Xylem said revenue for the quarter ended March 31, 2024 was $2,033 million, up $585 million, or 40.4%, from the prior year. Net revenue growth from acquisitions and divestitures was $480 million, and organic revenue growth was $103 million (7.1%).

10-QQuarterly reportFiled May 2, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Xylem said revenue for the quarter ended March 31, 2024 was $2,033 million, up $585 million, or 40.4%, from the prior year. Net revenue growth from acquisitions and divestitures was $480 million, and organic revenue growth was $103 million (7.1%).
The company said operating income for Q1 2024 was $209 million (operating margin of 10.3%), up $78 million from $131 million (9.0%) in the prior-year period. Adjusted operating income was $294 million (adjusted operating margin of 14.5%), compared with $185 million (12.8%) a year earlier.
Xylem said Water Solutions and Services revenue rose $354 million (171.0%) in Q1 2024, while Applied Water revenue fell $17 million (3.8%). The company said the entire change in Applied Water revenue at constant currency was an organic decline of $18 million.
The company said cash provided by operating activities was $89 million in Q1 2024, reversing cash used in operating activities of $19 million in the prior-year period. It said available liquidity was about $1.9 billion, including cash of $947 million and available credit facility capacity of $1 billion.

Key figures

Quarter ended March 31, 2024

Revenue: $2.0B
Operating income: $209M
Net income: $153M
EPS: $0.63
Gross profit: $752M
Operating cash flow: $89M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Xylem Revenue Q1 2024 $2,033 million

Xylem said revenue for the quarter ended March 31, 2024 was $2,033 million, up $585 million, or 40.4%, from the prior year. Net revenue growth from acquisitions and divestitures was $480 million, and organic revenue growth was $103 million (7.1%).

Source · Based on the MD&A text of the filing

Operating Income and Adjusted Operating Margin for Q1

The company said operating income for Q1 2024 was $209 million (operating margin of 10.3%), up $78 million from $131 million (9.0%) in the prior-year period. Adjusted operating income was $294 million (adjusted operating margin of 14.5%), compared with $185 million (12.8%) a year earlier.

Source · Based on the MD&A text of the filing

Segment Revenue Changes

Xylem said Water Solutions and Services revenue rose $354 million (171.0%) in Q1 2024, while Applied Water revenue fell $17 million (3.8%). The company said the entire change in Applied Water revenue at constant currency was an organic decline of $18 million.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Available Liquidity

The company said cash provided by operating activities was $89 million in Q1 2024, reversing cash used in operating activities of $19 million in the prior-year period. It said available liquidity was about $1.9 billion, including cash of $947 million and available credit facility capacity of $1 billion.

Source · Based on the MD&A text of the filing

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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