Xylem Inc. Q2 2024 10-Q Filed

Ticker: XYL · Form: 10-Q · Filed: 2024-07-30T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, acquisition, financials

TL;DR

Xylem's Q2 10-Q is in, Evoqua deal closed May '23.

AI Summary

Xylem Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of 2024. A significant event mentioned is the Evoqua acquisition, which closed on May 24, 2023.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Xylem Inc., including details related to its significant Evoqua acquisition.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Players & Entities

Xylem Inc. (company) — Filer of the 10-Q
Evoqua (company) — Acquired company
May 24, 2023 (date) — Date of Evoqua acquisition closing
June 30, 2024 (date) — End of reporting period

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended June 30, 2024.

When did Xylem Inc. acquire Evoqua?

Xylem Inc.'s acquisition of Evoqua closed on May 24, 2023.

What is Xylem Inc.'s Standard Industrial Classification code?

Xylem Inc.'s Standard Industrial Classification code is 3561, for Pumps & Pump Equipment.

What was Xylem Inc.'s former company name?

Xylem Inc.'s former company name was ITT WCO, Inc.

When was the date of the former company name change?

The date of the former company name change was June 28, 2011.

From the Filing

0001524472-24-000033.txt : 20240730 0001524472-24-000033.hdr.sgml : 20240730 20240730131650 ACCESSION NUMBER: 0001524472-24-000033 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240730 DATE AS OF CHANGE: 20240730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Xylem Inc. CENTRAL INDEX KEY: 0001524472 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology IRS NUMBER: 452080495 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35229 FILM NUMBER: 241156249 BUSINESS ADDRESS: STREET 1: 301 WATER STREET SE CITY: WASHINGTON STATE: DC ZIP: 20003 BUSINESS PHONE: 202-869-9150 MAIL ADDRESS: STREET 1: 301 WATER STREET SE CITY: WASHINGTON STATE: DC ZIP: 20003 FORMER COMPANY: FORMER CONFORMED NAME: ITT WCO, Inc. DATE OF NAME CHANGE: 20110628 10-Q 1 xyl-20240630.htm 10-Q xyl-20240630 0001524472 false 2024 Q2 --12-31 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:SEK utr:Rate iso4217:EUR xyl:Segment 0001524472 2024-01-01 2024-06-30 0001524472 2024-07-26 0001524472 us-gaap:ProductMember 2024-04-01 2024-06-30 0001524472 us-gaap:ProductMember 2023-04-01 2023-06-30 0001524472 us-gaap:ProductMember 2024-01-01 2024-06-30 0001524472 us-gaap:ProductMember 2023-01-01 2023-06-30 0001524472 us-gaap:ServiceMember 2024-04-01 2024-06-30 0001524472 us-gaap:ServiceMember 2023-04-01 2023-06-30 0001524472 us-gaap:ServiceMember 2024-01-01 2024-06-30 0001524472 us-gaap:ServiceMember 2023-01-01 2023-06-30 0001524472 2024-04-01 2024-06-30 0001524472 2023-04-01 2023-06-30 0001524472 2023-01-01 2023-06-30 0001524472 2024-06-30 0001524472 2023-12-31 0001524472 2022-12-31 0001524472 2023-06-30 0001524472 xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 xyl:LegacyEvoquaStockholdersMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 xyl:LegacyXylemStockholdersMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 xyl:EvoquaAcquisitionMember 2023-01-01 2023-09-30 0001524472 xyl:EvoquaAcquisitionMember us-gaap:TrademarksMember 2023-05-24 2023-05-24 0001524472 xyl:EvoquaAcquisitionMember us-gaap:TrademarksMember 2023-05-24 0001524472 srt:MinimumMember us-gaap:TechnologyBasedIntangibleAssetsMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 srt:MaximumMember us-gaap:TechnologyBasedIntangibleAssetsMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:TechnologyBasedIntangibleAssetsMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:TechnologyBasedIntangibleAssetsMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 us-gaap:CustomerRelationshipsMember srt:MinimumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:CustomerRelationshipsMember srt:MaximumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:CustomerRelationshipsMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:CustomerRelationshipsMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 us-gaap:OrderOrProductionBacklogMember srt:MinimumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:OrderOrProductionBacklogMember srt:MaximumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:OrderOrProductionBacklogMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:OrderOrProductionBacklogMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 xyl:PermitsMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 xyl:PermitsMember xyl:EvoquaAcquisitionMember 2023-05-24 0001524472 us-gaap:SoftwareDevelopmentMember srt:MinimumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:SoftwareDevelopmentMember srt:MaximumMember xyl:EvoquaAcquisitionMember 2023-05-24 2023-05-24 0001524472 us-gaap:SoftwareDevelopmentMember xyl:Ev