Xylem(XYL)

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Xylem (XYL) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-23 15:06
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower. The market expects Xylem (XYL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term st ...
Sense and Xylem's Sensus Team to Drive a New Standard for High-Resolution Data with Next-Generation 1MHz Meter
Prnewswire· 2024-07-09 14:00
CAMBRIDGE, Mass., July 9, 2024 /PRNewswire/ -- Sense, the leader in embedded intelligence that transforms the relationship between people, homes, and the grid, and the Sensus team of Xylem (NYSE: XYL), which provides remotely-managed products and solutions for investor-owned utilities, cooperatives, and municipalities, are collaborating on what is expected to be the first electric meter capable of capturing and processing 1 MHz data in North America. The increase in fidelity from the high-resolution data (1 ...
Xylem(XYL) - 2024 Q1 - Quarterly Report
2024-05-02 18:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-35229 Xylem Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...
Xylem(XYL) - 2024 Q1 - Earnings Call Transcript
2024-05-02 16:24
Xylem Inc. (NYSE:XYL) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Andrea van der Berg - Vice President, Investor Relations 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 Andy Kaplowitz - Citigroup Bryan Blair - Oppenheimer Nathan Jones - Stifel Joe Giordano - TD Cowen Operator Welcome to Xylem's First Quarter 2024 Results Conference ...
Xylem(XYL) - 2024 Q1 - Earnings Call Presentation
2024-05-02 15:46
xylem 2024 First Quarter Results & Earnings 0 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 expressions or t ...
Xylem(XYL) - 2024 Q1 - Quarterly Results
2024-05-02 11:03
Exhibit 99.1 Xylem Inc. 301 Water Street SE, Suite, 200 Washington, DC 20003 Tel +1.202.869.9150 1 • Orders of $2.2 billion, up 43% on a reported basis and 3% organically • Revenue of $2.0 billion, up 40% on a reported basis and 7% organically • Earnings per share of $0.63, up 17%; $0.90 on an adjusted basis, up 14% • Raising full-year revenue guidance to approximately $8.5B, up 15% to 16%, with organic revenue growth of 4% to 6%, up from 3% to 5% • Lifting full-year adjusted EPS guidance to $4.10 to $4.25, ...
Xylem(XYL) - 2023 Q4 - Annual Report
2024-02-28 19:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-35229 Xylem Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...
Xylem(XYL) - 2023 Q4 - Earnings Call Transcript
2024-02-06 16:03
Xylem Inc. (NYSE:XYL) Q4 2023 Earnings Conference Call February 6, 2024 9:00 AM ET Company Participants Andrea van der Berg - Vice President, Investor Relations Matthew Pine - Chief Executive Officer Bill Grogan - Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Robert W. Baird Scott Davis - Melius Research Andy Kaplowitz - Citigroup Nathan Jones - Stifel Nicolaus Joe Giordano - TD Cowen Operator Welcome to Xylem's Fourth Quarter 2023 Results Conference C ...
Xylem(XYL) - 2023 Q4 - Earnings Call Presentation
2024-02-06 14:05
xylem 2023 Fourth Quarter Results & Earnings 0 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 expressions or ...
