Xylem Inc - XYL STOCK NEWS

Xylem Inc. (XYL) reported a 22% growth in orders and 4% revenue growth for Q3 2021. Net income was $114 million or $0.63 per share, with an adjusted net income of $116 million. However, the company lowered its full-year organic revenue guidance to 3% to 4% and adjusted earnings per share to $2.40 to $2.50, citing ongoing supply constraints, particularly related to chip shortages. While demand for water solutions remains strong, these challenges have hindered order conversion, affecting overall outlook.

Xylem Inc. (NYSE: XYL) has announced an expanded partnership with Imagine H2O, a leading water innovation accelerator. This collaboration focuses on supporting startups in Southeast Asia dedicated to addressing water challenges. Xylem will leverage its Innovation Labs to mentor and evaluate entrepreneurial solutions for water access and infrastructure resilience. The initiative aims to mobilize innovation swiftly in response to ongoing droughts and weather events. Applications for the Urban Water Challenge are currently open, encouraging startups to promote water sustainability in coastal cities.

Xylem Inc. (NYSE: XYL) will announce its third quarter 2021 results on November 2, 2021, at 6:55 a.m. ET. A conference call will follow at 10:00 a.m. ET, where senior management will engage with investors. Interested parties can access the call by dialing 866-342-8591 (US) or +1 (203) 518-9713 (INTL) with ID # XYLQ321. Additionally, a replay will be available until November 9, 2021. Xylem reported revenue of $4.88 billion in 2020, focusing on innovative water technology solutions globally.

Xylem, a global water technology company, has called on water sector leaders to unite for a global sustainability initiative aimed at reducing greenhouse gas emissions associated with water management. The plea follows Xylem's commitment to achieve net-zero carbon emissions across its value chain by 2050. Currently, water management contributes up to 10% of global greenhouse gas emissions. The company collaborates with various organizations to encourage water utilities to adopt ambitious targets in line with the UN’s Race to Zero campaign, highlighting the urgent need for sustainable practices in the sector.

Xylem (NYSE:XYL) is hosting the 2021 Xylem Reach Conference from October 24-27, featuring both in-person and virtual sessions in New Orleans. The conference aims to tackle challenges such as aging infrastructure and severe weather, showcasing the shift to digital adoption in the utility sector. Attendees will gain insights from industry leaders and network with peers. Xylem, a global water technology company, reported $4.88 billion in revenue in 2020, emphasizing its commitment to innovation and sustainability in over 150 countries.

Xylem (NYSE:XYL) partners with football coach Pep Guardiola to tackle global water challenges through public engagement and education. The initiative, involving Guardiola's Guardiola Sala Foundation, aims to reach millions and promote awareness of water issues. Their first campaign, 'Water Heroes FC', calls for community action. Xylem's existing collaboration with Manchester City Football Club has already engaged over a billion people, focusing on establishing young water ambassadors and improving water sustainability.

Xylem Inc. (NYSE:XYL) has partnered with Dragos, Inc. to enhance cybersecurity for critical water infrastructure. This collaboration aims to provide incident response and prevention services to Xylem’s global water utility customers. The initiative is positioned to improve operational security while modernizing water systems, reducing costs, and enhancing resilience against climate change. Both companies emphasize the importance of securing water infrastructures from cyber threats, with services available on a retainer basis that ensure effective threat management and operational uptime.

Xylem (NYSE:XYL) reaffirmed its growth strategy and long-term financial framework during its Investor Day. CEO Patrick Decker highlighted robust underlying demand for sustainable water solutions, expecting annual organic revenue growth of 4-6% and adjusted EBITDA margin expansion of 50-75 basis points. However, due to supply chain volatility, the company anticipates a $100 million adverse revenue impact in the second half of 2021. Xylem Vue, a digital ecosystem, was also announced to enhance technological capabilities in the water sector.

Xylem congratulated the winning team 'Res-Queue' at HackZurich2021 for their innovative decision support system addressing flood response challenges. The system uses machine learning to analyze real-time images, optimizing rescue operations amid increasing flooding risks due to climate change. With the UN projecting 1.6 billion people at risk of flooding by 2050, Xylem emphasizes the importance of digital solutions in managing water challenges. This initiative aligns with the Xylem Ignite program, engaging over 6600 students in tackling water issues.