Xylem trims annual revenue forecast after key product sales miss estimates [Yahoo! Finance Canada]
Xylem Inc. New (XYL)
Last xylem inc. new earnings: 2/6 06:50 am
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Source: Yahoo! Finance Canada
key equipment used for water treatment, dragging the company's shares nearly 5% lower in premarket trade. The water technology firm now expects revenue of $8.50 billion for 2024, compared with a previous forecast of about $8.55 billion. Analysts had expected it to report revenue of $8.58 billion this year, according to data compiled by LSEG. Sales from its water infrastructure unit, which offers products such as water and wastewater pumps, stood at $623 million, falling short of analysts' estimate of $658.5 million. Xylem's applied water unit, which sells pumps, valves and other equipment, brought in sales of $447 million, below expectations of $451.2 million. Weakness in these segments weighed on the company's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA). It reported adjusted EBITDA of $447 million, well below expectations of $456 million, according to estimates provided by Jefferies. Still, CEO Matthew Pine said demand for Xylem's produc
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XYL
Earnings
- 10/31/24 - In-Line
XYL
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/23/24 - Form 4
- XYL's page on the SEC website