Xylem Inc - XYL STOCK NEWS

Xylem, a global water technology leader, awarded Team WatApp the Xylem Water Challenge award at HackZurich 2022 for their innovative app promoting sustainable water consumption. This app aims to change public water habits through educational gaming, offering recommendations based on user habits and local context. Amidst the worst drought in 500 years in Europe, the initiative highlights urgent needs for sustainability in water usage. Xylem has engaged over 6,600 students in water solutions through its Xylem Ignite program.

Xylem (NYSE: XYL) is participating in the IWA World Water Congress & Exhibition in Copenhagen from September 11-15, 2022. They aim to address global water security challenges faced by 2.3 billion people living in water-stressed countries. Notable executives, including Dave Flinton and Austin Alexander, will discuss innovative business models and climate resilience. Xylem is also hosting forums on digital innovation and decarbonization. They recognize 42 utilities for climate leadership at the event, reinforcing their commitment to sustainable water management.

Annabelle M. Rayson from Canada has won the prestigious 2022 Stockholm Junior Water Prize for her research on treating harmful algae blooms. HRH Crown Princess Victoria of Sweden announced the winner during World Water Week in Stockholm. Rayson’s work addresses significant issues affecting water quality and ecosystems, which have economic impacts on fishing and tourism. The jury praised her bio-inspired research as a potential solution to a multi-faceted global problem. Xylem, as the founding partner of the prize, encourages innovative solutions to water-related challenges.

The Board of Directors of Xylem (NYSE: XYL) has declared a third quarter dividend of $0.30 per share, payable on September 29, 2022 to shareholders of record as of September 1, 2022. Xylem is a global leader in water technology, generating $5.2 billion in revenue in 2021. The company is dedicated to addressing water and infrastructure challenges, supporting sustainable water and resource management in over 150 countries.

Xylem Inc. (NYSE: XYL) reported a strong second quarter with revenues of $1.4 billion, marking a 1% increase on a reported basis and 6% organically. Adjusted earnings per share reached $0.66, exceeding guidance. The company raised its full-year organic revenue growth forecast to 8-10% from 4-6% and adjusted EPS guidance to $2.50-$2.70. However, the adjusted EBITDA margin declined to 16.6%, impacted by inflation and chip supply shortages. Segment performance varied; Water Infrastructure saw 9% organic growth, while Measurement & Control Solutions faced a 2% decline due to ongoing supply issues.

Xylem Inc. (NYSE: XYL), a global leader in water technology, is set to announce its second quarter 2022 results on August 2, 2022, at 6:55 a.m. (ET). A conference call with the senior management team will follow at 9:00 a.m. (ET) to discuss the results and engage with investors. Xylem reported revenue of $5.2 billion in 2021 and is focused on addressing critical water and infrastructure challenges globally. The call details and a replay will be available on the company's investor relations website.

Xylem recently concluded the second annual Xylem Ignite Global Student Innovation Challenge, rewarding over $20,000 in prizes to students addressing water and climate issues. The competition attracted participation from more than 800 students across 51 countries. Team SWiFT from Santa Clara, CA, won the secondary school category for innovations to enhance water pump lifespan, while Team AquaFlo from Canada won in the university category for their solutions to improve hand pump service notifications. The winners can access Xylem's Ignite Innovation Incubator for further development of their concepts.

Xylem (NYSE:XYL) is showcasing its digital water technology at the AWWA Annual Conference & Exposition (ACE22) in San Antonio, Texas, from June 12-15. The company aims to tackle critical water challenges through data-driven insights and innovative solutions. Key presentations include topics on pressure management, emergency preparedness, and the development of smart water utilities. Xylem's commitment to sustainable water management is underlined by their $5.2 billion revenue in 2021, as they continue to support global communities in achieving water security.

Manchester City has renewed its global partnership with water technology leader Xylem (NYSE:XYL), targeting to mobilize 100 million people to tackle water-related challenges. This partnership encompasses Manchester City’s men’s and women’s teams, New York City FC, and Mumbai City FC, with a shared mission to enhance water awareness and sustainability efforts. Over four years, they have reached over 1 billion people through educational initiatives. Xylem aims to support City Football Group's goal of becoming carbon neutral and water positive by 2030, enhancing efficiency in water management.