Xylem Inc - XYL STOCK NEWS

Xylem (NYSE: XYL) and Manchester City Football Club are urging fans to address the critical issue of untreated wastewater ahead of the UN 2023 Water Conference. UNESCO reports that 80% of global wastewater is released untreated, harming ecosystems and public health. Through the 'Water Heroes' campaign, fans can access resources and pledge support for wastewater treatment. A promotional film featuring Pep Guardiola highlights the urgency of this issue. The collaboration aims to inspire a global movement of one billion advocates for water sustainability. Xylem's revenue reached $5.5 billion in 2022, reinforcing its commitment to solving water challenges.

Xylem (NYSE: XYL) has appointed Earl Ellis to its Board of Directors, effective March 9, 2023. Mr. Ellis, currently the CFO of ABM Industries (NYSE: ABM), brings over 25 years of financial expertise from his roles at major public companies like Best Buy and Campbell Soup. Xylem's leadership expressed excitement about his ability to enhance financial strategies and support growth while promoting diversity and sustainability initiatives. The company, a global leader in water technology, reported $5.5 billion in revenue for 2022 and aims to strengthen its solutions globally.

Xylem invites global students to participate in the 2023 Global Student Innovation Challenge, aiming to tackle critical water issues. Participants aged 13 to 25 can compete for a total of $20,000 in cash prizes, with $5,000 each for the top projects in high school and university categories. The registration deadline is March 1, and submissions are due by April 22. The challenge focuses on innovative solutions related to water impact and pollution prevention. Last year, over 800 students from 50 countries joined, highlighting the program's global reach.

EnPro Industries, Inc. (NYSE: NPO) has elected Ron Keating to its Board of Directors. Keating, the current CEO of Evoqua Water Technologies (NYSE: AQUA), brings extensive leadership experience, having led Evoqua since its inception in 2014 and navigating a successful IPO in 2017. His appointment follows the retirement of Bernard Burns, who has served on the board since 2011. Keating's election is effective upon EnPro's filing of its 2022 Form 10-K with the SEC, expected later this month. Chairman David Hauser emphasized Keating's successful track record and commitment to sustainability as key attributes that will benefit EnPro's long-term growth strategy.

Xylem (NYSE: XYL) has launched its second year of the Xylem Innovation Labs commercial accelerator program, accepting 10 startups focused on solving critical water challenges. The program aims to accelerate advanced industrial treatment, regulatory compliance, and sustainability through collaboration with emerging tech companies. The first year supported 15 startups, addressing major issues like water quality and accessibility. Notable innovations include AI-driven wastewater treatment solutions and atmospheric water generation systems. Xylem continues to leverage its extensive resources to facilitate technology adoption in the water industry, aiming for a sustainable future.

Xylem Inc. (NYSE: XYL) reported a 14% increase in fourth quarter revenue, totaling $1.5 billion, with earnings per share of $0.82, a 32% year-over-year growth. For the full year, revenue reached $5.5 billion, marking a 6% increase, despite a 17% decline in net income to $1.96 per share due to a one-time pension settlement. Xylem anticipates 2023 organic growth between 4% and 6% and adjusted earnings per share of $3.00 to $3.25. The company also declared a 10% dividend increase for Q1, reflecting a strong operational performance, and announced plans to acquire Evoqua for $7.5 billion.

Xylem Inc. (NYSE: XYL) has announced an agreement to acquire Evoqua (NYSE: AQUA) in an all-stock deal valued at approximately $7.5 billion. The merger aims to create a transformative platform targeting critical water challenges and enhancing Xylem's leadership in water technologies. Combined revenues are projected to exceed $7 billion, with anticipated cost synergies of $140 million within three years. The transaction is set to close by mid-2023, pending shareholder and regulatory approvals, with Xylem shareholders retaining about 75% of the combined company.

Xylem Inc. (NYSE: XYL) will announce its fourth quarter 2022 financial results on February 7, 2023, at 6:55 a.m. ET. A conference call for investors will follow at 9:00 a.m. ET. The call can be accessed by dialing +1 (800) 225-9448 (US) or +1 (203) 518-9708 (Intl), using ID # XYLQ422. A replay will be available until February 14, 2023. Xylem, a global leader in water technology, reported a revenue of $5.2 billion in 2021, focusing on addressing critical water challenges worldwide.