Xylem Inc - XYL STOCK NEWS

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.

Xylem Inc. (NYSE: XYL) reported a strong performance for 2021, achieving full-year revenue of $5.2 billion, a 7% increase on a reported basis. The company noted a significant growth in adjusted earnings per share to $2.49, up 21%. Despite facing challenges with supply chain constraints, particularly chip shortages, Xylem provided a 2022 revenue guidance of $5.25 to $5.35 billion, reflecting 1-3% growth. The adjusted EBITDA margin for 2022 is expected to be between 16% and 17%, with anticipated earnings per share ranging from $2.35 to $2.70.

Xylem (NYSE:XYL) has appointed Mark Morelli to its Board of Directors, effective February 3, 2022. Morelli, currently the CEO of Vontier Corporation, has extensive leadership experience in industrial technology. His prior roles include CEO of Columbus McKinnon and President of United Technologies. Xylem's leadership believes Morelli's expertise will enhance the company's strategy for digital transformation and sustainability, ultimately creating value for shareholders.