Xylem Earnings: Everything You Must Know Now
Xylem Inc. (NYSE:XYL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Xylem Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.27 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Decreased 4.97% to $879 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Xylem Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company met the mean analyst estimate of $0.27. It missed the average revenue estimate of $892.73 million.
Quoting Management: “We were pleased to deliver earnings in line with our expectations despite weaker revenue for the quarter than we had anticipated,” said Gretchen McClain, president and chief executive officer of Xylem Inc. “We’re addressing continued market challenges in several key regions of the world, especially Europe, and are taking assertive cost actions to reposition ourselves as a more competitive and efficient organization, and to create more value for our customers. We continue to pursue attractive acquisitions that will help to strengthen our portfolio. During the first quarter, we completed two acquisitions – PIMS, which bolsters our attractive service business; and MultiTrode, which enhances our global water and wastewater monitoring and control offering.”
Key Stats (on next page)…