Xylem Inc Stock Price, News & Analysis

Xylem (NYSE:XYL) has launched the Flygt Bibo^α, a new dewatering pump that offers up to 60% energy savings and 70% reduction in wear and tear compared to traditional models. Designed with built-in intelligence, this pump adapts to environmental conditions and reduces maintenance costs by up to 50%. Field tests at Renström mine showed a 40% reduction in product and repair costs, with New Boliden ordering additional units. Flygt Bibo^α is poised for global launch later this year, following initial availability in select European countries.

Xylem Watermark, in collaboration with Americares, aims to improve access to clean water and sanitation for 1 million people in 2021, building on prior success that reached 3.5 million during the pandemic. They will provide WASH infrastructure repairs and education in six countries, including India and Bangladesh, to help communities facing COVID-19 spikes. Notably, in Mumbai, the initiative will support healthcare facilities for 70,000 people in low-income areas. The program reflects a commitment to water security in impoverished regions while integrating health support to mitigate infection risks.

Xylem (NYSE:XYL) has made significant strides in sustainability, as highlighted in its 2020 report. The company facilitated the re-use of over one trillion gallons of water and prevented 369 billion gallons of polluted water from flooding communities. Notably, they raised $1 billion in green bonds, reduced water use intensity by 30%, and cut greenhouse gas emissions by over 7%. Xylem aims to transition its fleet to electric vehicles, targeting a 45% reduction in emissions. These efforts underscore their commitment to addressing water scarcity and environmental protection by 2025.

The Board of Directors of Xylem has announced a second quarter dividend of $0.28 per share, payable on June 24, 2021, to shareholders on record as of May 27, 2021. In 2020, Xylem generated $4.88 billion in revenue, demonstrating its commitment to solving critical water and infrastructure challenges across over 150 countries. With a workforce exceeding 16,000 employees, Xylem is focused on sustainability and innovation in water resource management.

Xylem Inc (NYSE: XYL) has partnered with FortisBC Energy Inc to implement a Sensus advanced gas meter network in British Columbia. This initiative aims to modernize FortisBC's metering infrastructure, benefiting over one million natural gas customers. With a planned deployment of approximately one million Sonix IQ gas meters, the project will enhance safety features and operational resilience. The 20-year agreement includes Managed Services and Software as a Service solutions, aiming to begin deployment in 2023, pending regulatory approval.

Xylem Inc. (NYSE: XYL) reported first quarter 2021 revenue of $1.26 billion, reflecting a 12% growth on a reported basis and 8% growth organically. The adjusted EBITDA margin increased by 480 basis points to 17.1%, driven by strong demand and cost discipline. Net income stood at $87 million or $0.48 per share. Xylem raised its full-year guidance, now expecting organic revenue growth between 5% and 7% and adjusted EPS of $2.50 to $2.70. All segments showed strong performance, especially in Water Infrastructure and Applied Water.

Xylem (NYSE:XYL) has partnered with Esri to enhance water management solutions through joint technical development and marketing efforts. This collaboration aims to digitalize water infrastructure, enabling utilities to optimize network operations significantly. A notable outcome from their partnership includes an AI-driven pipeline analysis that cut costs by $70 million—approximately 80%—and reduced pipeline failures by 400%. As one of the few Esri Platinum Partners, Xylem is positioned to leverage advanced location intelligence to address global water challenges effectively.

Xylem Inc. (NYSE: XYL) will announce its first quarter 2021 results on May 4, 2021, at 6:55 a.m. (ET). A conference call with senior management will follow at 10:00 a.m. (ET) to discuss the results with investors. The call can be accessed at +1 (973) 935-2945 (ID # 5567508) or through their website. A replay of the call will be available until June 2, 2021, by calling +1 (800) 585-8367 or +1 (404) 537-3406 (ID # 5567508).

Xylem reported $4.88 billion in revenue for 2020, emphasizing its commitment to addressing global water challenges.

Xylem Inc. (NYSE: XYL) reported fourth quarter revenue of $1.37 billion and full-year revenue of $4.88 billion, surpassing expectations despite COVID-19 impacts. However, operating margins declined with fourth quarter adjusted margins at 13.8%, down 120 basis points year-over-year. Net income for Q4 was $148 million or $0.82 per share. For 2021, Xylem forecasts revenue between $5.16 to $5.26 billion, with adjusted EPS projected at $2.35 to $2.60, reflecting a 14 to 26 percent increase from 2020. An 8% increase in the dividend to $0.28 per share was also announced.