Xylem (XYL) Q3 2024 Earnings Show Record Margins and EPS Growth

AI Summary

In Q3 2024, Xylem (XYL) reported record EBITDA margins and earnings per share, driven by disciplined operational execution. Organic orders increased by a high single-digit percentage, indicating strong underlying demand across segments, despite moderated revenue growth due to project timing issues. The company is on track to exceed cost synergy targets from its Evoqua integration. Xylem expects to increase its stake in the Idrica joint venture, enhancing its position in data management for water utilities, with the platform deployed across over 300 customers worldwide.