Group 1 - Xylem's shares have experienced a 20% pullback from the 2024 highs, attributed to high valuations and a slight correction in the full-year outlook [1] - The investing group "Value In Corporate Events" focuses on major earnings events, M&A, IPOs, and other significant corporate events, providing actionable ideas for members [1] - The group covers approximately 10 major events each month, aiming to identify the best investment opportunities [1]

US & Canada, Jan. 09, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, "the global Water Treatment System Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Filtration Process (Distillation, Ultra-violet Sterilization, Reverse Osmosis, Filtration, Ion-Exchange, and Others), Type (Drinking Water Treatment Systems, Industrial Water Treatment Systems, Wastewater Treatment Systems, Portable Wate ...

Xylem Inc. (XYL) recently completed the acquisition of a majority stake in Idrica. The financial terms of the transaction have been kept under wraps.Idrica is a water cycle management company that drives digital transformation in utilities through advanced water technology. It utilizes data management and analytics to streamline water-cycle operations globally.Xylem’s Acquisition RationaleXylem Vue combines Xylem’s digital water solutions and Idrica’s technology platform. It helps customers solve key challe ...

Xylem Inc. (XYL) has failed to impress investors with its recent operational performance due to softness in the Applied Water segment. Also, increasing expenses are likely to impede the company’s earnings in the quarters ahead.Headquartered in Rye Brook, NY, Xylem is one of the leading providers of water solutions worldwide. The company is involved in the full water-process cycle, including the collection, distribution and return of water to the environment. It has a significant presence in the United State ...

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No one likes it when their investment posts a double miss on yearly guidance.On the back of Xylem's (XYL -6.48%) latest quarterly earnings report, investors eagerly traded out of the stock on the second-to-last trading day of the week. This news-fueled decline left the shares with a more than 6% price haircut at market close, notably worse than the almost 2% decrease of the S&P 500 (^GSPC -1.86%) index.Modest rises in key fundamentalsXylem's third quarter saw the water technology specialist earn $2.1 billio ...

Financial Performance - Net income for the three months ended September 30, 2024, was $217 million, compared to $152 million for the same period in 2023, representing a 42.8% increase[7]. - For the nine months ended September 30, 2024, net income was $564 million, up from $343 million in 2023, reflecting a 64.3% growth[11]. - The company reported comprehensive income of $330 million for the three months ended September 30, 2024, compared to $78 million in the same period of 2023, a significant increase of 323.1%[7]. - Basic earnings per share for Q3 2024 were $0.89, up from $0.63 in Q3 2023, representing a 41.3% increase[49]. - The company reported a total revenue of $2,104 million for Q3 2024, a slight increase from $2,076 million in Q3 2023, indicating a growth of 1.4%[101]. - Total revenue for the three months ended September 30, 2024, was $1,973 million, a slight increase from $1,950 million in the same period of 2023, representing a growth of 1.2%[35]. Assets and Liabilities - Total current assets increased to $4,013 million as of September 30, 2024, from $3,884 million at the end of 2023, marking a 3.3% rise[9]. - Cash and cash equivalents at the end of the period were $989 million, compared to $705 million at the end of September 2023, indicating a 40.4% increase[11]. - The company’s long-term debt decreased to $1,977 million as of September 30, 2024, from $2,268 million at the end of 2023, a reduction of 12.8%[9]. - Total liabilities decreased to $5,446 million as of September 30, 2024, down from $5,936 million at the end of 2023, reflecting an 8.2% decline[9]. - Total inventories as of September 30, 2024, were $1,091 million, an increase from $1,018 million as of December 31, 2023[51]. Cash Flow and Operating Activities - The company reported a net cash provided by operating activities of $688 million for the nine months ended September 30, 2024, compared to $382 million in 2023, an increase of 80.1%[11]. - The income tax provision for Q3 2024 was $52 million, resulting in an effective tax rate of 19.3%, compared to 17.8% in Q3 2023[46]. - The effective tax rate for the nine months ended September 30, 2024, was 20.7%, compared to 19.3% for the same period in 2023[46]. Acquisitions and Divestitures - Xylem completed the acquisition of Evoqua Water Technologies Corp. on May 24, 2023, enhancing its portfolio in water and wastewater applications[14]. - The company completed the acquisition of Evoqua Water Technologies Corp. on May 24, 2023, for a total consideration of $6,900 million, which included $6,121 million in common stock and $619 million to repay Evoqua's indebtedness[19]. - The acquisition resulted in the recognition of $4,801 million in goodwill, primarily due to expected synergies and economies of scale from combining operations[21]. - The company sold the former Evoqua hemodialysis concentrates business for approximately $12 million during the third quarter ended September 30, 2023[30]. - The company also divested the former Evoqua carbon reactivation and slurry operations to Desotec US LLC for approximately $91 million, equal to the fair value less costs to sell[30]. Capital Expenditures - Capital expenditures for the nine months ended September 30, 2024, were $221 million, compared to $177 million in 2023, representing a 24.9% increase[11]. - Total capital expenditures for the total company were $74 million in Q3 2024, unchanged from Q3 2023[101]. Restructuring and Impairment - Restructuring costs for the three months ended September 30, 2024, totaled $4 million, a decrease from $20 million in the same period of 2023[41]. - Total restructuring and asset impairment charges for the nine months ended September 30, 2024, were $37 million, compared to $57 million in 2023[41]. - Impairment charges recognized in Q2 2024 amounted to $16 million, primarily related to customer relationships and trademarks[43]. Shareholder Equity and Dividends - Total stockholders' equity increased from $10,176 million on January 1, 2024, to $10,600 million by September 30, 2024, reflecting a growth of 4.2%[78]. - Dividends declared for the nine months ended September 30, 2024, totaled $263 million, with a per-share dividend of $0.36, consistent with the previous year[78]. - The company has $182 million remaining under its share repurchase program as of September 30, 2024[89]. Segment Performance - Water Infrastructure revenue for the three months ended September 30, 2024, was $349 million, compared to $333 million in 2023, reflecting a growth of 4.8%[33]. - Measurement and Control Solutions segment revenue rose to $458 million in Q3 2024, up from $413 million in Q3 2023, marking an increase of 10.9%[101]. - Water Solutions and Services segment revenue was $576 million in Q3 2024, down from $586 million in Q3 2023, a decrease of 1.7%[101]. Accounting and Reporting Changes - The company plans to adopt new accounting standards related to segment reporting and income tax disclosures in its 2024 Annual Report[17]. - The company has recast prior period segment amounts to align with the new segment reporting structure effective January 1, 2024[19].

