Xylem Inc Stock Price, News & Analysis

EnPro Industries, Inc. (NYSE: NPO) has elected Ron Keating to its Board of Directors. Keating, the current CEO of Evoqua Water Technologies (NYSE: AQUA), brings extensive leadership experience, having led Evoqua since its inception in 2014 and navigating a successful IPO in 2017. His appointment follows the retirement of Bernard Burns, who has served on the board since 2011. Keating's election is effective upon EnPro's filing of its 2022 Form 10-K with the SEC, expected later this month. Chairman David Hauser emphasized Keating's successful track record and commitment to sustainability as key attributes that will benefit EnPro's long-term growth strategy.

Xylem (NYSE: XYL) has launched its second year of the Xylem Innovation Labs commercial accelerator program, accepting 10 startups focused on solving critical water challenges. The program aims to accelerate advanced industrial treatment, regulatory compliance, and sustainability through collaboration with emerging tech companies. The first year supported 15 startups, addressing major issues like water quality and accessibility. Notable innovations include AI-driven wastewater treatment solutions and atmospheric water generation systems. Xylem continues to leverage its extensive resources to facilitate technology adoption in the water industry, aiming for a sustainable future.

Xylem Inc. (NYSE: XYL) reported a 14% increase in fourth quarter revenue, totaling $1.5 billion, with earnings per share of $0.82, a 32% year-over-year growth. For the full year, revenue reached $5.5 billion, marking a 6% increase, despite a 17% decline in net income to $1.96 per share due to a one-time pension settlement. Xylem anticipates 2023 organic growth between 4% and 6% and adjusted earnings per share of $3.00 to $3.25. The company also declared a 10% dividend increase for Q1, reflecting a strong operational performance, and announced plans to acquire Evoqua for $7.5 billion.

Xylem Inc. (NYSE: XYL) has announced an agreement to acquire Evoqua (NYSE: AQUA) in an all-stock deal valued at approximately $7.5 billion. The merger aims to create a transformative platform targeting critical water challenges and enhancing Xylem's leadership in water technologies. Combined revenues are projected to exceed $7 billion, with anticipated cost synergies of $140 million within three years. The transaction is set to close by mid-2023, pending shareholder and regulatory approvals, with Xylem shareholders retaining about 75% of the combined company.

Xylem Inc. (NYSE: XYL) will announce its fourth quarter 2022 financial results on February 7, 2023, at 6:55 a.m. ET. A conference call for investors will follow at 9:00 a.m. ET. The call can be accessed by dialing +1 (800) 225-9448 (US) or +1 (203) 518-9708 (Intl), using ID # XYLQ422. A replay will be available until February 14, 2023. Xylem, a global leader in water technology, reported a revenue of $5.2 billion in 2021, focusing on addressing critical water challenges worldwide.

Xylem Inc. has announced the appointment of Matthew Pine as Chief Operating Officer, effective January 1, 2023. Pine will focus on enhancing operational excellence and driving cost leadership across the company's global segments. With over 25 years of experience, including senior roles in Xylem since 2020, Pine will work closely with CEO Patrick Decker to ensure above-market revenue growth. Xylem aims to optimize water solutions globally while maintaining a commitment to innovation and sustainability.

Xylem, in collaboration with Manchester City Football Club, has launched the Water Heroes Academy for a second year, inviting fans to vote for innovative water and football projects led by young leaders in five global cities: Buenos Aires, Cape Coast, Kuala Lumpur, Melbourne, and Mexico City. The voting period runs from November 22 to December 5. Each project aims to address local water challenges through education and community initiatives. The winning project will provide young leaders a trip to Etihad Stadium for further training and mentorship.

Xylem highlights youth-led initiatives addressing global water challenges at World Water Week 2022 in Stockholm. Notable achievements include Annabelle Rayson’s Stockholm Junior Water Prize for tackling harmful algae blooms and Team WatApp’s victory in the Xylem Water Challenge. Their innovative projects aim to enhance water accessibility through technology. The Xylem Ignite Innovation Challenge engaged over 800 students to foster solutions for real-world issues. Xylem continues its partnership with Manchester City Football Club to expand water education initiatives, aiming to impact 20,000 young people globally.