Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
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“Our strong financial position gives us the flexibility to invest in organic and inorganic growth while returning capital to shareholders,” said Matthew Pine, Xylem’s President and Chief Executive Officer. “We remain confident in the opportunities ahead and will continue to deploy capital with discipline to drive long-term growth and shareholder value.”
Xylem expects to continue investing in innovation and profitable growth, while maintaining a strong balance sheet and financial flexibility.
About Xylem
Xylem (XYL) is a Fortune 500 global water solutions company that empowers customers and communities to build a more water-secure world. Our 22,000 employees delivered revenue of
Xylem uses our Investor Relations website, www.xylem.com/en-us/investors, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.
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Source: Xylem Inc.