402	$ 14,565
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	401,670		401,670		388,352
Land and buildings
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	77,473		77,473		70,048
Construction in process
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	71,303		71,303		59,737
Rental equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 261,644		$ 261,644		$ 246,257

Property, Plant, and Equipmen_3

Property, Plant, and Equipment Property, Plant and Equipment (Secured Financing Agreements) (Details) - Equipment Financings - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Property, plant and equipment gross [Member]
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	$ 130,254	$ 104,136
Property, plant and equipment gross [Member] | Machinery and equipment
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	86,133	73,632
Property, plant and equipment gross [Member] | Construction in process
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	44,121	30,504
Property, plant and equipment net [Member]
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	108,052	87,540
Property, plant and equipment net [Member] | Machinery and equipment
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	63,931	57,036
Property, plant and equipment net [Member] | Construction in process
Debt Instrument [Line Items]
Pledged Assets, Not Separately Reported, Other	$ 44,121	$ 30,504

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Business acquisition, goodwill, expected tax deductible, amount	$ 223,834	$ 159,730

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning of the period	$ 407,376
Foreign currency translation	(4,362)
Goodwill, end of the period	471,688
Business combinations and divestitures	68,674
Operating Segments | Integrated Solutions and Services
Goodwill [Roll Forward]
Goodwill, beginning of the period	233,830
Foreign currency translation	(701)
Goodwill, end of the period	301,837
Business combinations and divestitures	68,708
Operating Segments | Applied Product Technologies
Goodwill [Roll Forward]
Goodwill, beginning of the period	173,546
Foreign currency translation	(3,661)
Goodwill, end of the period	169,851
Goodwill, Written off Related to Sale of Business Unit	$ (34)

Debt (Schedule of Long-term Deb

Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total debt	$ 936,172		$ 936,172	$ 754,943
Less unamortized deferred financing fees	(10,345)		(10,345)	(11,738)
Total net debt	925,827		925,827	743,205
Current portion of debt	(16,064)		(16,064)	(12,775)
Total long‑term debt	$ 909,763		$ 909,763	730,430
Prime Rate | Rate three
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.75%
Prime Rate | Rate four
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.95%
Securitization Facility, due April 1, 2024
Debt Instrument [Line Items]
Debt , interest rate, effective percentage	3.04%		3.04%
Debt instrument, basis spread on variable rate			1.25%
Securitization Facility, due April 1, 2024 | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.79%
2021 Revolving Credit Facility, due April 2026
Debt Instrument [Line Items]
Total debt	$ 211,113		$ 211,113	37,268
Debt instrument, basis spread on variable rate		2.25%	1.95%
Interest payable	113		$ 113	268
2021 Revolving Credit Facility, due April 2026 | Rate one
Debt Instrument [Line Items]
Total debt	$ 206,000		$ 206,000
Debt , interest rate, effective percentage	3.64%		3.64%
2021 Revolving Credit Facility, due April 2026 | Rate two
Debt Instrument [Line Items]
Total debt	$ 5,000		$ 5,000
Debt , interest rate, effective percentage	5.70%		5.70%
2021 Revolving Credit Facility, due April 2026 | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.69%
Securitization Facility, due April 1, 2024
Debt Instrument [Line Items]
Total debt	$ 138,013		$ 138,013	150,061
Interest payable	113		113	61
Equipment Financing, due September 30, 2023 to July 31, 2029, interest rates ranging from 3.59% to 8.07% | Equipment Financings
Debt Instrument [Line Items]
Total debt	116,796		116,796	93,375
Notes Payable, due July 31, 2023 (4)
Debt Instrument [Line Items]
Total debt	0		0	402
2021 Term Loan
Debt Instrument [Line Items]
Total debt	$ 470,250		$ 470,250	473,837
Debt , interest rate, effective percentage	3.56%		3.56%
Debt instrument, basis spread on variable rate			2.50%
Interest payable	$ 0		$ 0	$ 25
2021 Term Loan | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.06%
Minimum | Equipment Financing, due September 30, 2023 to July 31, 2029, interest rates ranging from 3.59% to 8.07% | Equipment Financings
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.59%		3.59%
Maximum | Equipment Financing, due September 30, 2023 to July 31, 2029, interest rates ranging from 3.59% to 8.07% | Equipment Financings
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	8.07%		8.07%

