Xylem Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 07:03 am EDT
Share
Xylem Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1,380 million compared to USD 1,265 million a year ago. Net income was USD 12 million compared to USD 114 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.63 a year ago.
For the nine months, sales was USD 4,016 million compared to USD 3,872 million a year ago. Net income was USD 206 million compared to USD 314 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 1.74 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 1.73 a year ago.
Xylem Inc. specializes in the design, manufacturing and marketing of engineered equipment for water and wastewater industries. Net sales break down by activity as follows:
- sale of transportation and water treatment systems (42.6%): Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, AADI and Leopold brands;
- sale of hydraulic equipment (29.4%): booster devices, pumps, valves, heat exchangers, distribution and control equipment, etc. sold under the Goulds, Bell & Gossett, AC Fire, Standard, Flojet, Lowara, Jabsco and Flowtronex brands for the agricultural, industrial, commercial and residential sectors;
- sale of measurement and control systems and analytical instruments (28%): dedicated to the conservation of water resources and water testing.
Net sales are distributed geographically as follows: the United States (47.1%), Europe (28.8%), Asia/Pacific (12.7%) and other (11.4%).
XYLEM INC. 