Xylem Inc. (NYSE:XYL) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Keith Buettner - Vice President, Investor Relations & Financial Planning & Analysis Matthew Pine - Chief Executive Officer Bill Grogan - Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Scott Davis - Melius Research Nathan Jones - Stifel Brett Linzey - Mizuho Operator Welcome to Xylem's Third Quarter 2024 Results Conference Call. All participants ...

Core Insights - Xylem Inc. reported third-quarter 2024 adjusted earnings of $1.11 per share, meeting the Zacks Consensus Estimate, with a year-over-year increase of 12% [1] - Revenues for the quarter were $2.10 billion, missing the consensus estimate of $2.18 billion, but reflecting a 1% year-over-year growth driven by solid orders across all segments [1][2] Revenue Breakdown - Water Infrastructure segment revenues were $623 million, up 2% year over year, with organic sales increasing by 1% [3] - Applied Water segment revenues totaled $447 million, down 4% year over year, with organic sales also falling by 4% due to geographic softness [4] - Measurement & Control Solutions segment revenues reached $458 million, up 11% year over year, driven by demand for smart metering [4] - Water Solutions and Services segment revenues were $576 million, down 2% year over year, with organic sales decreasing by 1% due to capital project timing [5] Margin and Profitability - Adjusted EBITDA was $447 million, an 8.7% increase from the previous year, with a margin improvement to 21.2% from 19.8% [6] - Adjusted operating income rose to $350 million, up 11.1% year over year, with an adjusted operating margin increasing to 16.6% from 15.2% [6] Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the third quarter were $989 million, down from $1.02 billion at the end of December 2023; long-term debt decreased to $1.98 billion from $2.3 billion [7] - Net cash generated from operating activities in the first nine months of 2024 was $688 million, compared to $382 million in the same period last year [7] Capital Expenditure and Shareholder Returns - Capital expenditure was $221 million, a 24.9% increase from the previous year [8] - Dividends paid in the first nine months of 2024 totaled $263 million, up 20.1% year over year, with share buybacks amounting to $19 million compared to $10 million in the prior year [9] 2024 Guidance - Xylem expects revenues of approximately $8.5 billion for 2024, indicating a 15% increase from the prior year on a reported basis and around 5% on an organic basis [11] - Adjusted EBITDA margin is projected to be approximately 20.5%, reflecting an expansion of 160 basis points from the previous year [11] - Adjusted earnings are forecasted to be in the range of $4.22-$4.24 per share, up from $3.78 per share in 2023 [12]

xylem 2024 Third Quarter Results and Earnings October 31, 2024 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "contemplate," "predict," "forecast," "likely," "believe," "target," "will," "could," "would," "should," "potential," "may" and similar ...