เกจ์วัดแรงดันน้ำ Reports Second Quarter 2022 Results
by Brenna ShumbamhiniAugust 2, 2022
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Robust continuing demand drove robust natural orders development: 1% on a reported
basis, 6% organically
• Revenue of $1.4 billion, up 1% on a reported basis, up 6% organically
• Earnings per share of $0.62, adjusted earnings per share of $0.sixty six
• Adjusted EBITDA margin exceeded steering by 160 basis factors
• Raising full-year organic revenue steerage to a spread of 8% to 10% from 4% to
6%, and adjusted EPS to a variety of $2.50 to $2.70 from $2.forty to $2.70
Washington, D.C., August 2, 2022 – Xylem Inc. (NYSE: XYL), a leading world water technology
firm dedicated to fixing the world’s most challenging water issues, right now reported second quarter
income of $1.four billion, surpassing earlier steerage in each business section. Strong continued
world demand drove orders and backlog growth across the portfolio.
Second quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margin
was 16.6 percent, higher than the Company’s previous steering and reflecting a year-over-year
decrease of 70 basis factors. Inflation and the impact of continuing chip shortages drove the margin
decline, exceeding the benefits of price realization and productiveness savings. Xylem generated web
revenue of $112 million, or $0.62 per share, and adjusted web income of $120 million, or $0.66 per share,
which excludes the influence of restructuring, realignment and particular charges.
“The staff delivered very sturdy second quarter performance on all key metrics, and well forward of our
guidance for the quarter,” said Patrick Decker, Xylem president and CEO. “The result displays our
industrial momentum on continuing underlying demand, disciplined operational execution, and a
average easing in chip supply constraints.”
“On the power of strong backlog and orders development, and the team’s demonstrated success mitigating
the effects of inflation, we are elevating our full-year guidance on revenue and earnings. This additional
reinforces our longer-term development and worth creation thesis for Xylem.”
Outlook
Xylem now expects full-year 2022 natural income development to be within the range of 8 to 10 percent, and 3
to five p.c on a reported foundation. This represents an increase from the Company’s previous full-year
natural revenue steerage of 4 to 6 %, and 1 to three % on a reported foundation. Full-year 2022
adjusted EBITDA margin is now expected to be in the range of sixteen.5 to 17.zero p.c, raising the low end
of the earlier vary of 16.zero to 17.0 p.c. This ends in adjusted earnings per share of $2.50 to
$2.70, elevating the low finish from the earlier vary of $2.40 to $2.70. The increased guidance displays
strong demand, gradual easing of provide chain constraints and worth realization partially offset by
inflation and foreign trade headwinds.
Further 2022 planning assumptions are included in Xylem’s second quarter 2022 earnings materials
posted at www.xylem.com/investors. Excluding income, Xylem supplies steerage only on a non-GAAP
foundation due to the inherent issue in forecasting sure amounts that may be included in GAAP
earnings, such as discrete tax objects, with out unreasonable effort.
Second Quarter Segment Results
Water Infrastructure
Xylem’s Water Infrastructure phase consists of its portfolio of companies serving clear water
delivery, wastewater transport and treatment, and dewatering.
• Second quarter 2022 Water Infrastructure income was $589 million, a 9.zero p.c improve
organically compared with second quarter 2021. This robust progress was driven by sturdy worth
realization, industrial dewatering demand, and wholesome exercise in our wastewater utility business
in the U.S. and Western Europe.
• Second quarter adjusted EBITDA margin was 21.four percent, up 240 foundation points from the prior
year. Reported operating earnings for the phase was $108 million. Adjusted operating earnings
for the section, which excludes $3 million of restructuring and realignment, was $111 million, a
14.four percent enhance versus the comparable period last yr. Reported working margin for
the section was 18.three percent, up 200 basis factors versus the prior 12 months, and adjusted
operating margin was 18.eight p.c, up one hundred eighty foundation points versus the prior yr. Strong value
realization, quantity, and productivity financial savings greater than offset inflation and strategic
investments.
Applied Water
Xylem’s Applied Water section consists of its portfolio of businesses in industrial, business constructing,
and residential applications.
• Second quarter 2022 Applied Water income was $429 million, a 7.zero percent enhance
organically year-over-year. The phase delivered robust price realization and backlog
execution in industrial and residential finish markets, partially offset by continued supply chain
constraints in industrial buildings in the United States.
• Second quarter adjusted EBITDA margin was sixteen.1 percent, down 130 foundation factors from the
prior 12 months. Reported operating income for the section was $61 million and adjusted working
income, which excludes $2 million of restructuring and realignment costs, was $63 million, a 4.5
p.c decrease versus the comparable interval final 12 months. The section reported working
margin was 14.2 p.c, down one hundred thirty basis points versus the prior 12 months period. Adjusted
working margin declined a hundred and twenty basis points to 14.7 %. Strong worth realization and
productiveness financial savings were greater than offset by inflation and lower volume.
Measurement & Control Solutions
Xylem’s Measurement & Control Solutions section consists of its portfolio of businesses in sensible
metering, community technologies, advanced infrastructure analytics and analytic instrumentation.
