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 is expanding its corporate venture investing with a $50 million commitment aimed at combating water scarcity, quality issues, and decarbonization.
By investing in innovative startups and partnering with leading venture capital firms, Xylem seeks to accelerate the development of advanced water technologies. The company highlights its growth priorities such as advanced treatment solutions, digital technologies, and services for managing complex water systems.
This initiative builds on Xylem's previous $20 million investments in 2022, which were directed toward Burnt Island Ventures and The Westly Group, focusing on early-stage water innovation and broader energy and industrial solutions.
According to Sivan Zamir, Vice President of Xylem Innovation Labs, the company aims to bring essential innovations to market swiftly and at scale through these collaborative efforts.
Sense and Xylem's Sensus team announced a groundbreaking collaboration to develop the first electric meter in North America capable of capturing and processing 1 MHz data. The high-resolution data will improve grid edge intelligence, helping utilities detect anomalies and enhance grid reliability amidst increasing risks like extreme weather and the rapid integration of renewable energy sources. By embedding Sense's real-time edge intelligence software in Sensus meters, utilities will gain dynamic operational capabilities and more innovative rate creation, aiding regulatory compliance and cost management for customers. This collaboration aims to revolutionize the integration of distributed energy resources and adapt to evolving smart device ecosystems without the need for hardware replacements.
Xylem (NYSE: XYL) will announce its second quarter 2024 financial results on July 30, 2024, at 6:55 a.m. (ET). Following the release, the senior management team will conduct a conference call at 9:00 a.m. (ET) to discuss the results with investors. The call can be accessed via telephone or through the Xylem Investors Events webpage. A replay of the briefing will be available from July 30, 2024, 1:00 p.m. (ET) until August 6, 2024, 11:59 p.m. (ET) both online and via telephone.
Tacoma Public Utilities (TPU) has expanded its deployment of advanced metering infrastructure (AMI) from Xylem to cover both its water and electric services. The initiative includes the installation of 300,000 advanced meters and a FlexNet® communication network, significantly enhancing operational efficiency and customer service. This improved system registers 6.5 million reads daily, enabling more accurate billing and faster response times, important during severe weather events. TPU's proactive pressure management has already prevented potential customer issues, demonstrating the technology's effectiveness in real-time utility management.
Xylem (NYSE: XYL) has announced new 2030 water stewardship goals following its merger with Evoqua. These goals include reducing global water demand by 2 billion cubic meters, cutting the company’s own water intensity by 30%, and increasing supply chain water intensity visibility. The 2023 Sustainability Report highlights their progress since 2019, including treating over 13 billion cubic meters of water and preventing over 8 billion cubic meters of polluted water from flooding communities. In 2023, Xylem reported significant operational improvements, with 19 of 22 major facilities using 100% renewable energy and achieving water recycling and zero waste to landfills. Additionally, Xylem provided clean water and sanitation to 3.8 million people in under-resourced communities and aims to reach 80 million more by 2030.
Xylem (NYSE: XYL), a leading global water technology company, unveiled its multi-year growth strategy and long-term financial framework at its 2024 Investor Day. CEO Matthew Pine, along with senior leaders, outlined plans for above-market growth, margin acceleration through business simplification, and capital allocation updates. The company reaffirmed its 2024 guidance and provided new financial targets through 2027. Xylem projects annual organic revenue growth of 4-6%, with a 100 basis points annual EBITDA margin expansion. The company aims for mid-teens adjusted EPS growth and low-double-digit free cash flow margins annually. The strategy includes updates on the Evoqua integration and new growth opportunities.
Xylem has announced a second quarter dividend of $0.36 per share.
The dividend will be payable on June 27, 2024.
Shareholders must be on record by May 30, 2024, to receive the dividend.
Xylem, a global water technology leader, introduces 'Reuse Brew,' a Bavarian beer made from treated wastewater, showcasing advanced water recycling technologies. The project emphasizes sustainable water management practices in Europe, addressing water scarcity due to climate change.
Xylem Inc. (NYSE: XYL) reported strong first-quarter results, with orders up 43% on a reported basis and 3% organically, revenue up 40% on a reported basis and 7% organically, and earnings per share up 17%. The company raised full-year revenue guidance to approximately $8.5 billion, up 15% to 16%, with organic revenue growth of 4% to 6%, and adjusted EPS guidance to $4.10 to $4.25.
Xylem Inc. (NYSE: XYL) will be participating in various upcoming investor conferences, where key executives will present and engage with investors. The company aims to showcase its commitment to addressing global water challenges through innovative water technology solutions. Details of the conferences and participating executives have been outlined, with webcast replays available on the Investor Relations website.
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