The company said it will report the financial position and results of its ISS segment, the dewatering business and the assessment services business as a new segment, Water Solutions and Services, for financial statement periods ending after January 1, 2024. The Applied Water segment will remain unchanged.

1. 01

   The company said it will report the financial position and results of its ISS segment, the dewatering business and the assessment services business as a new segment, Water Solutions and Services, for financial statement periods ending after January 1, 2024. The Applied Water segment will remain unchanged.

2. 02

   Xylem said it provided recast historical information for reference to match its new reporting structure. It said the recast does not restate previously issued financial statements and has no impact on historical consolidated financial position or results of operations.

3. 03

   The company reported that Water Solutions and Services accounted for $1,684 million of 2023 full-year revenue of $7,364 million on the recast basis, and Water Infrastructure accounted for $2,215 million. Total revenue is the same before and after the recast.

4. 04

   Xylem said full-year 2023 adjusted EBITDA totaled $1,392 million both before and after the recast, and that Water Solutions and Services adjusted EBITDA on the recast basis was $369 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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