Xylem, Inc. (XYL), a leading water technology company I have been covering since March, presented its first-quarter results on May 5. The figures were generally depressed, as revenue slipped while operating income and profit shrunk. Cash from operations was negative. The company also failed to meet Wall Street's expectations as both adjusted profit and revenue were markedly lower than analysts expected. It appears pundits underestimated the magnitude of the pandemic's impact both on the top line and margins.
Though 2020 is anticipated to remain bumpy for XYL due to sapping demand in its key cyclical