Xylem Inc. Files 8-K on Operations and Exit Costs

TL;DR

XYL filed an 8-K detailing operational results and exit costs as of Jan 28, 2025.

AI Summary

Xylem Inc. filed an 8-K on January 30, 2025, reporting on its results of operations and financial condition as of January 28, 2025. The filing also addresses cost associated with exit or disposal activities. Xylem Inc. is incorporated in Indiana and its common stock is traded on the New York Stock Exchange under the symbol XYL.

Why It Matters

This filing provides investors with crucial updates on Xylem's financial performance and any restructuring or disposal activities, impacting the company's future profitability and operational strategy.

Risk Assessment

Risk Level: low — This is a routine filing providing operational and financial updates, not indicating immediate significant risks.

Key Players & Entities

• Xylem Inc. (company) — Registrant
• January 28, 2025 (date) — Date of earliest event reported
• January 30, 2025 (date) — Date of Report
• Indiana (jurisdiction) — State of incorporation
• XYL (ticker) — Trading Symbol
• New York Stock Exchange (exchange) — Exchange where Common Stock is registered

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share XYL New York Stock Exchange
• $95 million — incur pre-tax charges of approximately $95 million to $115 million primarily during 2025,
• $115 million — charges of approximately $95 million to $115 million primarily during 2025, with some charge
• $19 million — in 2026, and inclusive of approximately $19 million in the fourth quarter of 2024. The expe

Filing Documents

• xyl-20250128.htm (8-K) — 32KB
• 0001524472-25-000006.txt ( ) — 154KB
• xyl-20250128.xsd (EX-101.SCH) — 2KB
• xyl-20250128_lab.xml (EX-101.LAB) — 21KB
• xyl-20250128_pre.xml (EX-101.PRE) — 12KB
• xyl-20250128_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 30, 2025, Xylem Inc. (the "Company") confirmed that its financial results for the quarter and year ended December 31, 2024 will be largely in line with or above guidance for the quarter and year ended December 31, 2024 that was provided by the Company in its earnings announcement on October 31, 2024. This information in this Item 2.02 of this report is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

05 Cost Associated with Exit or Disposal Activities

Item 2.05 Cost Associated with Exit or Disposal Activities On January 28, 2025, at the delegation of the Company's Board of Directors, management committed to a restructuring plan. The plan consists of workforce reductions across all of our businesses and functions. Consistent with our 2024 Investor Day highlights around simplification to achieve our strategy, this plan is designed to streamline our organization, which will strengthen our competitive positioning and ability to better serve our customers. The majority of the workforce reductions are expected to be completed during fiscal year 2025 with some completing in 2026, subject to local laws. As a result of this restructuring, the Company currently expects to incur pre-tax charges of approximately $95 million to $115 million primarily during 2025, with some charges expected in 2026, and inclusive of approximately $19 million in the fourth quarter of 2024. The expected charges are comprised of employee severance, termination benefits, and associated costs, to be paid in cash. The estimated charges and the timing of such charges are based on certain assumptions, including local legal requirements and completion of consultations with works councils in various jurisdictions. We may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur as a result of or in connection with the implementation of the planned workforce reductions. As a result, the actual timing and costs of the restructuring may differ from the Company's current expectations and estimates. This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. 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

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XYLEM INC. Date: January 30, 2025 By: /s/ William K. Grogan William K. Grogan Senior Vice President & Chief Financial Officer (Authorized Officer of Registrant)

View Full Filing

View this 8-K filing on SEC EDGAR