Xylem (XYL) Tops Q1 EPS by 1c
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Xylem Inc. reports first quarter 2017 results
May 2, 2017 6:55 AM EDTFirst quarter 2017 reported net income was $56 million or $0.31 per share; Adjusted net income for the quarter was $71 million or $0.39 per share, up 11 percent versus the prior year period Xylem delivered $1.1 billion in first quarter 2017 revenue, up 26 percent year-over-year including the impact of acquisitions Reported and adjusted EBITDA increased 80 and 100 basis points, respectively Reported operating margin declined 130 basis points to 8 percent; Adjusted operating margin decreased 40 basis points to 10.5 percent, reflecting the impact of operational factors and purchase accounting amortization related to the Sensus... More
