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บทความเกจวัดแรงดัน

Xylem Reports Second Quarter 2022 Results

เกจวัดแรง Reports Second Quarter 2022 Results
by Brenna ShumbamhiniAugust 2, 2022
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Robust persevering with demand drove robust organic orders progress: 1% on a reported
basis, 6% organically
• Revenue of $1.four billion, up 1% on a reported foundation, up 6% organically
• Earnings per share of $0.sixty two, adjusted earnings per share of $0.66
• Adjusted EBITDA margin exceeded guidance by 160 foundation factors
• Raising full-year organic income steering to a spread of 8% to 10% from 4% to
6%, and adjusted EPS to a variety of $2.50 to $2.70 from $2.forty to $2.70
Washington, D.C., August 2, 2022 – Xylem Inc. (NYSE: XYL), a number one world water expertise
firm dedicated to solving the world’s most difficult water points, at present reported second quarter
income of $1.4 billion, surpassing earlier guidance in each enterprise section. Strong continued
world demand drove orders and backlog progress throughout the portfolio.
Second quarter adjusted earnings before curiosity, tax, depreciation and amortization (EBITDA) margin
was sixteen.6 percent, higher than the Company’s previous guidance and reflecting a year-over-year
lower of 70 foundation factors. Inflation and the impression of constant chip shortages drove the margin
decline, exceeding the advantages of worth realization and productivity financial savings. Xylem generated web
income of $112 million, or $0.62 per share, and adjusted internet earnings of $120 million, or $0.66 per share,
which excludes the influence of restructuring, realignment and special expenses.
“The staff delivered very sturdy second quarter efficiency on all key metrics, and well ahead of our
steering for the quarter,” said Patrick Decker, Xylem president and CEO. “The end result displays our
industrial momentum on persevering with underlying demand, disciplined operational execution, and a
moderate easing in chip supply constraints.”
“On the energy of robust backlog and orders growth, and the team’s demonstrated success mitigating
the results of inflation, we are raising our full-year steering on income and earnings. This further
reinforces our longer-term progress and worth creation thesis for Xylem.”
Outlook
Xylem now expects full-year 2022 natural income progress to be within the vary of eight to 10 percent, and 3
to five % on a reported basis. This represents a rise from the Company’s earlier full-year
organic income guidance of four to six p.c, and 1 to three percent on a reported basis. Full-year 2022
adjusted EBITDA margin is now anticipated to be in the vary of sixteen.5 to 17.zero %, elevating the low finish
of the previous range of sixteen.zero to 17.0 p.c. This leads to adjusted earnings per share of $2.50 to
$2.70, raising the low end from the previous vary of $2.forty to $2.70. The increased steerage reflects
robust demand, gradual easing of supply chain constraints and worth realization partially offset by
inflation and foreign change headwinds.
Further 2022 planning assumptions are included in Xylem’s second quarter 2022 earnings materials
posted at www.xylem.com/investors. Excluding revenue, Xylem provides guidance only on a non-GAAP
basis due to the inherent difficulty in forecasting sure amounts that may be included in GAAP
earnings, corresponding to discrete tax objects, with out unreasonable effort.
Second Quarter Segment Results
Water Infrastructure
Xylem’s Water Infrastructure segment consists of its portfolio of businesses serving clean water
delivery, wastewater transport and remedy, and dewatering.
• Second quarter 2022 Water Infrastructure revenue was $589 million, a 9.0 p.c improve
organically in contrast with second quarter 2021. This robust growth was pushed by sturdy value
realization, industrial dewatering demand, and wholesome exercise in our wastewater utility enterprise
in the us and Western Europe.
• Second quarter adjusted EBITDA margin was 21.4 percent, up 240 basis factors from the prior
12 months. Reported working revenue for the section was $108 million. Adjusted operating income
for the segment, which excludes $3 million of restructuring and realignment, was $111 million, a
14.four percent improve versus the comparable period final year. Reported working margin for
the phase was 18.3 percent, up 200 basis points versus the prior 12 months, and adjusted
working margin was 18.eight p.c, up one hundred eighty basis factors versus the prior yr. Strong price
realization, volume, and productivity financial savings more than offset inflation and strategic
investments.
Applied Water
Xylem’s Applied Water section consists of its portfolio of companies in industrial, business building,
and residential applications.
• Second quarter 2022 Applied Water income was $429 million, a 7.0 percent enhance
organically year-over-year. The segment delivered sturdy price realization and backlog
execution in industrial and residential finish markets, partially offset by continued provide chain
constraints in business buildings in the United States.
• Second quarter adjusted EBITDA margin was sixteen.1 %, down a hundred thirty foundation factors from the
prior yr. Reported working revenue for the segment was $61 million and adjusted working
income, which excludes $2 million of restructuring and realignment costs, was $63 million, a four.5
% lower versus the comparable interval last year. The segment reported working
margin was 14.2 %, down a hundred thirty basis points versus the prior year period. Adjusted
working margin declined 120 foundation factors to 14.7 percent. Strong price realization and
productivity financial savings had been greater than offset by inflation and decrease quantity.
Measurement & Control Solutions
Xylem’s Measurement & Control Solutions section consists of its portfolio of businesses in good
metering, network technologies, advanced infrastructure analytics and analytic instrumentation.