Xylem(XYL) - 2023 Q3 - Quarterly Report
2023-10-31 21:13
Financial Performance - For the three months ended September 30, 2023, net income was $152 million, a significant increase from $12 million in the same period of 2022, representing a 1,167% growth[10]. - For the nine months ended September 30, 2023, net income reached $343 million, compared to $206 million in 2022, marking a 66% increase[10]. - The company reported comprehensive income of $78 million for the three months ended September 30, 2023, compared to $61 million in the same period of 2022, an increase of 28%[10]. - Revenue for the three months ended September 30, 2023, was $2,076 million, a 50% increase from $1,380 million in the same period of 2022[38]. - Total revenue for the three months ended September 30, 2023, was $1,950 million, a 47.7% increase from $1,319 million in the same period of 2022[40]. - Operating income for Q3 2023 was $191 million, up 13.7% from $168 million in Q3 2022[130]. - The net income for the three months ended September 30, 2023, was $180 million, significantly higher than the $28 million reported for the same period in 2022[34]. - The total operating income for the nine months ended September 30, 2023, was $441 million, compared to $425 million for the same period in 2022[130]. Assets and Liabilities - Total assets as of September 30, 2023, were $15,905 million, up from $7,952 million at the end of 2022, indicating a 99% growth[12]. - Long-term debt increased to $2,253 million as of September 30, 2023, from $1,880 million at the end of 2022, a growth of 20%[12]. - As of September 30, 2023, total debt outstanding is $2,270 million, an increase from $1,880 million as of December 31, 2022, representing a 20.7% increase[77]. - Total accrued and other current liabilities increased to $1,160 million as of September 30, 2023, compared to $867 million as of December 31, 2022, reflecting a 33.7% increase[75]. - The fair value of Senior Notes due 2026 was $466 million as of September 30, 2023, down from $470 million as of December 31, 2022[82]. - The fair value of Senior Notes due 2046 was $303 million as of September 30, 2023, down from $333 million at the end of 2022[82]. Cash Flow and Expenditures - Operating cash flow for the nine months ended September 30, 2023, was $382 million, compared to $234 million in 2022, reflecting a 63% increase[13]. - Capital expenditures for the nine months ended September 30, 2023, were $177 million, up from $148 million in 2022, a rise of 20%[13]. - Cash and cash equivalents decreased to $705 million as of September 30, 2023, from $944 million at the end of 2022, a decline of 25%[12]. - The company reported a net cash provided by operating activities of $382 million for the nine months ended September 30, 2023, compared to $234 million in 2022[13]. Acquisitions and Business Segments - The acquisition of Evoqua Water Technologies Corp. was completed on May 24, 2023, enhancing the company's service revenue definition to include outsourced water services and SaaS subscriptions[17][22]. - The acquisition of Evoqua Water Technologies Corp. was completed on May 24, 2023, for a total consideration of $6,900 million, including $6,121 million in Xylem common stock[24][26]. - Evoqua generated revenue of $540 million and a loss before taxes of $14 million for the three months ended September 30, 2023[29]. - The Water Infrastructure segment includes Applied Product Technologies from the Evoqua acquisition, focusing on water treatment and transportation solutions[128]. - The Applied Water segment serves residential, commercial, and industrial markets with major products including pumps and valves[128]. - The Measurement & Control Solutions segment develops advanced technology solutions for water and energy conservation[128]. - The Integrated Solutions and Services segment offers tailored services and solutions, including outsourced water and emergency response services[128]. Stock and Shareholder Information - Basic earnings per share for the three months ended September 30, 2023, was $0.63, up from $0.07 in the same period of 2022, while diluted earnings per share also increased to $0.63 from $0.07[55]. - The company declared dividends of $0.33 per share, totaling $80 million for the nine months ended September 30, 2023[102]. - The total stockholders' equity increased to $9.941 billion as of September 30, 2023, from $3.226 billion at the beginning of 2022[102][103]. - The company repurchased approximately 0.1 million shares for $10 million during the nine months ended September 30, 2023[114]. - The company has up to $182 million remaining for share repurchases under its existing program as of September 30, 2023[114]. Restructuring and Impairment - The company recognized $20 million in restructuring costs for Q3 2023, significantly higher than $3 million in Q3 2022, primarily due to the acquisition of Evoqua[44]. - Total expected restructuring costs for actions commenced in 2023 are projected to be $62 million, with $20 million already incurred by Q3 2023[48]. - The company recognized an impairment charge of $2 million for in-process software during Q1 2023, indicating a strategic shift in investment priorities[60]. - The company recognized a $1 million impairment charge for fixed assets in the Measurement & Control Solutions segment during Q3 2023[49]. Tax and Compliance - The effective tax rate for Q3 2023 was 17.8%, down from 27.8% in Q3 2022, with a tax provision of $33 million[53]. - The company has no unrecognized tax benefits related to uncertain tax positions as of September 30, 2023[54]. - The company is in compliance with all covenants for the Green Bond as of September 30, 2023[80]. Legal and Environmental Matters - The company is involved in various legal proceedings related to environmental, tax, and product liability matters, but does not expect a material adverse effect on operations[121]. - The company has received notifications from environmental agencies regarding sites requiring investigation and remediation, with liabilities considered de minimis in many cases[123]. - The company has estimated and accrued $4 million for environmental matters as of September 30, 2023, consistent with the amount accrued as of December 31, 2022[124].