Xylem Inc - XYL STOCK NEWS

Xylem has released its annual Sustainability Report, highlighting significant progress in addressing global water challenges. In 2021, the company reduced its net greenhouse gas (GHG) emission intensity by 12% and achieved 100% renewable energy in over half of its major facilities. Notably, Xylem's technologies assisted customers in reusing more than 285 billion gallons of water and preventing over 500 billion gallons of polluted water from flooding communities. The company remains committed to achieving net-zero carbon emissions by 2050.

Xylem Inc. (NYSE: XYL) has announced a second quarter dividend of $0.30 per share, payable on June 23, 2022, to shareholders of record as of May 26, 2022. The company reported revenue of $5.2 billion in 2021, highlighting its position as a leading global water technology firm focused on addressing critical water and infrastructure challenges. Xylem operates in over 150 countries, enhancing water management sustainability.

Xylem reported a first quarter revenue of $1.3 billion, a 1% increase year-over-year, with organic growth reaching 14%. Adjusted earnings per share were $0.47, slightly above expectations. The company raised its full-year organic revenue guidance to 4% to 6% and adjusted EPS to $2.40 to $2.70, reflecting strong demand and commercial momentum. However, adjusted EBITDA margin decreased to 14.2%, impacted by inflation and chip shortages. Notable segment performance included $533 million in Water Infrastructure and $425 million in Applied Water.

Xylem Inc. (NYSE: XYL) has committed to invest $5 million in financial institutions that serve underserved communities, utilizing CNote's Impact Cash™ platform. The investments will target banks aligned with Xylem's commercial presence, enhancing economic opportunities. This initiative underlines Xylem's sustainability strategy, complementing previous efforts like an $800 million sustainability-linked credit facility and a $1 billion green bond offering. CFO Sandra Rowland emphasized the importance of aiding communities facing financial constraints.

Xylem (NYSE:XYL) has announced a total investment of $20 million in venture capital funds Burnt Island Ventures and The Westly Group, aimed at fostering technological advancements in water and industrial sectors. This investment is part of Xylem's Xylem Innovation Labs program to enhance its innovation ecosystem and support emerging technologies in the water value chain. Industry leaders highlighted the importance of collaborating with startups to drive innovation and meet global water challenges.

Xylem has launched Xylem Edge Control, a suite of digital solutions aimed at optimizing wastewater treatment processes. This innovation allows operators to potentially reduce energy consumption from aeration by up to 25%, enhancing nutrient removal while minimizing costs. The solutions employ real-time analytics to inform process adjustments, supporting utilities in meeting compliance targets and sustainability goals. It has been tested successfully in North America, including in Muncie, Indiana, showcasing significant operational savings.

Xylem Inc. (NYSE: XYL) will release its first quarter 2022 results on May 4, 2022, at 6:55 a.m. (ET), followed by a conference call at 9:00 a.m. (ET) for investors. The call can be accessed via phone or online. In 2021, Xylem reported a revenue of $5.2 billion, emphasizing its role as a leader in water technology, serving communities in over 150 countries.

Xylem (NYSE:XYL) has announced its relocation of headquarters to Washington, D.C., aiming to enhance collaboration within the water sector. CEO Patrick Decker emphasized the importance of being at the center of global water challenges, fostering a leaner structure while strengthening stakeholder relationships. The new headquarters will be co-located with the Reservoir Center for Water Solutions, set to open in June. Xylem's 2021 revenue reached $5.2 billion, reflecting its commitment to sustainable water management across 150 countries.