The following is a summary of the Xylem Inc. (XYL) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Xylem posted Q1 organic revenue growth of approximately 7% and expanded their adjusted EBITDA margin by almost 300 basis points. Earnings per share also rose by 14%.

• The Measurement & Control Solutions (M&CS) segment saw over 20% growth in organic revenue and margins were up over 500 basis points YoY.

• The book-to-bill ratio exceeded one, with a backlog increase of 4%.

• On the orders side, Xylem experienced good momentum in Q1 with total orders up year over year.

Business Progress:

• Xylem implemented business simplification measures in Q1 to boost efficiency.

• The company is on target to achieve its integration synergies with Evoqua, which is anticipated to drive further margin expansion.

• Despite slowdown concerns, the Water Infrastructure Solutions and Services (WSS) remained resilient.

• Their focus on the growing demand for non-revenue water in Europe and other regions is expected to benefit the Idrica platform and related portfolio.

• The data center market, which requires large amounts of water for cooling, has been identified as a growth opportunity as Xylem offers comprehensive treatment solutions for water recycling and outsources services for water management.

More details: Xylem IR

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