Xylem Inc - XYL STOCK NEWS

Acuren (OTCQX: TICA), based in Tomball, Texas, has announced that its senior leadership will participate in the CJS Securities “New Ideas for the New Year” Virtual Conference on Tuesday, January 14, 2025.

Xylem Inc. (NYSE: XYL), a global water solutions company, has announced it will release its fourth quarter and full year 2024 financial results on February 4, 2025, at 6:55 a.m. ET. The company's senior management team will host an investor conference call at 9:00 a.m. ET on the same day.

Investors can access the call through US (+1 866-777-2509) or international (+1 412-317-5413) phone lines. A replay will be available via telephone from February 4, 1:00 p.m. ET until February 18, 11:59 p.m. ET, using access code 5412340.

Immokalee Water & Sewer District in Collier County, Florida, has partnered with Xylem (NYSE: XYL) and Core & Main for a comprehensive digital transformation initiative. The project includes deploying over 7,200 ally® residential water meters and implementing the Sensus FlexNet® communication network to enhance operational efficiency.

The modernization will enable remote meter management, water pressure tracking, and water quality monitoring. The district, serving 24,000+ year-round residents, will utilize the Xylem Vue platform to integrate data from multiple sources into a single platform, improving emergency response capabilities during hurricane season. The project, supported by State of Florida funding, aims to maintain affordable rates while managing seasonal population fluctuations that double water usage during harvest season.

Xylem (NYSE: XYL) has acquired a majority stake in Idrica, a water data management and analytics leader. The partnership integrates Idrica's technology platform with Xylem's digital water solutions portfolio under Xylem Vue, offering utilities real-time insights to address water scarcity and aging infrastructure challenges.

The integration has already shown significant results: The City of Hot Springs, Arkansas reduced non-revenue water loss by nearly 50% using Xylem Vue's virtual district metering areas. In Monterrey, Mexico, SADM achieved overall water savings of 17% (up to 37% in key pipeline sections) by implementing smart monitoring and management of water pressure, flow, and consumption through the platform.

The City of Hot Springs has achieved nearly 50% reduction in non-revenue water loss by implementing Xylem's digital solutions. The 143-year-old water system, challenged by aging infrastructure and rocky terrain, underwent modernization through advanced metering infrastructure (AMI) using Sensus iPERL meters and the FlexNet communication network. The technology upgrade enabled real-time leak detection, helping identify and fix significant water losses, including a four-million-gallon leak and a fire hydrant leaking 2,000 gallons per hour. The city further enhanced monitoring through virtual district metering areas with Xylem Vue, allowing precise identification of high water loss zones.

Xylem (NYSE: XYL) announced its Board of Directors has declared a fourth quarter dividend of $0.36 per share. The dividend will be paid on December 24, 2024, to shareholders of record as of November 26, 2024.

Xylem (NYSE: XYL) reported third-quarter 2024 results with revenue of $2.1 billion, up 1% on both reported and organic basis. Net income reached $217 million, with earnings per share of $0.89, up 41%. Adjusted EPS was $1.11, increasing 12%. The company narrowed its full-year 2024 guidance, projecting revenue of $8.5 billion (15% YoY growth) and adjusted EPS of $4.22-$4.24. Orders grew 8% on reported and organic basis, while EBITDA margin expanded to 21.2%, up 140 basis points year-over-year. The Evoqua integration is ahead of schedule with accelerating synergy capture.

Fort Worth Water's implementation of Advanced Metering Infrastructure (AMI) with Xylem technology has led to significant improvements in operational efficiency and customer service. The utility installed nearly 300,000 residential and commercial meters compatible with Xylem's Sensus FlexNet® communication network, resulting in:

1. A 90% reduction in field investigations
2. Over $1 million in cost savings
3. Near real-time data collection and secure transmission
4. Improved water loss management and categorization
5. Enhanced ability to pinpoint repair needs

The AMI system has been important in managing increased demand as Fort Worth's population approaches 1 million. The transition from manual to remote meter reading has streamlined operations and empowered customers to monitor their water usage. Annual field investigations dropped from over 7,000 in 2019 to less than 700 in 2024.

Xylem Inc. (NYSE: XYL) has appointed Meredith Emmerich as Senior Vice President and President of its Applied Water segment, effective October 21. Emmerich, who will report to CEO Matthew Pine, brings over 20 years of experience in smart solutions for industrial and commercial buildings. She previously served as Vice President of Carrier Global 's Global Enterprise Solutions.

Emmerich succeeds Franz Cerwinka, who will transition to a senior advisor role until March 2025. The Applied Water segment provides advanced water management solutions for industrial and commercial buildings markets. Xylem's CEO highlighted Emmerich's track record in driving sustainable growth and margin expansion, as well as her expertise in smart building solutions.