{"id":6200,"date":"2023-09-23T22:17:39","date_gmt":"2023-09-23T22:17:39","guid":{"rendered":"https:\/\/volleyballvnl.com\/?p=6200"},"modified":"2023-09-23T22:17:39","modified_gmt":"2023-09-23T22:17:39","slug":"xylem-reports-second-quarter-2022-results","status":"publish","type":"post","link":"https:\/\/volleyballvnl.com\/?p=6200","title":{"rendered":"Xylem Reports Second Quarter 2022 Results"},"content":{"rendered":"\n<p>FEATUREDMINING<br\/>Xylem Reports Second Quarter 2022 Results<br\/>by Brenna ShumbamhiniAugust 2, 2022<br\/>Share<br\/>Robust continuing demand drove robust natural orders growth: 1% on a reported<br\/>basis, 6% organically<br\/>\u2022 Revenue of $1.4 billion, up 1% on a reported basis, up 6% organically<br\/>\u2022 Earnings per share of $0.sixty two, adjusted earnings per share of $0.66<br\/>\u2022 Adjusted EBITDA margin exceeded guidance by one hundred sixty foundation points<br\/>\u2022 Raising full-year organic income guidance to a range of 8% to 10% from 4% to<br\/>6%, and adjusted EPS to a spread of $2.50 to $2.70 from $2.40 to $2.70<br\/>Washington, D.C., August 2, 2022 \u2013 Xylem Inc. (NYSE: XYL), a number one global water expertise<br\/>firm dedicated to fixing the world\u2019s most challenging water points, at present reported second quarter<br\/>revenue of $1.four billion, surpassing earlier steering in each business section. Strong continued<br\/>global demand drove orders and backlog development across the portfolio.<br\/>Second quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margin<br\/>was 16.6 percent, higher than the Company\u2019s earlier steerage and reflecting a year-over-year<br\/>decrease of 70 foundation points. Inflation and the impact of continuous chip shortages drove the margin<br\/>decline, exceeding the advantages of price realization and productivity savings. Xylem generated net<br\/>revenue of $112 million, or $0.sixty two per share, and adjusted internet revenue of $120 million, or $0.66 per share,<br\/>which excludes the impact of restructuring, realignment and particular costs.<br\/>\u201cThe team delivered very robust second quarter performance on all key metrics, and nicely ahead of our<br\/>guidance for the quarter,\u201d stated Patrick Decker, Xylem president and CEO. \u201cThe outcome reflects our<br\/>industrial momentum on continuing underlying demand, disciplined operational execution, and a<br\/>reasonable easing in chip provide constraints.\u201d<br\/>\u201cOn the energy of sturdy backlog and orders progress, and the team\u2019s demonstrated success mitigating<br\/>the effects of inflation, we&#8217;re elevating our full-year guidance on income and earnings. This additional<br\/>reinforces our longer-term progress and value creation thesis for Xylem.\u201d<br\/>Outlook<br\/>Xylem now expects full-year 2022 organic income development to be within the range of 8 to 10 p.c, and three<br\/>to 5 percent on a reported foundation. This represents an increase from the Company\u2019s earlier full-year<br\/>natural revenue steerage of four to 6 %, and 1 to three % on a reported basis. Full-year 2022<br\/>adjusted EBITDA margin is now expected to be within the vary of 16.5 to 17.0 %, raising the low end<br\/>of the previous vary of 16.zero to 17.zero p.c. This results in adjusted earnings per share of $2.50 to<br\/>$2.70, raising the low finish from the previous range of $2.forty to $2.70. The increased steering reflects<br\/>robust demand, gradual easing of provide chain constraints and worth realization partially offset by<br\/>inflation and international change headwinds.<br\/>Further 2022 planning assumptions are included in Xylem\u2019s second quarter 2022 earnings materials<br\/>posted at www.xylem.com\/investors. Excluding income, Xylem supplies steerage only on a non-GAAP<br\/>basis due to the inherent problem in forecasting sure amounts that would be included in GAAP<br\/>earnings, similar to discrete tax objects, without unreasonable effort.<br\/>Second Quarter Segment Results<br\/>Water Infrastructure<br\/>Xylem\u2019s Water Infrastructure section consists of its portfolio of companies serving clear water<br\/>supply, wastewater transport and remedy, and dewatering.<br\/>\u2022 Second quarter 2022 Water Infrastructure revenue was $589 million, a 9.zero % increase<br\/>organically compared with second quarter 2021. This robust progress was driven by robust value<br\/>realization, industrial dewatering demand, and wholesome exercise in our wastewater utility business<br\/>in the united states and Western Europe.<br\/>\u2022 Second quarter adjusted EBITDA margin was 21.four percent, up 240 basis factors from the prior<br\/>12 months. Reported working income for the phase was $108 million. Adjusted operating earnings<br\/>for the phase, which excludes $3 million of restructuring and realignment, was $111 million, a<br\/>14.four percent improve versus the comparable interval last 12 months. Reported working margin for<br\/>the section was 18.three percent, up 200 foundation factors versus the prior 12 months, and adjusted<br\/>operating margin was 18.8 p.c, up a hundred and eighty basis points versus the prior year. Strong value<br\/>realization, volume, and productivity financial savings more than offset inflation and strategic<br\/>investments.