Welcome to our dedicated page for Xylem news (Ticker: XYL), a resource for investors and traders seeking the latest updates and insights on Xylem stock.
Xylem Inc. (NYSE: XYL) is a premier global water technology provider with a mission to create innovative solutions for the world’s most challenging water and wastewater problems. Headquartered in Rye Brook, New York, Xylem operates in more than 150 countries and offers a diverse range of products and services that cater to public utilities, residential and commercial building services, and industrial and agricultural sectors.
With roots tracing back to its spin-off from ITT in 2011, Xylem has quickly grown to become a leader in the water technology industry. As of 2023, the company generated $7.4 billion in revenue and employed approximately 16,200 people worldwide.
Xylem's product portfolio includes advanced transport systems, cutting-edge treatment solutions, precise testing equipment, and efficient water usage technologies. The company is renowned for its market-leading brands, each known for their innovation and efficacy. Xylem also boasts a strong commitment to sustainability, being named to the Dow Jones Sustainability Index multiple times for its sustainable business practices and solutions.
Recent achievements include significant advancements in smart water infrastructure, partnerships with leading environmental organizations, and investments in research and development to drive future growth. Xylem’s local solutions are designed to meet global needs, demonstrating its expertise and dedication to improving water systems globally.
In terms of financial health, Xylem has consistently shown robust revenue growth, reflecting its strong market position and the effectiveness of its strategic initiatives. The company's ongoing projects aim to enhance water accessibility, quality, and efficiency across various regions, further solidifying its role as a critical player in the water technology space.
Xylem Inc. continues to pioneer in the water technology sector through its innovative solutions and unwavering commitment to addressing the world’s water challenges. For investors and stakeholders, Xylem represents a blend of steady growth, sustainability, and technological innovation.
Stay updated with the latest news and developments from Xylem Inc. to understand how this industry leader is shaping the future of water technology.
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.
Xylem (NYSE:XYL) announced that nearly 80% of its 16,000 employees volunteered over 113,000 hours in 2021 to address urgent water issues globally, doubling their participation from 2020 amid COVID-19 challenges. Initiatives included supporting flood relief in Henan and Germany, as well as the “Aquaton” challenge raising funds for clean water access. Xylem aims to enhance water and sanitation sustainability through its Watermark program, setting goals to aid 20 million people by 2025.
Xylem Inc. (NYSE: XYL) will announce its fourth quarter 2021 results on February 3, 2022, at 6:55 a.m. ET. Following this, management will host a conference call for investors at 10:00 a.m. ET. Investors can access the call by phone or via the company's website. The call replay will be available from 1:00 p.m. ET on the same day until February 10, 2022. In 2020, Xylem achieved revenues of $4.88 billion, supporting its mission to address global water and infrastructure challenges.
Xylem Inc. (NYSE: XYL) announces the appointment of Dorothy Capers as Senior Vice President and General Counsel, effective February 7, 2022. Claudia Toussaint, the former General Counsel, now takes on the dual role of Chief Human Resources and Sustainability Officer. This move aims to integrate human capital and environmental, social, and governance (ESG) strategies. Capers brings extensive experience in legal and governance from her previous role at National Express Group, enhancing Xylem's leadership in diversity, equity, and inclusion.
Xylem (NYSE:XYL) has partnered with Isle Utilities to launch the Trial Reservoir, a new funding mechanism aimed at supporting groundbreaking technologies that reduce carbon emissions in water systems. This initiative will provide early-stage technology companies access to capital for pilot projects, addressing a significant barrier in the deployment of innovative water management solutions. The fund is expected to facilitate the first utility pilots in early 2022, promoting collaboration between utilities and innovators globally.
Xylem (XYL) has partnered with UNESCO to sponsor the Second International Conference on Water, Megacities and Global Change (EauMega 2022), scheduled for January 11-14, 2022, in Paris. This virtual conference aims to address key challenges in providing water services for large urban populations and mitigating climate change effects. Xylem's president emphasized the company's commitment to advancing technologies to help cities become more resilient. The event will foster dialogue and knowledge sharing among stakeholders to improve water management in megacities.
Xylem is partnering with UNICEF to enhance water, sanitation, and hygiene (WASH) awareness among over 3.4 million children in India’s vulnerable communities by the end of 2023. The initiative targets schools and pre-schools, addressing critical issues as 25% of Indian children face high water vulnerability. The collaboration aims to implement gender-sensitive WASH facilities and promote hygiene practices, particularly in the context of COVID-19. This partnership contributes to the UN Sustainable Development Goals, furthering Xylem’s commitment to sustainable water access.
Xylem Inc. (NYSE: XYL) announced new leadership in its Investor Relations team, effective January 1, 2022. Matthew Latino, previously Vice President of Investor Relations, becomes Vice President of Finance for the Applied Water Systems and Americas Commercial Team. Samir Patel, currently Treasurer, is appointed Vice President of Treasury and Investor Relations. Both will report to Sandra Rowland, the Chief Financial Officer. Xylem, a global water technology leader, aims to enhance shareholder engagement and capitalize on expertise in their new roles.
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