Xylem Reiterates 2024 Guidance As Previously Provided On May 2, 2024; Introduces Long-Term Financial Framework
Portfolio Pulse from Benzinga Newsdesk
Xylem has reiterated its 2024 guidance and introduced a long-term financial framework. The company anticipates annual organic revenue growth of 4-6%, with an average annual adjusted EBITDA margin expansion of approximately 100 basis points per year.
May 30, 2024 | 11:11 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Xylem has reiterated its 2024 guidance and introduced a long-term financial framework. The company anticipates annual organic revenue growth of 4-6%, with an average annual adjusted EBITDA margin expansion of approximately 100 basis points per year.
The reiteration of 2024 guidance and introduction of a long-term financial framework with higher growth and margin expansion targets is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100