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 01, 2021
Line of Credit Facility [Line Items]
Amortization of debt issuance costs and discounts	$ 467,000	$ 437,000	$ 1,393,000	$ 1,481,000
Maximum
Line of Credit Facility [Line Items]
Accounts receivable from securitization					$ 150,000,000
2021 Credit Agreement | Term Loan
Line of Credit Facility [Line Items]
Amount of loan					475,000,000
Revolving Credit Facility | 2021 Credit Agreement
Line of Credit Facility [Line Items]
Credit facility borrowing capacity					350,000,000
Letter of Credit | 2021 Credit Agreement
Line of Credit Facility [Line Items]
Credit facility borrowing capacity					$ 60,000,000

Debt (Schedule of Line of Credi

Debt (Schedule of Line of Credit Facilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity	$ 60,000	$ 60,000
Debt instrument, unused borrowing capacity, amount	50,471	49,888
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, remaining borrowing capacity	350,000	350,000
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	9,529	10,112
Debt instrument, unused borrowing capacity, amount	129,471	302,888
2021 Revolving Credit Facility, due April 2026
Line of Credit Facility [Line Items]
line of Credit Facility, Amount Drawn	$ 211,000	$ 37,000

Debt (Schedule of Equipment Fin

Debt (Schedule of Equipment Financings) (Details) - Loans Payable - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Equipment Financing Due July 31 2029
Debt Instrument [Line Items]
Debt , interest rate, effective percentage	4.81%
Total debt	$ 12,356	$ 1,317	$ 3,742
Debt instrument, basis spread on variable rate	3.75%
Equipment Financing Due July 31 2029 | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.06%
Equipment Financing Due May 31 2029
Debt Instrument [Line Items]
Debt , interest rate, effective percentage	4.25%
Total debt	$ 4,086
Debt instrument, basis spread on variable rate	2.75%
Equipment Financing Due May 31 2029 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Equipment Financing Due March 17 2029
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.67%
Total debt		$ 1,839
Equipment Financing Due Dec 30 2028
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		4.74%	3.94%
Total debt		$ 4,788	$ 2,207
Equipment Financings
Debt Instrument [Line Items]
Total debt	$ 30,335

Debt (schedule of Deferred Fina

Debt (schedule of Deferred Financing Fees and Discounts (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Unamortized discount (premium) and debt issuance costs, net	$ 10,345	$ 11,738
First Lien Term Facility, due December 20, 2024
Debt Instrument [Line Items]
Unamortized discount (premium) and debt issuance costs, net	(10,345)	(11,738)
First Lien Term Facility, due December 20, 2024 | Other Current Liabilities
Debt Instrument [Line Items]
Unamortized discount (premium) and debt issuance costs, net	(1,891)	(1,866)
First Lien Term Facility, due December 20, 2024 | Other Noncurrent Liabilities
Debt Instrument [Line Items]
Unamortized discount (premium) and debt issuance costs, net	$ (8,454)	$ (9,872)

Debt (Long-term Debt Maturities

Debt (Long-term Debt Maturities) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
2022	$ 4,293
2023	18,215
2024	155,025
2025	18,714
2026	22,030
Thereafter	717,895
Long-term Debt	$ 936,172

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($)
Derivative [Line Items]
Gain expected to reclassified from AOCI to earnings	$ 26
Interest rate swaps
Derivative [Line Items]
Derivative, Notional Amount	531,000
Foreign currency forward contracts
Derivative [Line Items]
Derivative, Notional Amount	14,025
Commodity swaps
Derivative [Line Items]
Derivative, Notional Amount	$ 4,966