<br\/>Applied Water<br\/>Xylem\u2019s Applied Water section consists of its portfolio of businesses in industrial, industrial constructing,<br\/>and residential functions.<br\/>\u2022 Second quarter 2022 Applied Water revenue was $429 million, a 7.0 percent enhance<br\/>organically year-over-year. The phase delivered robust worth realization and backlog<br\/>execution in industrial and residential end markets, partially offset by continued supply chain<br\/>constraints in commercial buildings within the United States.<br\/>\u2022 Second quarter adjusted EBITDA margin was 16.1 %, down one hundred thirty basis factors from the<br\/>prior year. Reported working income for the segment was $61 million and adjusted operating<br\/>earnings, which excludes $2 million of restructuring and realignment costs, was $63 million, a four.5<br\/>percent lower versus the comparable period last year. The phase reported working<br\/>margin was 14.2 %, down a hundred thirty basis points versus the prior year period. Adjusted<br\/>working margin declined one hundred twenty basis points to 14.7 p.c. Strong value realization and<br\/>productiveness savings were greater than offset by inflation and lower quantity.<br\/>Measurement &#038; Control Solutions<br\/>Xylem\u2019s Measurement &#038; Control Solutions phase consists of its portfolio of businesses in sensible<br\/>metering, community technologies, superior infrastructure analytics and analytic instrumentation.<br\/>\u2022 Second quarter 2022 Measurement &#038; Control Solutions income was $346 million, down 2.0<br\/>percent organically versus the prior yr. While chip supply stays constrained, the result&#8217;s<br\/>higher than our expectations due to improved chip supply in the quarter, and power in our<br\/>water high quality check purposes.<br\/>\u2022  <a href=\"http:\/\/diaphragm-seal.com\">\u0e40\u0e01\u0e08\u0e27\u0e31\u0e14\u0e41\u0e23\u0e07\u0e14\u0e31\u0e19\u0e44\u0e2d\u0e19\u0e49\u0e33<\/a>  adjusted EBITDA margin was 9.eight p.c, down 410 basis points from the prior<br\/>yr. Reported operating income for the segment was $(5) million, and adjusted working<br\/>revenue, which excludes $3 million of restructuring and realignment costs and $1 million of<br\/>shortages, unfavorable combine and better inflation more than offset value realization and<br\/>productivity financial savings.<br\/>Supplemental data on Xylem\u2019s second quarter 2022 earnings and reconciliations for sure nonGAAP objects is posted at www.xylem.com\/investors.<br\/>#<br\/>About Xylem<br\/>Xylem (XYL) is a leading global water know-how firm committed to fixing crucial water and<br\/>infrastructure challenges with innovation. Our 17,000 diverse workers delivered revenue of $5.2<br\/>billion in 2021. We are creating a more sustainable world by enabling our clients to optimize water<br\/>and useful resource administration, and helping communities in additional than 150 international locations turn into watersecure. Join us at www.xylem.com.<br\/>Forward-Looking Statements<br\/>This press launch contains \u201cforward-looking statements\u201d throughout the that means of Section 27A of the<br\/>Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as<br\/>amended. Generally, the phrases \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d<br\/>\u201ccontemplate,\u201d \u201cpredict,\u201d \u201cforecast,\u201d \u201clikely,\u201d \u201cbelieve,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d<br\/>\u201cpotential,\u201d \u201cmay\u201d and related expressions or their adverse, may, but aren&#8217;t essential to, determine<br\/>forward-looking statements. By their nature, forward-looking statements handle uncertain issues and<br\/>embody any statements that aren&#8217;t historical, similar to statements about our technique, monetary plans,<br\/>outlook, aims, plans, intentions or objectives (including those associated to our social, environmental and<br\/>other sustainability goals); or handle possible or future outcomes of operations or monetary efficiency,<br\/>including statements regarding orders, revenues, working margins and earnings per share growth.<br\/>Although we consider that the expectations reflected in any of our forward-looking statements are<br\/>reasonable, precise results might differ materially from these projected or assumed in any of our forwardlooking statements. Our future financial situation and results of operations, in addition to any forwardlooking statements, are topic to change and to inherent dangers and uncertainties, many of which are<br\/>beyond our management. Additionally, many of these risks and uncertainties are, and may continue to be,<br\/>amplified by impacts from the war between Russia and Ukraine, in addition to the continuing coronavirus<br\/>(\u201cCOVID-19\u201d) pandemic and related macroeconomic circumstances (including inflation). Important elements<br\/>that could cause our actual outcomes, efficiency and achievements, or trade outcomes to differ<br\/>materially from estimates or projections contained in or implied by our forward-looking statements<br\/>embody, amongst others, the following: the influence of total trade and common financial