Core Viewpoint - Xylem Inc. reported a total revenue of $4.37 billion for the first half of 2025, reflecting a 4% year-over-year growth, driven by strong execution and market demand [4][7]. Financial Performance - For the first half of 2025, Xylem's total revenue reached $4.37 billion (approximately ¥314 billion), compared to $4.2 billion in the same period last year, marking a 4% increase [4]. - In Q2 2025, the company achieved total revenue of $2.3 billion (approximately ¥165 billion), up 6% from $2.17 billion in Q2 2024, primarily due to robust market demand [4][5]. - Product revenue for the first half was $3.62 billion, while service revenue accounted for $750 million [5]. Segment Performance - All four major business segments—Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services—experienced growth, with North America showing particularly strong performance [5][6]. - For the first half of 2025, the revenue breakdown by segment was as follows: - Water Infrastructure: $1.23 billion (2% increase) - Applied Water: $918 million (3% increase) - Measurement and Control Solutions: $1.03 billion (8% increase) - Water Solutions and Services: $1.19 billion (3% increase) [6]. Future Outlook - Xylem anticipates full-year revenue for 2025 to be approximately $8.9 billion to $9 billion, representing a growth of about 4% to 5% [7]. - The adjusted EBITDA margin for 2025 is expected to be between 21.3% and 21.8%, an increase of 70 to 120 basis points compared to 2024 [8]. Management Commentary - The CEO of Xylem, Matthew Pine, highlighted the strong quarterly performance across all business segments, with organic revenue growth and record adjusted EBITDA margins, leading to an upward revision of the 2025 performance guidance [9].