Xylem Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Xylem Inc. has filed its 2023 10-K report detailing its financial performance and business operations.</b>

AI Summary

Xylem Inc. (XYL) filed a Annual Report (10-K) with the SEC on February 28, 2024. Xylem Inc. reported its fiscal year 2023 results in a Form 10-K filing dated February 28, 2024. The company's principal business address is 301 Water Street SE, Washington, DC 20003. Xylem Inc. was formerly known as ITT WCO, Inc., with a name change effective June 28, 2011. The filing covers the fiscal year ending December 31, 2023. The Standard Industrial Classification for Xylem Inc. is Pumps & Pump Equipment [3561].

Why It Matters

For investors and stakeholders tracking Xylem Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Xylem's financial health, operational performance, and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's value and future prospects. Understanding the details within this filing allows stakeholders to evaluate Xylem's compliance with regulatory requirements and its position within the pumps and pump equipment industry.

Risk Assessment

Risk Level: medium — Xylem Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not present immediate, significant positive or negative catalysts that would drastically alter the company's valuation without further analysis of the specific financial data within.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-K to identify key performance indicators, revenue drivers, and any significant risks or opportunities for Xylem Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-28 — Filing Date (Filed as of date)
• 0001524472-24-000006 — Accession Number (Unique identifier for the filing)
• 3561 — SIC Code (Pumps & Pump Equipment)

Key Players & Entities

• Xylem Inc. (company) — Filer name
• ITT WCO, Inc. (company) — Former company name
• 301 Water Street SE, Washington, DC 20003 (address) — Business and mailing address
• 2023-12-31 (date) — Conformed period of report
• 2024-02-28 (date) — Filed as of date
• 0001524472-24-000006 (filing_id) — Accession number
• 3561 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

Xylem Inc. operates in the Pumps & Pump Equipment industry, a sector critical for water management, infrastructure, and industrial processes.

Regulatory Implications

The filing adheres to the regulations set forth by the Securities and Exchange Commission (SEC) for annual reporting by public companies.

What Investors Should Do

1. Analyze Xylem's revenue breakdown by product and service segments for FY2023.
2. Examine the company's balance sheet for key financial health indicators like debt-to-equity ratio and cash reserves.
3. Review any disclosed risk factors and management's strategies to mitigate them.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, following previous filings for prior periods.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share XYL New York Stock Exchange
• $7.4 billion — echnology company with 2023 revenues of $7.4 billion and approximately 23,000 employees worl
• $700 billion — rgy, and chemicals, to be approximately $700 billion. Global water needs cannot be met wit

Filing Documents

• xyl-20231231.htm (10-K) — 3373KB
• xyl12312023ex1033.htm (EX-10.33) — 13KB
• xyl12312023ex21.htm (EX-21.0) — 114KB
• xyl12312023ex231.htm (EX-23.1) — 2KB
• xyl12312023ex311.htm (EX-31.1) — 9KB
• xyl12312023ex312.htm (EX-31.2) — 10KB
• xyl12312023ex321.htm (EX-32.1) — 5KB
• xyl12312023ex322.htm (EX-32.2) — 5KB
• xyl12312023ex97.htm (EX-97) — 40KB
• image_0.jpg (GRAPHIC) — 15KB
• image_01.jpg (GRAPHIC) — 37KB
• xyl-20231231_g1.jpg (GRAPHIC) — 55KB
• xyl-20231231_g2.gif (GRAPHIC) — 16KB
• 0001524472-24-000006.txt (&nbsp;) — 19591KB
• xyl-20231231.xsd (EX-101.SCH) — 102KB
• xyl-20231231_cal.xml (EX-101.CAL) — 157KB
• xyl-20231231_def.xml (EX-101.DEF) — 719KB
• xyl-20231231_lab.xml (EX-101.LAB) — 1485KB
• xyl-20231231_pre.xml (EX-101.PRE) — 1100KB
• xyl-20231231_htm.xml (XML) — 3566KB

Signatures

Signatures 129 * Included pursuant to the Instruction to Item 401(b) of Regulation S-K. 2 PART I The following discussion should be read in conjunction with the consolidated financial statements, including the notes, included elsewhere in this Annual Report on Form 10-K (this "Report").

Forward-Looking Statements

Forward-Looking Statements This Report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "contemplate," "predict," "forecast," "likely," "believe," "target," "will," "could," "would," "should," "potential," "may" and similar expressions or their negative, may, but are not necessary to, identify forward-looking statements. By their nature, forward-looking statements address uncertain matters and include any statements that: are not historical, such as statements about our strategy, financial plans, outlook, objectives, plans, intentions or goals (including those related to our social, environmental and other sustainability goals); or address possible or future results of operations or financial performance, including statements relating to orders, revenues, operating margins and earnings per share growth. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include, among others, the following: the impact of overall industry and general economic conditions, including industrial, governmental, and public and private sector spending, interest rates, inflation and related monetary policy by governments in response to inflation, and the strength of the residential and commercial r

BUSINESS

ITEM 1. BUSINESS Business Overview Xylem is a leading global water technology company with 2023 revenues of $7.4 billion and approximately 23,000 employees worldwide. We design, manufacture and service highly engineered products and solutions across a wide variety of critical applications primarily in the water sector. Our broad portfolio of products, services and solutions addresses customer needs of scarcity, resilience, quality, and affordability across the water cycle, from the delivery, treatment, measurement and use of drinking water, to the collection, testing, analysis and treatment of wastewater, to the return of water to the environment. We have differentiated market positions in core application areas including transport, treatment, dewatering, analytic instrumentation and measurement, smart metering, infrastructure assessment services, digital software solutions for utilities, industrial processes, outsourced water services, filtration and separation, applied water systems for commercial and residential business services, disinfection, wastewater treatment, and anodes. Setting us apart is a unique set of global assets that include: Market-leading brands, some of which have been in use for more than 100 years Global distribution networks consisting of direct sales forces and independent channel partners serving a diverse customer base in approximately 150 countries A substantial global installed base across the water cycle that provides for steady recurring and replacement revenue A strong history of bringing innovative products, solutions, and business models to customers A dedicated, experienced, qualified and technologically advanced group of employees focused on safely satisfying our customers' requirements in the water and energy spaces A strong financial position and cash generation profile that enables us to fund strategic organic and inorganic growth initiatives, and consistently return capital to shareholders A demonstrated commitment

View Full Filing

View this 10-K filing on SEC EDGAR