Earnings release
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EX - 99.1 2 xy108032021ex991.htm EX - 99.1 Xylem Inc. 1 International Drive , Rye Brook N.Y. 10573 Tel +1.914.323.5700 Fax +1.914.323.5752 Contacts : • Media Houston Spencer +1 ( 914 ) 323-5723 Houston.Spencer@xylem.com Investors Matt Latino +1 ( 914 ) 323-5821 Matthew.Latino@xylem.com Xylem Reports Second Quarter 2021 Results 29 % organic orders growth on broad underlying demand across segments • Revenue growth 16 % on a reported basis , 11 % organically Exhibit 99.1 xylem Let's Solve Water • • • Adjusted EBITDA margin of 17.3 % , up 200 basis points ; net income as a percentage of revenue of 8.4 % , up 570 basis points Reported net income of $ 113 million or $ 0.62 per share ; adjusted net income of $ 119 million or $ 0.66 per share Raises full - year organic revenue guidance to a range of 6 % to 8 % , and raises mid - point of earnings per share guidance RYE BROOK , N.Y. , August 3 , 2021 - Xylem Inc. ( NYSE : XYL ) , a leading global water technology company dedicated to solving the world's most challenging water issues , today reported second quarter 2021 revenue of $ 1.35 billion . Revenues grew 16 percent on a reported basis , and 11 percent organically , reflecting strong underlying demand across all segments . Second quarter adjusted earnings before interest , tax , depreciation and amortization ( EBITDA ) margin grew 200 basis points to 17.3 percent . The margin expansion was driven by productivity , mix and volume leverage from strong underlying demand . Xylem generated net income of $ 113 million , or $ 0.62 per share , and adjusted net income of $ 119 million , or $ 0.66 per share , which excludes the impact of restructuring , realignment and special charges . " Our team capitalized on robust global demand for our offerings , driving revenues above expectations , and fuelling exceptional growth in new orders and backlog , " said Patrick Decker , Xylem's president and CEO . " That commercial momentum puts us in a strong position for the second half and beyond , as we continue to invest in sustainable growth . We expect the team to build on continuing market recovery , giving us confidence in lifting full- year guidance . " " During the quarter we also reported progress toward our 2025 sustainability goals – including moving major facilities onto renewable energy , and helping customers recycle more than a trillion gallons of water , " continued Decker . " The report demonstrates the strong link between our business and sustainability strategies . We partner with customers to provide more resilient infrastructure , drive affordability , and create a more sustainable water sector . That's our purpose and our business . As climate change drives water challenges in communities around the world , we intend to be part of the solution . " ( Download Xylem's 2020 sustainability report . )