Here's What Key Metrics Tell Us About Xylem (XYL) Q3 Earnings

Core Insights - Xylem reported $2.1 billion in revenue for Q3 2024, a year-over-year increase of 1.4%, with EPS of $1.11 compared to $0.99 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.18 billion, resulting in a surprise of -3.31% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $1.11 [1] Revenue Performance - Water Solutions and Services revenue was $576 million, below the estimated $607.43 million [3] - Applied Water revenue was $447 million, slightly below the estimated $449.78 million, representing a -3.9% change year-over-year [3] - Water Infrastructure revenue was $623 million, significantly below the estimated $637.98 million, reflecting a -22.4% year-over-year change [3] - Measurement & Control Solutions revenue was $458 million, below the estimated $479.03 million, with a year-over-year change of +4.1% [3] Adjusted Operating Income - Adjusted Operating Income for Water Infrastructure was $111 million, compared to the average estimate of $115.15 million [3] - Adjusted Operating Income for Applied Water was $73 million, slightly below the estimated $74.61 million [3] - Adjusted Operating Income for Water Solutions and Services was $94 million, compared to the average estimate of $97.41 million [3] - Adjusted Operating Income for Corporate and other was -$10 million, better than the average estimate of -$16.10 million [3] - Adjusted Operating Income for Measurement & Control Solutions was $82 million, below the estimated $87.15 million [3] Stock Performance - Xylem shares returned -3.1% over the past month, while the Zacks S&P 500 composite increased by +1% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]