XYLEM INC Reports Strong Q2 Earnings Results for FY2023
August 8, 2023
☀️Earnings Overview
On August 2 2023, XYLEM INC ($NYSE:XYL) reported their earnings for the Second Quarter of FY2023, ending June 30th, 2023. Total revenue for the quarter was USD 1722.0 million, with a 26.2% growth year over year. Unfortunately, net income for the same period showed a decrease of 17.9%, amounting to USD 92.0 million compared to last year’s results.
Stock Price
On Wednesday, XYLEM INC reported strong second quarter earnings results for the fiscal year 2023. The stock opened at $115.0 and closed at $112.1 at the end of the day, representing a marginal 0.1% increase from its previous closing price of $111.9. The financial performance of the company was marked by strong sales and operational income along with a notable increase in its cash flow. XYLEM INC’s gross profit during the quarter was reported to be up by 8% on a year-over-year basis.
This resulted in a healthier balance sheet with lower liabilities and increased assets. The company is expecting to further strengthen its financial position in the upcoming quarters as it focuses on improving efficiency and increasing revenue. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Xylem Inc. More…
| Total Revenues | Net Income | Net Margin |
| 6.06k | 352 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Xylem Inc. More…
| Operations | Investing | Financing |
| 573 | -596 | -397 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Xylem Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.1k | 6.19k | 41.13 |
Key Ratios Snapshot
Some of the financial key ratios for Xylem Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.0% | 6.5% | 8.1% |
| FCF Margin | ROE | ROA |
| 5.9% | 4.6% | 1.9% |
Analysis
At GoodWhale, we examined XYLEM INC‘s financials and our Star Chart assessment gave them a high health score of 8/10. This means that XYLEM INC has strong cashflows and debt and is capable of safely riding out any crisis without the risk of bankruptcy. We also noticed that XYLEM INC is strong in dividend and profitability, and medium in asset and growth. We believe that investors who are looking for companies with consistent financial performance and stability would be interested in XYLEM INC. More…
Peers
Xylem competes in the global market against a number of other large firms, including Pentair PLC, Watts Water Technologies Inc, and Mueller Water Products, Inc. These companies are all committed to providing innovative and cost effective solutions to their customers.
– Pentair PLC ($NYSE:PNR)
Pentair PLC is a leading global water, fluid, thermal management, and equipment protection company with operations in over 100 countries and annual revenues of more than $7 billion. Its market capitalization stands at $7.7 billion as of 2023, signifying a strong capital base and investor confidence in the company’s financial health. Its Return on Equity of 15.28% reflects the profitability of the company and its ability to generate returns for its shareholders. Pentair PLC is well positioned to capitalize on its global presence and strong reputation to continue growing in a competitive market.
– Watts Water Technologies Inc ($NYSE:WTS)
Watts Water Technologies Inc is a leading global provider of plumbing, heating, and water quality solutions. The company has a market cap of 4.95B as of 2023, and a Return on Equity (ROE) of 16.2%. This implies that for every dollar of shareholders’ equity, the company is able to generate $0.16 in net income. The company’s strong market capitalization and impressive ROE suggest that it is financially sound and has a bright future. The company designs and manufactures products for residential, commercial and industrial application including water quality products, pumps and valves, water heating products, and many other water related products.
– Mueller Water Products, Inc. ($NYSE:MWA)
Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution, and measurement of water in the United States and Canada. With a market cap of 1.76B as of 2023, the company is a well-established player in the water industry. Additionally, its Return on Equity (ROE) of 10.51% serves as a testament to its strong financial performance. The company’s products include valves, meters, and other infrastructure components that help municipalities and contractors manage their water resources. Mueller Water Products also offers products and services for residential, commercial and industrial customers.
Summary
XYLEM INC reported strong Q2 earnings for FY2023 with total revenue of USD 1722.0 million, a 26.2% year-over-year increase. Despite this, net income declined 17.9% from the same period last year to 92.0 million. It is also important to keep an eye on XYLEM INC’s cash flow and financial position as these will be key indicators of the company’s ability to continue driving growth.
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