Introduces Long-Term Financial Framework and
Reaffirms Current Year Outlook
Xylem Inc. (NYSE: XYL), a leading global water technology
company that empowers customers and communities to build a more
water-secure world, will unveil its multi-year growth strategy and
set out its long-term financial framework today at its Investor
Day. Xylem President and CEO Matthew Pine and other senior leaders
will provide an update on the Company’s plans to drive above-market
growth, accelerate margins through business simplification, and
provide an update on capital allocation priorities.
The program will also offer updates on the integration of Evoqua
and the Company’s current and future growth opportunities, and
provide new financial targets through 2027. The Company is
reiterating its 2024 guidance as previously provided on May 2,
2024. The presentations will be followed by a Q&A session for
in-person and virtual attendees.
“Water flows through every part of the global economy, and Xylem
is at the forefront of creating value from water management,” Pine
said. “Our industry-leading platform will deliver strong returns by
empowering customers and communities to thrive in the transition to
a water-secure world. We are creating lasting value by driving
resilient above-market growth with significant margin expansion,
while deploying capital to compound earnings, as we solve the
world’s most critical water challenges.”
“Today, we are unveiling our multi-year financial framework and
enhanced sustainability goals. Together, they represent an outlook
of purpose-driven, profitable growth that creates distinctive value
for our shareholders and shapes a more water-secure and sustainable
future.”
Long-term Financial Framework
Xylem’s long-term financial framework anticipates annual organic
revenue growth in the range of 4 percent to 6 percent, with
approximately 1 percent from implied revenue synergies offset by
the impact of simplification initiatives. This results in average
annual adjusted EBITDA margin expansion of approximately 100 basis
points per year, an acceleration of margin expansion compared to
Xylem’s previous long-term framework of 50 to 75 basis points. The
growth and margin outlook, combined with disciplined capital
allocation, enables mid-teens adjusted EPS growth per year.
Additionally, Xylem is committed to a low-double-digit annual free
cash flow margin.
2024 Outlook
The Company is reaffirming its 2024 outlook previously provided
on May 2, 2024. Further 2024 outlook and planning assumptions are
included in Xylem’s first-quarter earnings materials posted at
www.xylem.com/investors.
A live stream and replay of the Investor Day event will be
available, along with all presentation materials, on Investors
Events | Xylem US.
About Xylem
Xylem (XYL) is a leading global water technology company
committed to solving the world’s critical water challenges with
innovation and expertise. Our 23,000 diverse employees delivered
combined pro forma revenue of $8.1 billion in 2023. We are creating
a more sustainable world by enabling our customers to optimize
water and resource management and helping communities in more than
150 countries become water-secure. Join us at www.xylem.com and
Let’s Solve Water.
Forward-Looking Statements
This press release contains “forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Generally, the words “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” "contemplate," "predict," “forecast,”
“likely,” “believe,” “target,” “will,” “could,” “would,” “should,”
"potential," "may" and similar expressions or their negative, may,
but are not necessary to, identify forward-looking statements. By
their nature, forward-looking statements address uncertain matters
and include any statements that: are not historical, such as
statements about our strategy, financial plans, outlook,
objectives, plans, intentions or goals (including those related to
our social, environmental and other sustainability goals); or
address possible or future results of operations or financial
performance, including statements relating to orders, revenues,
operating margins and earnings per share growth.
Although we believe that the expectations reflected in any of
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Our future financial condition and
results of operations, as well as any forward-looking statements,
are subject to change and to inherent risks and uncertainties, many
of which are beyond our control. Important factors that could cause
our actual results, performance and achievements, or industry
results to differ materially from estimates or projections
contained in or implied by our forward-looking statements include,
among others, the following: the impact of overall industry and
general economic conditions, including industrial, governmental,
and public and private sector spending, interest rates, inflation
and related monetary policy by governments in response to
inflation, and the strength of the residential and commercial real
estate markets, on economic activity and our operations;
geopolitical events, including the ongoing and possible escalation
of the conflicts involving Russia and Ukraine, and the Middle East,
as well as regulatory, economic and other risks associated with our
global sales and operations, including those related to domestic
content requirements applicable to projects receiving governmental
funding; manufacturing and operating cost increases due to
macroeconomic conditions, including inflation, energy supply,
supply chain shortages, logistics challenges, tight labor markets,
prevailing price changes, tariffs and other factors; demand for our
products, disruption, competition or pricing pressures in the
markets we serve; cybersecurity incidents or other disruptions of
information technology systems on which we rely, or involving our
connected products and services; lack of availability or delays in
receiving parts and raw materials from our supply chain, including
electronic components (in particular, semiconductors); disruptions
in operations at our facilities or that of third parties upon which
we rely; uncertainty related to the realization of the benefits and
synergies from our acquisition of Evoqua Water Technologies Corp.;
safe and compliant treatment and handling of water, wastewater and
hazardous materials; failure to successfully execute large
projects, including with respect to meeting performance guarantees
and customers’ budgets, timelines and safety requirements; our
ability to retain and attract leadership and other diverse and key
talent, as well as competition for overall talent and labor;
defects, security, warranty and liability claims, and recalls
related to our products; uncertainty around restructuring and
realignment actions and related costs and savings; our ability to
execute strategic investments for growth, including related to
acquisitions and divestitures; availability, regulation or
interference with radio spectrum used by certain of our products;
volatility in served markets or impacts on our business and
operations due to weather conditions, including the effects of
climate change; risks related to our sustainability commitments and
related disclosures; fluctuations in foreign currency exchange
rates; difficulty predicting our financial results; risk of future
impairments to goodwill and other intangible assets; changes in our
effective tax rates or tax expenses; financial market risks related
to our pension and other defined benefit plans; failure to comply
with, or changes in, laws or regulations, including those
pertaining to our business conduct, operations, products and
services, including anti-corruption, data privacy and security,
trade, competition, the environment, climate change and health and
safety; legal, governmental or regulatory claims, investigations or
proceedings and associated contingent liabilities; matters related
to intellectual property infringement or expiration of rights; and
other factors set forth under “Item 1A. Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2023 ("2023
Annual Report") and in subsequent filings we make with the
Securities and Exchange Commission (“SEC”).
Forward-looking and other statements in this press release
regarding our environmental and other sustainability plans and
goals are not an indication that these statements are necessarily
material to investors, to our business, operating results,
financial condition, outlook, or strategy, to our impacts on
sustainability matters or other parties, or are required to be
disclosed in our filings with the SEC. In addition, historical,
current, and forward-looking social, environmental and
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future. All forward-looking statements made herein
are based on information currently available to us as of the date
of this press release. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530296123/en/
Houston Spencer (Media) +1 (914) 240-3046
Houston.Spencer@xylem.com Andrea van der Berg (Investors) +1 (914)
260-8612 Andrea.vanderBerg@xylem.com
Xylem (NYSE:XYL)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Xylem (NYSE:XYL)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
