Xylem Inc. Reports Q4 Earnings Beat with Revenue Growth
Xylem Inc. (XYL) announced its fourth-quarter 2023 financial results, surpassing Wall Street expectations.
Financial Highlights:
* Net income: $326 million, or $1.34 per share (excluding non-recurring gains: $1.18 per share)
* Revenue: $2.26 billion, exceeding analysts' estimates of $2.18 billion
* Annual earnings: $890 million, or $3.65 per share
* Annual revenue: $8.56 billion
Analyst Estimates:
Xylem's earnings per share surpassed the average estimate of $1.12 by five analysts polled by Zacks Investment Research.
Outlook:
For the full year 2024, Xylem anticipates earnings per share between $4.50 and $4.70.