Xylem (NYSE: XYL) reported Q4 EPS of $0.88, in-line with the analyst estimate of $0.88. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.37 billion.

• Fourth quarter 2018 reported net income was $225 million or $1.24 per share; Adjusted net income for the quarter was $159 million or $0.88 per share, up 16 percent versus the prior year period
• Full-year 2018 reported net income was $549 million or $3.03 per share; Adjusted net income was $522 million or $2.88 per share, up 20 percent year-over-year
• Delivered $1.4 billion in revenue for the fourth quarter, up nine percent organically
• Fourth quarter orders of $1.4 billion were up 10 percent organically year-over-year
• Announces 14% increase in quarterly cash dividend
• Company projects full-year 2019 organic revenue growth of four to six percent, adjusted earnings per share of $3.20 to $3.40

“We continued to build strong momentum throughout 2018, generating solid revenue and orders growth across each of our business lines,” said Patrick Decker, President and Chief Executive Officer of Xylem. “With our expanded digital offerings and leveraging our extensive installed base, we delivered significant value to our customers, and demand for our solutions grew across all of our end markets. We are well-positioned as we begin the year and focused on delivering each of our 2019 commitments and long-term financial objectives.”

GUIDANCE:

Xylem sees FY2019 EPS of $3.20-$3.40, versus the consensus of $3.35. Xylem sees FY2019 revenue of $5.3-5.4 billion, versus the consensus of $5.43 billion.

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