• Second quarter 2022 Measurement & Control Solutions revenue was $346 million, down 2.0
percent organically versus the prior year. While chip supply remains constrained, the result is
higher than our expectations due to improved chip supply within the quarter, and power in our
water high quality test purposes.
• Second quarter adjusted EBITDA margin was 9.8 p.c, down 410 basis points from the prior
yr. Reported operating earnings for the phase was $(5) million, and adjusted working
revenue, which excludes $3 million of restructuring and realignment costs and $1 million of
shortages, unfavorable combine and higher inflation more than offset price realization and
productiveness savings.
Supplemental data on Xylem’s second quarter 2022 earnings and reconciliations for sure nonGAAP items is posted at www.xylem.com/investors.
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About Xylem
Xylem (XYL) is a leading global water technology firm dedicated to fixing crucial water and
infrastructure challenges with innovation. Our 17,000 various staff delivered revenue of $5.2
billion in 2021. We are making a extra sustainable world by enabling our clients to optimize water
and resource management, and serving to communities in more than one hundred fifty countries turn out to be watersecure. Join us at www.xylem.com.
Forward-Looking Statements
This press launch contains “forward-looking statements” throughout the which means of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Generally, the phrases “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“contemplate,” “predict,” “forecast,” “likely,” “believe,” “target,” “will,” “could,” “would,” “should,”
“potential,” “may” and comparable expressions or their adverse, might, however usually are not necessary to, establish
forward-looking statements. By their nature, forward-looking statements address uncertain issues and
embody any statements that are not historic, such as statements about our technique, monetary plans,
outlook, objectives, plans, intentions or goals (including those related to our social, environmental and
different sustainability goals); or tackle possible or future results of operations or monetary efficiency,
including statements relating to orders, revenues, working margins and earnings per share growth.
Although we consider that the expectations reflected in any of our forward-looking statements are
cheap, precise outcomes may differ materially from these projected or assumed in any of our forwardlooking statements. Our future monetary condition and outcomes of operations, in addition to any forwardlooking statements, are subject to vary and to inherent risks and uncertainties, lots of that are
past our management. Additionally, many of these risks and uncertainties are, and will proceed to be,
amplified by impacts from the war between Russia and Ukraine, as well as the ongoing coronavirus
(“COVID-19”) pandemic and associated macroeconomic conditions (including inflation). Important elements
that could cause our precise outcomes, performance and achievements, or industry outcomes to vary
materially from estimates or projections contained in or implied by our forward-looking statements
embrace, amongst others, the next: the impression of total industry and common economic situations,
together with industrial, governmental, and public and private sector spending and the power of the
residential and industrial real property markets, on financial exercise and our operations; geopolitical
occasions, including the warfare between Russia and Ukraine, and regulatory, financial and other dangers
associated with our global gross sales and operations, including with respect to domestic content
necessities relevant to projects with governmental funding; continued uncertainty across the
ongoing COVID-19 pandemic’s magnitude, period and impacts on our enterprise, operations, development,
and financial condition; precise or potential other epidemics, pandemics or international well being crises;
availability, shortage or delays in receiving electronic elements (in particular, semiconductors), parts,
and raw supplies from our supply chain; manufacturing and operating value will increase due to
macroeconomic situations, together with inflation, supply chain shortages, logistics challenges, tight labor
markets, prevailing price adjustments, tariffs and different components; demand for our products; disruption,
competition or pricing pressures within the markets we serve; cybersecurity incidents or different disruptions of
data know-how methods on which we rely, or involving our merchandise; disruptions in operations at
our services or that of third events upon which we rely; ability to retain and entice senior management
and different various and key talent, as properly as competitors for general talent and labor; problem predicting
our financial outcomes; defects, security, guarantee and legal responsibility claims, and recalls with respect to merchandise;
availability, regulation or interference with radio spectrum utilized by certain of our merchandise; uncertainty
related to restructuring and realignment actions and associated charges and financial savings; our ability to proceed
strategic investments for growth; our ability to efficiently identify, execute and integrate acquisitions;
volatility in served markets or impacts on business and operations due to climate conditions, together with
the consequences of local weather change; fluctuations in foreign forex trade charges; our capability to borrow or
refinance our present indebtedness and uncertainty around the availability of liquidity adequate to fulfill
our needs; threat of future impairments to goodwill and other intangible belongings; failure to comply with, or
changes in, legal guidelines or regulations, including these pertaining to anti-corruption, information privacy and safety,
export and import, competitors, and the surroundings and climate change; modifications in our efficient tax
rates or tax expenses; legal, governmental or regulatory claims, investigations or proceedings and
associated contingent liabilities; and other factors set forth beneath “Item 1A. Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2021 and in subsequent filings we make with
the Securities and Exchange Commission (“SEC”).
Forward-looking and different statements in this press launch regarding our environmental and other
sustainability plans and targets aren’t an indication that these statements are necessarily materials to
traders or are required to be disclosed in our filings with the SEC. In addition, historical, present, and
forward-looking social, environmental and sustainability associated statements could also be primarily based on requirements
for measuring progress which would possibly be still developing, inner controls and processes that proceed to evolve,
and assumptions which are subject to change sooner or later. All forward-looking statements made herein
are based mostly on info presently available to us as of the date of this press launch. We undertake no
obligation to publicly update or revise any forward-looking statements, whether or not as a result of new
data, future events or otherwise, except as required by law
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