Derivative Financial Instrume_4

Derivative Financial Instruments (Fair Values) (Details) - Fair Value, Inputs, Level 2 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Derivatives, Fair Value [Line Items]
Interest rate cap		$ 3,127
Interest Rate Derivative Liabilities, at Fair Value		303
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Interest rate cap	$ 13,656	3,127
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	43	6
Designated as Hedging Instrument | Other Current Liabilities
Derivatives, Fair Value [Line Items]
Interest rate cap	36,500
Interest Rate Derivative Liabilities, at Fair Value	0	303
Foreign Currency Cash Flow Hedge Liability at Fair Value	75	102
Price Risk Fair Value Hedge Liability, at Fair Value	7	19
Designated as Hedging Instrument | Other Assets | Interest rate swaps
Derivatives, Fair Value [Line Items]
Interest rate cap	$ 22,844	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments (Amounts Recognized in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized derivative gain (loss) on cash flow hedges, net of tax	$ 5,435	$ (3,524)	$ 33,746	$ 6,569
Other Comprehensive Income (Loss) | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized derivative gain (loss) on cash flow hedges, net of tax	5,647	(4,106)	32,705	4,830
Interest rate swaps | Other Comprehensive Income (Loss) | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized derivative gain (loss) on cash flow hedges, net of tax	5,798	(4,157)	32,746	5,111
Foreign currency forward contracts | Other Comprehensive Income (Loss) | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized derivative gain (loss) on cash flow hedges, net of tax	(135)	67	(53)	(265)
Commodity swaps | Other Comprehensive Income (Loss) | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized derivative gain (loss) on cash flow hedges, net of tax	$ (16)	$ (16)	$ 12	$ (16)

Derivative Financial Instrume_6

Derivative Financial Instruments (Amounts Reclassified out of AOCI) (Details) - Reclassification out of Accumulated Other Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 212	$ (582)	$ (1,041)	$ (1,739)
Cost of Product Sales and Services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	(25)	9	(104)	(4)
General and Administrative Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	0	0	(7)	(72)
Sales and Marketing Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	0	0	0	(39)
Interest Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 237	$ (591)	$ (930)	$ (1,624)

Derivative Financial Instrume_7

Derivative Financial Instruments (Derivatives Not Designated as Cash Flow Hedges) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Derivatives, Fair Value [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain	$ (793)	$ 0	$ (834)	$ 0
General and Administrative Expense
Derivatives, Fair Value [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain	(793)	$ 0	(834)	$ 0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Total Return Swap | Not Designated as Hedging Instrument | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	137		137		$ 130
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign currency forward contracts | Not Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 64		$ 64		$ 18

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of the period	$ 8,138
Balance at beginning of the period	2,966
Balance at end of the period	7,198
Balance at end of the period	3,994
Other Current Liabilities
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of the period	8,138	$ 6,115
Warranty provision for sales	4,705	5,680
Settlement of warranty claims	(4,987)	(3,826)
Foreign currency translation and other	(658)	94
Balance at end of the period	7,198	8,063
Other Noncurrent Liabilities
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of the period	2,966	1,724
Warranty provision for sales	1,772	1,577
Settlement of warranty claims	(593)	(701)
Foreign currency translation and other	(151)	29
Balance at end of the period	$ 3,994	$ 2,629

Restructuring and Related Cha_3

Restructuring and Related Charges (Details) $ in Thousands		3 Months Ended	9 Months Ended
	Oct. 29, 2018 segment	Jun. 30, 2022 USD ($) segment	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Number of reportable segments | segment	3	2	2
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning of the period			$ 304	$ 970
Restructuring charges			4,297	7,039
Release of prior reserves			290	296
Write off charges			0	(966)
Cash payments			(3,551)	(6,349)
Other adjustments			(6)	8
Restructuring reserve, end of the period		$ 1,044	1,044	702
Cost of Product Sales and Services
Restructuring Reserve [Roll Forward]
Restructuring charges			1,352	4,341
General and Administrative Expense
Restructuring Reserve [Roll Forward]
Restructuring charges			2,403	1,675
Sales and Marketing Expense
Restructuring Reserve [Roll Forward]
Restructuring charges			83	348
Research and Development Expense
Restructuring Reserve [Roll Forward]
Restructuring charges			1	(15)
Other Operating Income (Expense)
Restructuring Reserve [Roll Forward]
Restructuring charges			458	690
Post Memcor product line sale restructuring
Restructuring Reserve [Roll Forward]
Restructuring charges			942	4,649
Two-segment realignment
Restructuring Reserve [Roll Forward]
Restructuring charges			413	830
Other Restructuring
Restructuring Reserve [Roll Forward]
Restructuring charges			3,232	$ 1,856
Other Restructuring | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost		2,700,000	2,700,000
Other Restructuring | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost		$ 3,700,000	$ 3,700,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Service cost	$ 215	$ 287	$ 674	$ 858
Interest cost	100	81	315	240
Expected return on plan assets	(122)	(88)	(383)	(262)
Amortization of actuarial losses	156	266	491	640
Pension expense for defined benefit plans	$ 349	$ 546	$ 1,097	$ 1,476

