Xylem Inc.
Xylem Reports Q3 2024 Earnings with 41% EPS Increase and Narrowed Full-Year Guidance
Summary
Xylem Inc. reported third-quarter 2024 results with revenue of $2.1 billion, a 1% increase on a reported and organic basis. The company reported earnings per share (EPS) of $0.89, a 41% increase on a reported basis, and $1.11 on an adjusted basis, a 12% increase. Net income was $217 million, or $0.89 per share, with net income margin increasing to 10.3%. Adjusted net income was $269 million, or $1.11 per share. The company narrowed its full-year revenue guidance to $8.5 billion, with organic revenue growth of approximately 5%, and adjusted its full-year adjusted EPS guidance to $4.22 to $4.24. Orders grew 8% on a reported and organic basis, and third-quarter adjusted EBITDA margin was 21.2%, reflecting a year-over-year increase of 140 basis points.
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About Xylem Inc.
Xylem Inc. is a leading global water technology company. It focuses on designing, manufacturing, and delivering solutions for water and wastewater applications. Xylem offers a diverse range of products such as pumps, valves, and treatment equipment that cater to vital sectors including municipal water, industrial water, and agriculture. Its solutions help address critical water challenges by improving the efficiency, reliability, and sustainability of water systems worldwide. The company plays a significant role in the environmental management sector by providing technology that enables the effective management and distribution of water resources. Xylem's innovations are crucial in tackling issues related to water scarcity, treatment, and reuse, making it a key player in the sustainable management of global water challenges. Headquartered in Rye Brook, New York, Xylem operates across various regions, impacting diverse markets with its end-to-end water solutions. By continuously focusing on research and development, the company is at the forefront of addressing both clean water provision and wastewater challenges. Xylem Inc. thus stands as a pivotal contributor to enhancing the efficiency of water systems, crucial for environmental sustainability and human well-being.
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