xylem inc (XYL) Key Developments
Xylem Inc. Appoints Steven Leung as Senior Vice President and President, Emerging Markets, Effective April 1, 2015
Mar 26 15
Xylem Inc. announced that Steven Leung will join the company as senior vice president and president, emerging markets, effective April 1, 2015. In this newly created position, Leung will lead the company's commercial operations across the emerging markets, including China, Greater Asia, India, the Middle East, Africa and Latin America, as well as Australia and New Zealand, and he will report directly to Xylem President and Chief Executive Officer Patrick Decker. Leung will also serve as a member of the company's Senior Leadership Team and will be based in Shanghai, China. Leung, joins Xylem from Pentair, where he most recently served as vice president, global sales for Pentair's Valves and Controls business. In that role, he led the integration of four global vertical sales teams into a single global function, and his role was expanded to include leadership of the global commercial services function.
Xylem Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-25-2015
Mar 18 15
Xylem Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-25-2015 . Venue: Biltmore Hotel, Coral Gables, Miami, Florida, United States. Speakers: Michael T. Speetzen, Chief Financial Officer and Senior Vice President.
Xylem Inc. Presents at Barclays Industrial Select Conference, Feb-18-2015
Feb 13 15
Xylem Inc. Presents at Barclays Industrial Select Conference, Feb-18-2015 . Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami Beach, Florida, United States. Speakers: Michael T. Speetzen, Chief Financial Officer and Senior Vice President, Phil DeSousa, Vice President for Investor Relations.
Xylem Declares Dividend for the First Quarter of 2015, Payable on March 18, 2015
Feb 5 15
Xylem Inc. also announced that its Board of Directors declared a dividend in the amount of $0.1408 per share for the first quarter of 2015, an increase of 10%. The dividend is payable on March 18, 2015 to shareholders of record as of February 18, 2015.
Xylem Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for Fiscal 2015
Feb 5 15
Xylem Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported fourth quarter 2014 net income of $96 million, or $0.52 per share. Excluding the impact of restructuring, realignment and other special charges, the Company delivered adjusted net income of $114 million or $0.62 per share in the quarter, an 11% increase over the comparable period in 2013. Fourth quarter organic revenue grew 6% to $1.04 billion, reflecting stronger results from emerging markets and the U.S., as well as across all end markets.
The company generated $3.92 billion in revenue, an organic increase of 3% over 2013. Full-year reported net income was $337 million, or $1.83 per share, with an operating margin of 11.8%. Adjusted net income, which excludes the impact of restructuring, realignment and other special items, was $362 million or $1.97 per share. Income before taxes was $421 million against $298 million a year ago. Net cash from operating activities was $416 million against $324 million a year ago. Capital expenditures were $119 million against $126 million a year ago.
The company forecasts full-year 2015 revenue of approximately $3.7 billion, a decrease of 5 to 7% over the 2014 results, including the projected unfavorable impact of foreign exchange translation. On an organic basis, Xylem’s revenue growth is anticipated to be in the range of 1 to 3%. Full-year 2015 adjusted operating income is expected to be in the range of $480 to $505 million, resulting in adjusted earnings per share of $1.85 to $1.95. This represents a decline of 1 to 6% from Xylem’s 2014 adjusted results. Excluding the projected unfavorable impact of foreign exchange translation, Xylem’s adjusted earnings per share growth is anticipated to be in the range of 5 to 10%. The company’s adjusted earnings outlook reflects projected restructuring and realignment costs of $20 million for the year.