Xylem (XYL) Reports 4% Revenue Growth to $2.4 Billion in Q3

AI Summary

Xylem (XYL) reported a 4% year-over-year revenue growth for the last quarter, reaching $2.4 billion, with net orders increasing by 9%. As data centers expand, they require significant water cooling technology, positioning Xylem to capitalize on this trend with its smart water solutions. Currently, Xylem's stock is trading at a P/E ratio of 32.6. Meanwhile, American Water Works (AWK) also reported operating revenue of $5.1 billion, up from $4.68 billion the previous year, benefitting from regulated returns on capital investments.