Xylem raises 2024 profit forecast on water treatment products demand [Reuters]
Xylem Inc. New (XYL)
Last xylem inc. new earnings: 2/6 06:50 am
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Source: Reuters
May 2 (Reuters) - Xylem raised its annual profit forecast on Thursday on the back of strong demand for its water and waste-water treatment products and services. The company now expects 2024 adjusted profit between $4.10 and $4.25 per share, compared with its previous forecast of $4.00 to $4.20 per share. Analysts had expected a full-year profit of $4.14, according to LSEG data. Xylem also forecast annual revenue of about $8.5 billion, compared with its previous outlook of $8.4 billion to $8.5 billion. The company's total first-quarter revenue rose 40.4% to $2.03 billion, beating Wall Street estimates of $2 billion. Sales from its water infrastructure unit, which makes water and waste-water pumps, rose 40% to $574 million. On an adjusted basis, Xylem earned 90 cents per share, beating estimates of 84 cents. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up Reporting by Puyaan Singh in Bengaluru; Editing b
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News
- Xylem Inc. Declares Second Quarter Dividend of 36 Cents per Share [Yahoo! Finance]Yahoo! Finance
- Xylem Inc. Declares Second Quarter Dividend of 36 Cents per ShareBusiness Wire
- What Makes Xylem (XYL) a Strong Momentum Stock: Buy Now? [Yahoo! Finance]Yahoo! Finance
- Global Water and Wastewater Treatment Equipment Market To Exceed USD 107.5 Billion By 2033 | CAGR of 5.24% [Yahoo! Finance]Yahoo! Finance
- Industrial Pumps Market Set to Reach Valuation of USD 130.39 Billion by 2032, with a CAGR of 7.2% from 2024 to 2032: Astute Analytica [Yahoo! Finance]Yahoo! Finance
XYL
Earnings
- 5/2/24 - Beat
XYL
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/2/24 - Form 10-Q
- XYL's page on the SEC website