conditions,<br\/>including industrial, governmental, and public and private sector spending and the strength of the<br\/>residential and industrial real property markets, on financial exercise and our operations; geopolitical<br\/>occasions, including the struggle between Russia and Ukraine, and regulatory, economic and different risks<br\/>related to our world sales and operations, together with with respect to home content material<br\/>necessities applicable to tasks with governmental funding; continued uncertainty across the<br\/>ongoing COVID-19 pandemic\u2019s magnitude, duration and impacts on our enterprise, operations, growth,<br\/>and monetary condition; precise or potential different epidemics, pandemics or world well being crises;<br\/>availability, scarcity or delays in receiving electronic elements (in explicit, semiconductors), elements,<br\/>and uncooked materials from our supply chain; manufacturing and working price increases because of<br\/>macroeconomic circumstances, including inflation, provide chain shortages, logistics challenges, tight labor<br\/>markets, prevailing worth adjustments, tariffs and other components; demand for our merchandise; disruption,<br\/>competition or pricing pressures within the markets we serve; cybersecurity incidents or other disruptions of<br\/>information know-how systems on which we rely, or involving our products; disruptions in operations at<br\/>our services or that of third parties upon which we rely; capacity to retain and appeal to senior management<br\/>and different various and key talent, as properly as competition for total talent and labor; difficulty predicting<br\/>our financial results; defects, security, guarantee and liability claims, and remembers with respect to products;<br\/>availability, regulation or interference with radio spectrum utilized by sure of our merchandise; uncertainty<br\/>related to restructuring and realignment actions and related expenses and financial savings; our capability to continue<br\/>strategic investments for development; our ability to efficiently determine, execute and integrate acquisitions;<br\/>volatility in served markets or impacts on business and operations because of climate conditions, together with<br\/>the effects of local weather change; fluctuations in international currency change charges; our capacity to borrow or<br\/>refinance our current indebtedness and uncertainty across the availability of liquidity sufficient to fulfill<br\/>our needs; risk of future impairments to goodwill and other intangible assets; failure to adjust to, or<br\/>modifications in, legal guidelines or regulations, including these pertaining to anti-corruption, knowledge privacy and safety,<br\/>export and import, competitors, and the setting and local weather change; modifications in our effective tax<br\/>rates or tax bills; legal, governmental or regulatory claims, investigations or proceedings and<br\/>associated contingent liabilities; and different elements set forth underneath \u201cItem 1A. Risk Factors\u201d in our Annual<br\/>Report on Form 10-K for the year ended December 31, 2021 and in subsequent filings we make with<br\/>the Securities and Exchange Commission (\u201cSEC\u201d).<br\/>Forward-looking and different statements in this press release relating to our environmental and other<br\/>sustainability plans and targets usually are not a sign that these statements are necessarily materials to<br\/>investors or are required to be disclosed in our filings with the SEC. In addition, historical, current, and<br\/>forward-looking social, environmental and sustainability associated statements could additionally be primarily based on requirements<br\/>for measuring progress which might be nonetheless creating, inner controls and processes that continue to evolve,<br\/>and assumptions that are subject to change in the future. All forward-looking statements made herein<br\/>are primarily based on information at present obtainable to us as of the date of this press release. We undertake no<br\/>obligation to publicly update or revise any forward-looking statements, whether on account of new<br\/>info, future occasions or otherwise, besides as required by regulation<br\/>Share<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FEATUREDMININGXylem Reports Second Quarter 2022 Resultsby Brenna ShumbamhiniAugust 2, 2022ShareRobust continuing demand drove robust natural orders growth: 1% on a reportedbasis, 6% organically\u2022 Revenue of $1.4 billion, up 1% on a reported basis, up 6% organically\u2022 Earnings per share of $0.sixty two, adjusted earnings per share of $0.66\u2022 Adjusted EBITDA margin exceeded guidance by one [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6200","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/posts\/6200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6200"}],"version-history":[{"count":1,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/posts\/6200\/revisions"}],"predecessor-version":[{"id":6201,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=\/wp\/v2\/posts\/6200\/revisions\/6201"}],"wp:attachment":[{"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/volleyballvnl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}