Xylem Narrows 2024 Outlook: Now Expects Revenue Of $8.5B (Prior $8.55B) Vs. $8.528B Est., And Adj. EPS Of $4.22-4.24 (Prior $4.18-$4.28) Vs. $4.26 Est.
Portfolio Pulse from Benzinga Newsdesk
Xylem has revised its 2024 financial outlook, now expecting revenue of $8.5 billion and adjusted EPS between $4.22 and $4.24. The company anticipates a 15% increase in reported revenue and a 5% increase on an organic basis, with an adjusted EBITDA margin of 20.5%.
October 31, 2024 | 11:09 am
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Xylem has slightly adjusted its 2024 revenue and EPS outlook, with revenue now expected at $8.5 billion and EPS between $4.22 and $4.24. The company projects a 15% increase in reported revenue and a 5% organic growth.
Xylem's updated outlook shows a slight decrease in expected revenue and a narrowed EPS range. The changes are minor, suggesting a stable outlook with no significant short-term impact on stock price.
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