Xylem Inc - XYL STOCK NEWS

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.

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.