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Xylem Reports First Quarter 2021 Results tu businesswire.com/news/home/20210504005666/en/ May 4 , 2021 RYE BROOK , N.Y .-- ( BUSINESS WIRE ) -- Xylem Inc. ( NYSE : XYL ) , a leading global water technology company dedicated to solving the world's most challenging water issues , today reported first quarter 2021 revenue of $ 1.26 billion . Revenues grew 12 percent on a reported basis , and 8 percent organically , reflecting demand growth across all segments . First quarter adjusted earnings before interest , tax , depreciation and amortization ( EBITDA ) margin grew 480 basis points to 17.1 percent . The margin expansion was driven by volume benefits from strong demand , productivity gains and cost discipline . Xylem generated net income of $ 87 million , or $ 0.48 per share , and adjusted net income of $ 102 million , or $ 0.56 per share , which excludes the impact of restructuring , realignment and special charges . " Our Xylem team performed exceptionally well in the first quarter , despite ongoing pandemic challenges around the world . I'm so proud of how the team has served our customers and communities , " said Patrick Decker , Xylem's president and CEO . " We came into the year with growing momentum , and are taking full advantage of resurgent demand alongside broader economic recovery , posting double - digit orders growth across all segments . " " The positive market signals we are seeing , and our team's proven ability to manage through a challenging supply chain environment , give us confidence about the remainder of this year and beyond . On that basis , we are raising our guidance for the full year , for both top - line growth and earnings . " Updated Outlook Xylem now expects full year organic revenue growth to be in the range of 5 to 7 percent , and 8 to 10 percent on a reported basis . This represents an increase from the Company's previous full - year organic revenue guidance of 3 to 5 percent , and 6 to 8 percent on a reported basis . Full - year adjusted earnings per share is now expected to be in the range of $ 2.50 to $ 2.70 , up from the previous range of $ 2.35 to $ 2.60 . The increased guidance primarily reflects commercial momentum and broad demand recovery . Further 2021 planning assumptions are included in Xylem's first quarter 2021 earnings materials posted at www.xylem.com/investors . Excluding revenue , Xylem provides guidance only on a non - GAAP basis due to the inherent difficulty in forecasting certain amounts that would be included in GAAP earnings , such as discrete tax items , without unreasonable effort . First Quarter Segment Results Water Infrastructure Xylem's Water Infrastructure segment consists of its portfolio of businesses serving wastewater transport and treatment , clean water delivery , and dewatering . • First quarter 2021 revenue was $ 509 million , up 11 percent organically , and up 16 percent as reported , compared with first quarter 2020. Double - digit growth in both utilities and industrial end markets was driven by strong demand in wastewater applications and project deliveries in Europe , along with strength in Emerging Markets compared to a COVID - challenged environment in the first quarter of the prior year . • First quarter adjusted EBITDA margin was 17.3 percent , up 430 basis points from the prior year . Reported operating income for the segment was $ 71 million and adjusted operating income , which excludes $ 5 million of restructuring and realignment costs , was $ 76 million . The segment reported operating margin was 13.9 percent , up 500 basis points versus the prior year period . Adjusted operating margin rose 490 basis points to 14.9 percent . Strong productivity and volume leverage offset inflation . Applied Water Xylem's Applied Water segment consists of its portfolio of businesses in industrial , commercial building , and residential applications . • First quarter 2021 revenue was $ 393 million , representing 13 percent organic growth year - over - year , and 16 percent growth on a reported basis . Double - digit growth from strong demand in industrial and residential end markets was supplemented by mid single digit growth in the commercial end market . • First quarter adjusted EBITDA margin was 19.1 percent , up 250 basis points from the prior year . Reported operating income for the segment was $ 66 million and adjusted operating income , which excludes $ 1 million of restructuring and realignment costs and $ 1 million of special charges , was $ 68 million . The segment reported operating margin was 16.8 percent , up 290 basis points versus the prior year period . Adjusted operating margin rose 280 basis points to 17.3 percent . Strong productivity , cost savings and volume leverage more than offset inflation . Measurement & Control Solutions Xylem's Measurement & Control Solutions segment consists of its portfolio of businesses in smart metering , network technologies , advanced infrastructure analytics and analytic instrumentation . 1/16