XYL - Why Water Technology Company Xylem Shares Are Seeing Blue Skies Today | Benzinga
Xylem Inc (NYSE:XYL) shares are trading higher after it reported fourth-quarter FY23 results.
Revenue grew 41% Y/Y to $2.12 billion (+9% organically), beating the consensus of $2.05 billion.
Orders were up 42% on a reported basis and +10% organically to $2.04 billion, while backlog grew to $5.1 billion, up 5% organically.
Adjusted EPS was $0.99 (+14% Y/Y), beating the consensus of $0.96.
Adjusted EBITDA margin expanded to 19.6% from 18.7% a year ...