Xylem Inc Stock Price, News & Analysis

Xylem Inc. (NYSE: XYL), a leading global water solutions company, has announced the release of its third quarter 2024 financial results on October 31, 2024, at 6:55 a.m. (ET). The company's senior management team will host a conference call with investors at 9:00 a.m. (ET) on the same day.

Investors can access the call by dialing +1 (866) 777-2509 (US) or +1 (412) 317-5413 (INTL), or by visiting the Xylem website. A replay of the briefing will be available on the company's website and via telephone from October 31, 2024, 1:00 p.m. (ET) until November 7, 2024, at 11:59 p.m. (ET). The telephone replay can be accessed at +1 (877) 344-7529 or +1 (412) 317-0088 (INTL) using Access Code #3281170.

New York's Great Neck Water Pollution Control District has partnered with Xylem to optimize their wastewater management systems. The district has simplified key asset designs, incorporating Xylem's Flygt pumps to reduce pump types over the past eight years. Recently, they added the Xylem Vue powered by GoAigua digital platform, providing a unified view of their wastewater collection system.

This software integrates data from multiple sources, allowing the team to view information from three separate supervisory control and data acquisition systems on a single dashboard. This simplifies operations and provides important information during daily work, repairs, and storm events. The implementation aligns with Great Neck's vision of a smarter, more resilient wastewater system.

Xylem will showcase these innovations at WEFTEC 2024 in New Orleans, booth #4429, from October 7-9. Attendees can learn about Great Neck's streamlined operations on October 7 from 1-1:30 p.m.

ElectraMet has signed a memorandum of understanding with Xylem Inc. (NYSE: XYL) to explore collaboration on scalable peroxide and metals removal solutions for North American lithium-ion battery recyclers and microelectronics manufacturers. The integrated solutions, expected to be available this year, will combine ElectraMet's technology for targeted metal removal and recovery with Xylem's pre- and post-treatment solutions. This collaboration aims to provide higher value impact in a condensed footprint, addressing the growing demand for turnkey, sustainable waste remediation solutions that comply with tightening regulations and ESG reporting requirements.

The proposed solutions will enable onsite metal recovery and peroxide removal, enhancing water reuse efficiency and reducing the need for hazardous waste transport, thereby minimizing associated operational risks.

The Canadian city of North Battleford in Saskatchewan has successfully modernized its water utility operations using Xylem's (NYSE: XYL) digital solutions. The city deployed smart water meters and the Sensus FlexNet® communication network to address water loss and improve efficiency. Key benefits include:

1. Real-time data for proactive leak detection
2. Immediate customer notifications for small leaks
3. Remote shutoffs and reconnects
4. Savings of approximately $125,000 CAD in staff time
5. Reduced fleet and fuel use, supporting carbon emission reduction efforts

The new system has enabled the city to uncover various issues quickly, from pipe bursts to sprinkler system leaks, demonstrating the effectiveness of Xylem's technology in modernizing water infrastructure and improving utility operations.

Christopher Whitfield and Wenqi (Jonathan) Zhao from the UK have won the Stockholm Junior Water Prize 2024 for their innovative work on PFAS pollution in the Thames Basin. They developed a geospatial neural network that predicts PFAS values with 90% accuracy. The project identifies PFAS hotspots using machine learning, field-tests results, and develops a cost-effective filtration system.

The Diploma of Excellence was awarded to Shanni Valeria Mora Fajardo and Rosa Mendoza Sosa from Mexico for their work on reusing inked water with homemade filtration for veggie gardens. Manoel José Nunes Neto from Brazil won the People's Choice Award. The Stockholm Junior Water Prize, organized annually since 1997, is hosted by the Stockholm Water Foundation with Xylem as Founding Partner.

Xylem (NYSE: XYL) has announced its third quarter dividend for 2024. The company's Board of Directors has declared a dividend of $0.36 per share, which will be payable on September 26, 2024. Shareholders who are on record as of August 29, 2024, will be eligible to receive this dividend. This announcement demonstrates Xylem's commitment to returning value to its shareholders and maintaining a consistent dividend policy.

Xylem Inc. (NYSE: XYL), a leading global water technology company, has announced its participation in two upcoming investor conferences. The company will be represented at the Stifel Cross Sector Conference in London on September 5, where Chief Financial Officer Bill Grogan and VP of Investor Relations Keith Buettner will present and meet with investors.

Additionally, Xylem will attend the RBC Global Markets Conference in Las Vegas on September 24. At this event, Bill Grogan will be joined by Tom Pettit, Chief Operations and Supply Chain Officer, and Keith Buettner for presentations and investor meetings.

Webcasts of these presentations will be available for replay on Xylem's Investor Relations website for 90 days following the events, providing an opportunity for interested parties to stay informed about the company's latest developments and strategies.

Xylem Inc. (NYSE: XYL) reported strong second-quarter 2024 results, with revenue of $2.2 billion, up 26% on a reported basis and 9% organically. Earnings per share rose 78% to $0.80, or $1.09 on an adjusted basis, up 11%. The company raised its full-year guidance, now expecting revenue of $8.55 billion, a 16% increase, with organic growth of 5-6%. Adjusted EPS guidance was increased to $4.18-$4.28.

Net income reached $194 million, with a margin increase of 360 basis points to 8.9%. Adjusted EBITDA margin expanded 170 basis points to 20.8%. The company cited healthy demand, disciplined operational execution, and progress on Evoqua integration and synergies as key drivers of performance.

Xylem's 2024 Global Student Innovation Challenge saw teams from the Philippines and Algeria win grand prizes for their water conservation solutions. The challenge, part of Xylem's youth program Xylem Ignite, attracted over 4,400 students from 150 countries to tackle critical water issues.

The high school division winners, Team AGWE from the Philippines, developed an augmented reality tool for water conservation awareness. The university division winners, The Blue team from Algeria, created an immersive learning experience on water management topics.

Winning teams share a $20,000 prize pool and can join Xylem's Innovation Incubator for further project development. The challenge, now in its fourth year, has seen nearly sevenfold growth in student participation since 2021, highlighting increasing youth engagement in water sector innovation.