• Second quarter 2022 Measurement & Control Solutions revenue was $346 million, down 2.0
p.c organically versus the prior 12 months. While chip provide stays constrained, the result’s
higher than our expectations as a result of improved chip provide in the quarter, and energy in our
water quality take a look at applications.
• Second quarter adjusted EBITDA margin was 9.eight %, down 410 foundation points from the prior
year. Reported working income for the section was $(5) million, and adjusted working
revenue, which excludes $3 million of restructuring and realignment prices and $1 million of
shortages, unfavorable combine and higher inflation greater than offset value realization and
productivity savings.
Supplemental information on Xylem’s second quarter 2022 earnings and reconciliations for sure nonGAAP objects is posted at www.xylem.com/investors.
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About Xylem
Xylem (XYL) is a leading world water know-how firm committed to fixing crucial water and
infrastructure challenges with innovation. Our 17,000 diverse workers delivered revenue of $5.2
billion in 2021. We are making a more sustainable world by enabling our customers to optimize water
and resource management, and helping communities in more than a hundred and fifty nations turn out to be watersecure. Join us at www.xylem.com.
Forward-Looking Statements
This press release accommodates “forward-looking statements” inside the that means 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 related expressions or their negative, may, however usually are not necessary to, determine
forward-looking statements. By their nature, forward-looking statements handle uncertain matters and
embrace any statements that aren’t historic, similar to statements about our strategy, monetary plans,
outlook, aims, plans, intentions or goals (including those associated to our social, environmental and
different sustainability goals); or handle possible or future results of operations or financial efficiency,
together with statements regarding orders, revenues, operating margins and earnings per share progress.
Although we imagine that the expectations mirrored in any of our forward-looking statements are
reasonable, precise outcomes could differ materially from these projected or assumed in any of our forwardlooking statements. Our future monetary condition and outcomes of operations, as properly as any forwardlooking statements, are subject to alter and to inherent dangers and uncertainties, a lot of that are
beyond our management. Additionally, many of those dangers and uncertainties are, and will proceed to be,
amplified by impacts from the struggle between Russia and Ukraine, as nicely as the continuing coronavirus
(“COVID-19”) pandemic and related macroeconomic conditions (including inflation). Important elements
that could trigger our precise results, performance and achievements, or industry results to vary
materially from estimates or projections contained in or implied by our forward-looking statements
include, among others, the following: the influence of general business and basic economic circumstances,
including industrial, governmental, and private and non-private sector spending and the power of the
residential and commercial actual property markets, on financial exercise and our operations; geopolitical
events, including the war between Russia and Ukraine, and regulatory, economic and different risks
associated with our international gross sales and operations, together with with respect to home content
necessities relevant to projects with governmental funding; continued uncertainty across the
ongoing COVID-19 pandemic’s magnitude, length and impacts on our business, operations, growth,
and financial condition; precise or potential different epidemics, pandemics or global well being crises;
availability, shortage or delays in receiving electronic elements (in particular, semiconductors), elements,
and uncooked materials from our supply chain; manufacturing and working value will increase due to
macroeconomic situations, including inflation, provide chain shortages, logistics challenges, tight labor
markets, prevailing value adjustments, tariffs and different elements; demand for our products; disruption,
competitors or pricing pressures within the markets we serve; cybersecurity incidents or different disruptions of
info technology techniques on which we rely, or involving our products; disruptions in operations at
our facilities or that of third events upon which we rely; capability to retain and appeal to senior administration
and different numerous and key talent, in addition to competition for general expertise and labor; issue predicting
our monetary results; defects, safety, warranty and legal responsibility claims, and recollects with respect to merchandise;
availability, regulation or interference with radio spectrum used by certain of our products; uncertainty
related to restructuring and realignment actions and related costs and financial savings; our capacity to continue
strategic investments for growth; our capacity to efficiently determine, execute and combine acquisitions;
volatility in served markets or impacts on business and operations because of climate situations, together with
the results of climate change; fluctuations in overseas forex change rates; our capacity to borrow or
refinance our present indebtedness and uncertainty around the availability of liquidity enough to satisfy
our wants; risk of future impairments to goodwill and other intangible belongings; failure to adjust to, or
adjustments in, legal guidelines or rules, together with these pertaining to anti-corruption, knowledge privacy and safety,
export and import, competition, and the surroundings and local weather change; modifications in our effective tax
rates or tax bills; legal, governmental or regulatory claims, investigations or proceedings and
related contingent liabilities; and different elements set forth under “Item 1A. Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2021 and in subsequent filings we make with
the Securities and Exchange Commission (“SEC”).
Forward-looking and different statements on this press launch concerning our environmental and different
sustainability plans and goals are not a sign that these statements are essentially material to
buyers or are required to be disclosed in our filings with the SEC. In addition, historic, current, and
forward-looking social, environmental and sustainability related statements may be based mostly on standards
for measuring progress that are nonetheless growing, internal controls and processes that continue to evolve,
and assumptions which are subject to alter in the future. All forward-looking statements made herein
are based on info presently 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 outcome of new
info, future events or in any other case, except as required by law
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