Xylem (NYSE: XYL) reported Q3 EPS of $0.49, $0.01 better than the analyst estimate of $0.48. Revenue for the quarter came in at $902 million versus the consensus estimate of $897.8 million.

Xylem reaffirms FY2015 EPS of $1.82-$1.87, versus the consensus of $1.84. Xylem sees FY2015 revenue of $3.7 billion, versus the consensus of $3.66 billion.

"Our team delivered solid results this quarter, with project deliveries driving better than expected performance,” said Patrick Decker, Xylem President and Chief Executive Officer. “We are continuing to see signs of increasing strength in the public utility end market and mixed conditions in industrials. We continue to grow and expand our business in emerging markets, where we generated a nine-percent increase in organic revenue in the quarter. While we did see some growth deceleration in the commercial building and industrial sectors, these regions, such as China and India, are continuing to increase investments in water and wastewater infrastructure. In India, for example, we recently secured a $39 million order for a custom pumping system that will provide drinking water and irrigation to arid areas that currently do not have stable water sources.”

Decker continued, “We are executing a balanced capital deployment strategy. During the quarter, we opportunistically repurchased $75 million in shares and, last week, we added a new business to our analytics portfolio that strengthens our offering. We will continue to maintain a sharp focus on execution across all aspects of our business as we close out the year.”

For earnings history and earnings-related data on Xylem (XYL) click here.