02.05.2024 13:42:03 - dpa-AFX: Xylem Inc. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Xylem Inc. (XYL) announced a profit for its first
quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $153 million, or $0.63 per share. This compares
with $99 million, or $0.54 per share, in last year's first quarter.

Excluding items, Xylem Inc. reported adjusted earnings of $219 million or $0.90
per share for the period.

Analysts on average had expected the company to earn $0.84 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 40.4% to $2.033 billion from $1.448
billion last year.

Xylem Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $153 Mln. vs. $99 Mln. last year.
-EPS (Q1): $0.63 vs. $0.54 last year.
-Revenue (Q1): $2.033 Bln vs. $1.448 Bln last year.

-Guidance:
Full year EPS guidance: $4.10 to $4.25
Full year revenue guidance: Around $8.5 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
XYLEM INC. DL-,01 A1JMBU Frankfurt 132,450 28.05.24 08:02:21 -0,800 -0,60% 128,850 129,400 132,450 132,450

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