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Estimated Annual Effective Tax Rate Used to Calculate Income Tax Expense (Benefit)			23.10%	19.70%
Federal statutory income tax rate, percent			21%	21%
Income tax expense	$ (5,027)	$ (3,887)	$ (8,896)	$ (7,672)
Income before income taxes	$ 22,590	$ 17,086	$ 39,921	$ 32,430
Effective income tax rate reconciliation, percent	22.30%	22.70%	22.30%	23.70%
Unrecognized Tax Benefits	$ 1,663	$ 1,805	$ 1,663	$ 1,805

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands					3 Months Ended		9 Months Ended
	Apr. 01, 2022	Oct. 01, 2021	Dec. 21, 2018	Oct. 01, 2018	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period							3 years
Granted (shares)							2
Intrinsic value, exercises in period							$ 16,282
Fair value of options vested							5,346
Share-based Compensation expense					$ 5,818	$ 5,526	17,220	$ 11,816
Non-cash share-based compensation					5,750	4,228	16,339	10,461
Compensation cost not yet recognized, period for recognition					$ 24,133		24,133
Proceeds from issuance of common stock							$ 7,921	18,096
Employee Stock Ownership Plan (ESOP), Shares in ESOP			11,297
Common stock, par value (in dollars per share)					$ 0.01		$ 0.01		$ 0.01
Evoqua Water Technologies Corp. Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards vesting percentage					25%
Contractual term of options							10 years
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan, number of shares authorized (shares)					11,083		11,083
Number of shares available for grant (in shares)					2,177		2,177
Compensation cost not yet recognized, period for recognition					$ 5,591		$ 5,591
Period for recognition for unrecognized compensation expense							1 year 8 months 12 days
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)					3,958		3,958
Purchase price of stock, percentage				85%
Employee Stock Ownership Plan (ESOP), Shares in ESOP			5,000
Employee Stock Ownership Plan (ESOP), Compensation Expense					$ 298	$ 249	$ 717	$ 652
Shares issued under ESPP	48	60
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)			$ 0.01
Special RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized, period for recognition					$ 9,905		$ 9,905
Period for recognition for unrecognized compensation expense							2 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition for unrecognized compensation expense							1 year 10 months 24 days

Share-Based Compensation (Stock

Share-Based Compensation (Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Options
Outstanding at beginning of the period (shares)	5,090,000
Granted (shares)	2,000
Exercised (shares)	(529,000)
Forfeited (shares)	(32,000)
Outstanding at end of the period (shares)	4,531,000
Options exercisable (shares)	3,477,000
Options vested and expected to vest (shares)	4,516,000
Weighted Average Exercise Price/Share
Weighted average exercise price, outstanding, beginning balance (in dollars per share)	$ 13.87
Weighted average exercise price, granted (in dollars per share)	46.75
Weighted average exercise price, exercised (in dollars per share)	10.57
Weighted average exercise price, forfeited (in dollars per share)	20.94
Weighted average exercise price, outstanding, ending balance (in dollars per share)	14.21
Weighted average exercise price, exercisable (in dollars per share)	11.97
Weighted average exercise price, options vested and expected to vest (in dollars per share)	$ 14.18
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term, outstanding	5 years 3 months 18 days	5 years 10 months 24 days
Weighted average contractual term, exercisable	4 years 6 months
Weighted average remaining contractual term, options vested and expected to vest	5 years 3 months 18 days
Intrinsic value, outstanding	$ 82,939		$ 120,611
Intrinsic value, exercisable	71,433
Intrinsic value, options vested and expected to vest	$ 82,792

