Xylem Inc - XYL STOCK NEWS

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.

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.