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Xylem (NYSE: XYL) has announced new 2030 water stewardship goals following its merger with Evoqua. These goals include reducing global water demand by 2 billion cubic meters, cutting the company’s own water intensity by 30%, and increasing supply chain water intensity visibility. The 2023 Sustainability Report highlights their progress since 2019, including treating over 13 billion cubic meters of water and preventing over 8 billion cubic meters of polluted water from flooding communities. In 2023, Xylem reported significant operational improvements, with 19 of 22 major facilities using 100% renewable energy and achieving water recycling and zero waste to landfills. Additionally, Xylem provided clean water and sanitation to 3.8 million people in under-resourced communities and aims to reach 80 million more by 2030.
Xylem (NYSE: XYL), a leading global water technology company, unveiled its multi-year growth strategy and long-term financial framework at its 2024 Investor Day. CEO Matthew Pine, along with senior leaders, outlined plans for above-market growth, margin acceleration through business simplification, and capital allocation updates. The company reaffirmed its 2024 guidance and provided new financial targets through 2027. Xylem projects annual organic revenue growth of 4-6%, with a 100 basis points annual EBITDA margin expansion. The company aims for mid-teens adjusted EPS growth and low-double-digit free cash flow margins annually. The strategy includes updates on the Evoqua integration and new growth opportunities.
Xylem has announced a second quarter dividend of $0.36 per share.
The dividend will be payable on June 27, 2024.
Shareholders must be on record by May 30, 2024, to receive the dividend.
Xylem, a global water technology leader, introduces 'Reuse Brew,' a Bavarian beer made from treated wastewater, showcasing advanced water recycling technologies. The project emphasizes sustainable water management practices in Europe, addressing water scarcity due to climate change.
Xylem Inc. (NYSE: XYL) reported strong first-quarter results, with orders up 43% on a reported basis and 3% organically, revenue up 40% on a reported basis and 7% organically, and earnings per share up 17%. The company raised full-year revenue guidance to approximately $8.5 billion, up 15% to 16%, with organic revenue growth of 4% to 6%, and adjusted EPS guidance to $4.10 to $4.25.
Xylem Inc. (NYSE: XYL) will be participating in various upcoming investor conferences, where key executives will present and engage with investors. The company aims to showcase its commitment to addressing global water challenges through innovative water technology solutions. Details of the conferences and participating executives have been outlined, with webcast replays available on the Investor Relations website.
