Xylem Reports Solid Earnings Growth on Five Percent Organic Revenue Increase
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Xylem (XYL) Reports In-Line Q2 EPS; Lowers FY19 EPS Guidance, Updates FY19 Revenue Mid-Point Guidance Below Consensus
August 1, 2019 7:03 AM EDTXylem (NYSE: XYL) reported Q2 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.35 billion.
Second quarter 2019 reported net income was $139 million or $0.77 per share; Adjusted net income for the quarter was $143 million or $0.79 per share, up 10% excluding foreign exchange translationDelivered $1.3 billion in revenue for the second quarter, up 5% organicallyNarrows full-year 2019 organic revenue growth guidance range to 5% to 6% and adjusted earnings per share to $3.12 to... More