Share-Based Compensation (Nonve

Share-Based Compensation (Nonvested Share Activity) (Details)	9 Months Ended
	Jun. 30, 2022 $ / shares shares
Shares
Unvested at beginning of period | shares	1,901,000
Granted (shares) | shares	2,000
Vested (shares) | shares	(817,000)
Forfeited (shares) | shares	(32,000)
Unvested at end of period | shares	1,054,000
Weighted Average Grant Date Fair Value/Share
Weighted average grant date fair value, nonvested, beginning balance (in dollars per share) | $ / shares	$ 6.69
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	24.22
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	6.54
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	6.66
Weighted average grant date fair value, nonvested, ending balance (in dollars per share) | $ / shares	$ 6.82

Share-Based Compensation (RSU A

Share-Based Compensation (RSU Activity) (Details) shares in Thousands	9 Months Ended
	Jun. 30, 2022 $ / shares shares
Shares
Forfeited | shares	32
Options exercisable (shares) | shares	3,477
Weighted Average Grant Date Fair Value/Share
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	$ 6.66
Weighted average exercise price, options vested and expected to vest (in dollars per share) | $ / shares	$ 14.18
Restricted Stock Units (RSUs)
Shares
Outstanding at beginning of the period (shares) | shares	1,209
Granted | shares	327
Vested in period (shares) | shares	(504)
Forfeited | shares	37
Outstanding at beginning of the period | shares	995
Options exercisable (shares) | shares	966
Weighted Average Grant Date Fair Value/Share
Weighted average grant date fair value, nonvested, equity instruments other than options, beginning of the period (in dollar per share) | $ / shares	$ 22.77
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	44.94
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	22.21
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	26.35
Weighted average grant date fair value, nonvested, equity instruments other than options, end of the period (in dollar per share) | $ / shares	30.19
Weighted average exercise price, options vested and expected to vest (in dollars per share) | $ / shares	$ 29.95
Special RSU
Shares
Outstanding at beginning of the period (shares) | shares	469
Granted | shares	124
Outstanding at beginning of the period | shares	593
Options exercisable (shares) | shares	551
Weighted Average Grant Date Fair Value/Share
Weighted average grant date fair value, nonvested, equity instruments other than options, beginning of the period (in dollar per share) | $ / shares	$ 16.92
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	52.50
Weighted average grant date fair value, nonvested, equity instruments other than options, end of the period (in dollar per share) | $ / shares	23.39
Weighted average exercise price, options vested and expected to vest (in dollars per share) | $ / shares	$ 23.28

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	Jun. 30, 2022 country
Risks and Uncertainties [Abstract]
Number of countries in which entity operates	9

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of Letters of Credit and Surety Bonds) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2021
Other Commitments [Line Items]
Revolving credit capacity	$ 60,000	$ 60,000	$ 60,000
Remaining revolving credit capacity	50,471	50,471	49,888
Surety Bond
Other Commitments [Line Items]
Surety capacity	262,090	262,090	250,000
Surety issuances	129,021	129,021	147,845
Remaining surety available	$ 133,069	133,069	102,155
Minimum | Surety Bond
Other Commitments [Line Items]
Letter of Credit, Guarantee, Bond Commitments, Expiration Period	12 months
Maximum | Surety Bond
Other Commitments [Line Items]
Letter of Credit, Guarantee, Bond Commitments, Expiration Period	10 years
Letter of Credit
Other Commitments [Line Items]
Letters of credit outstanding, amount	$ 9,529	9,529	10,112
Remaining revolving credit capacity	$ 129,471	$ 129,471	$ 302,888
Debt Instrument, Maturity Date		Mar. 20, 2030

