Xylem Inc. Q3 2024 Results & Evoqua Acquisition Update
Ticker: XYL · Form: 10-Q · Filed: 2024-10-31T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, acquisition, earnings, water-technology
TL;DR
Xylem Q3 2024: Evoqua acquisition integration continues, financial details released.
AI Summary
Xylem Inc. reported its third-quarter 2024 results for the period ending September 30, 2024. The company's financial performance for the quarter and year-to-date is detailed, including revenue breakdowns by product and service segments. A significant event mentioned is the Evoqua acquisition, which closed on May 24, 2023.
Why It Matters
This filing provides insight into Xylem's financial health and operational performance following a major acquisition, impacting investors and the water technology sector.
Risk Assessment
Risk Level: medium — The company's risk level is medium due to the ongoing integration of a significant acquisition (Evoqua) and the inherent complexities of financial reporting for a large, publicly traded company.
Key Numbers
- 2024 Q3 — Reporting Period (Third quarter of fiscal year 2024)
- 2024-09-30 — Period End Date (The end date for the financial data presented in the 10-Q)
- 2023-05-24 — Acquisition Date (Date Xylem acquired Evoqua)
Key Players & Entities
- Xylem Inc. (company) — Filer of the 10-Q report
- Evoqua (company) — Acquired company
- May 24, 2023 (date) — Date of Evoqua acquisition closing
- September 30, 2024 (date) — End of the reporting period for the 10-Q
FAQ
What were Xylem's total revenues for the third quarter of 2024?
The filing indicates revenue data for the third quarter of 2024, but specific total revenue figures are not provided in this header information.
How has the Evoqua acquisition impacted Xylem's financial performance in Q3 2024?
The Evoqua acquisition, which closed on May 24, 2023, is a significant event noted in the filing, suggesting its impact is reflected in the Q3 2024 results, though specific financial impacts are detailed within the full report.
What is Xylem Inc.'s primary industry classification?
Xylem Inc. is classified under 'PUMPS & PUMPING EQUIPMENT' with SIC code 3561.
When did Xylem Inc. change its name from ITT WCO, Inc.?
Xylem Inc. changed its name from ITT WCO, Inc. on June 28, 2011.
What is the fiscal year end for Xylem Inc.?
Xylem Inc.'s fiscal year ends on December 31.
From the Filing
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