Xylem Narrows 2024 Outlook: Now Expects Revenue Of $8.5B (Prior $8.55B) Vs. $8.528B Est., And Adj. EPS Of $4.22-4.24 (Prior $4.18-$4.28) Vs. $4.26 Est.

Benzinga
31 Oct 2024

Outlook

Xylem expects full-year 2024 revenue of $8.5 billion, up approximately 15 percent on a reported basis and up approximately 5 percent on an organic basis.

Full-year 2024 adjusted EBITDA margin is expected to be approximately 20.5 percent. This results in adjusted earnings per share of $4.22 to $4.24 from the previous range of $4.18 to $4.28. Full-year free cash flow conversion to net income is expected to be at least 120 percent.

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