XYL - Water Technology Company Xylem Records Solid Q3 Amid Intensifying Water Challenges; Revenue Soars 50.4% | Benzinga
Xylem Inc. (NYSE: XYL) reported third-quarter FY23 revenue growth of 50.4% Y/Y to $2.08 billion (+10% organically), beating the consensus of $1.99 billion.
Third-quarter adjusted EPS was $0.99 (+14% Y/Y), beating the consensus of $0.89. Net income margin increased 640 bps to 7.3%.
Orders were up 43% on a reported basis and +3% organically, while backlog grew to $5.2 billion, up 5% organically.
Gross profit increased by 45.8% Y/Y to $764 million, and ...