Xylem (XYL) Tops Q4 EPS by 13c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Outlook Above Consensus
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Xylem reports fourth quarter and full-year 2020 earnings
February 4, 2021 6:55 AM ESTOperational performance exceeds expectations on top and bottom line; quarter sequential gains across all segments and end markets Fourth quarter and full-year revenue of $1.37 billion and $4.88 billion, respectively Fourth quarter 2020 reported net income of $148 million or $0.82 per share; adjusted net income of $145 million or $0.81 per share Full-year 2020 reported net income of $254 million or $1.40 per share; adjusted full-year net income of $374 million or $2.06 per share Strong full-year cash performance of 324% operating cash flow conversion and 181% free cash flow conversion Announces 8% increase in cash dividend, representing the Companys... More
