earnings
confidence high
sentiment positive
materiality 0.80
Xylem Q2 revenue up 26% to $1.7B, adjusted EPS $0.98; raises FY guidance
Xylem Inc.
2023-Q2 EPS reported
$0.98
revenue$3,170,000,000
- Revenue $1.7B, up 26% reported and 15% organic; net income $92M, GAAP EPS $0.45.
- Adjusted EPS $0.98, up 32% YoY, beating prior stand-alone guidance.
- Raises FY 2023 revenue guidance to ~$7.2B (organic 9-10%) and adjusted EPS to $3.50-$3.70.
- Evoqua acquisition closed May 24; backlog $5.3B including $1.3B from Evoqua.
- Measurement & Control Solutions revenue $415M (+20%), Water Infrastructure $704M (+20%).