Xylem (XYL) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS/Revenue Outlook
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Xylem reports eight percent increase in organic revenue and orders, and strong double-digit growth in 2nd quarter 2018 earnings
July 31, 2018 6:55 AM EDTSecond quarter 2018 reported net income was $115 million or $0.64 per share; Adjusted net income for the quarter was $131 million or $0.73 per share, up 24 percent versus the prior year period Xylem delivered $1.3 billion in second quarter 2018 revenue, up 13 percent year-over-year including the impact of foreign exchange and acquisitions Reported and adjusted EBITDA margin increased 80 and 70 basis points, respectively Second quarter free cash flow conversion increased 800 basis points year-over-year
RYE BROOK, N.Y.--(BUSINESS WIRE)-- Xylem Inc. (NYSE:... More