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Payables and Accruals [Abstract]
Salaries, wages, and other benefits	$ 67,837	$ 79,110
Obligation under operating leases	14,321	13,316
Obligation under finance leases	12,560	12,093
Third party commissions	10,464	10,031
Taxes, other than income	6,711	4,575
Provision for litigation	1,446	2,938
Insurance liabilities	3,466	3,720
Severance payments	1,044	304
Fair value of liability derivatives	219	554
Earn-outs related to acquisitions	0	150
Other	32,907	28,335
Accrued expenses and other liabilities	$ 162,474	$ 160,367
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities
Deferred Revenue, Current	$ 11,499	$ 5,241

Business Segments (Details)

Business Segments (Details) $ in Thousands		3 Months Ended						9 Months Ended
	Oct. 29, 2018 segment	Jun. 30, 2022 USD ($) segment	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3	2						2
Segment Reporting Information [Line Items]
Total revenue		$ 439,325			$ 369,681			$ 1,232,321	$ 1,038,438
Operating profit (loss)		31,030			28,310			64,890	60,722
Interest expense		(8,440)			(11,224)			(24,969)	(28,292)
Income before income taxes		22,590			17,086			39,921	32,430
Income tax (expense) benefit		(5,027)			(3,887)			(8,896)	(7,672)
Net income		17,563	$ 7,374	$ 6,088	13,199	$ 5,082	$ 6,477	31,025	24,758
Assets		2,171,618						2,171,618		$ 1,868,891
Integrated Solutions and Services
Segment Reporting Information [Line Items]
Revenue from product sales and services		297,411			239,687			837,297
Applied Product Technologies
Segment Reporting Information [Line Items]
Revenue from product sales and services		141,914			129,994			395,024
Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue from product sales and services		37,885			25,167			100,322	71,054
Intersegment Eliminations | Integrated Solutions and Services
Segment Reporting Information [Line Items]
Revenue from product sales and services		13,020			5,727			31,209	11,832
Intersegment Eliminations | Applied Product Technologies
Segment Reporting Information [Line Items]
Revenue from product sales and services		24,865			19,440			69,113	59,222
Operating Segments
Segment Reporting Information [Line Items]
Total revenue		477,210			394,848			1,332,643	1,109,492
Operating Segments | Integrated Solutions and Services
Segment Reporting Information [Line Items]
Total revenue		310,431			245,414			868,506	690,370
Revenue from product sales and services		297,411			239,687			837,297	678,538
Operating profit (loss)		39,864			37,793			113,269	94,934
Assets		1,127,646						1,127,646		887,265
Operating Segments | Applied Product Technologies
Segment Reporting Information [Line Items]
Total revenue		166,779			149,434			464,137	419,122
Revenue from product sales and services		141,914			129,994			395,024	359,900
Operating profit (loss)		28,592			22,735			69,412	54,218
Assets		664,946						664,946		656,362
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Operating profit (loss)		(37,426)			$ (32,218)			(117,791)	$ (88,430)
Assets		$ 379,026						$ 379,026		$ 325,264

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Numerator for basic and diluted earnings per common share—Net income attributable to Evoqua Water Technologies Corp.	$ 17,563	$ 13,155	$ 30,880	$ 24,624
Denominator:
Denominator for basic net income per common share—weighted average shares	121,338	119,015	120,970	119,015
Effect of dilutive securities:
Share‑based compensation	3,512	3,245	3,927	3,312
Denominator for diluted net income per common share—adjusted weighted average shares	124,850	122,260	124,897	122,327
Basic income per common share	$ 0.14	$ 0.11	$ 0.26	$ 0.21
Diluted income per common share	$ 0.14	$ 0.11	$ 0.25	$ 0.20

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Jul. 01, 2022 USD ($) customers
Subsequent Event [Line Items]
Number of customers (over) | customers	1,200
Subsequent Event | Smith Engineering
Subsequent Event [Line Items]
Effective date of acquisition	Jul. 01, 2022
Payments to acquire businesses	$ 18,878
Subsequent Event | Epicor
Subsequent Event [Line Items]
Effective date of acquisition	Jul. 15, 2022
Payments to acquire businesses	$ 4,269