Xylem (NYSE: XYL) reported Q2 EPS of $0.48, $0.01 better than the analyst estimate of $0.47. Revenue for the quarter came in at $932 million versus the consensus estimate of $927.69 million.

“With our second quarter results, we are continuing to build a compelling track record of growth that reflects a strong focus on elevating our execution and driving productivity to expand margins,” said Patrick Decker, Xylem President and Chief Executive Officer. “We continued to capitalize on robust growth in the global public utility sector, which helped to offset softness in the industrial end market. Our teams also delivered strong performance in executing against our productivity initiatives. These results enabled us to continue to invest in key growth initiatives, which will drive our long-term performance.”

GUIDANCE:

Xylem reaffirms FY2016 EPS of $2.00-$2.06, versus the consensus of $2.05. Xylem sees FY2016 revenue of $3.7 billion, versus the consensus of $3.73 billion.

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