Industrials
Specialty Industrial Machinery
$28.41B
23K
Key insights and themes extracted from this filing
Xylem reported revenue of $2,169 million for Q2 2024, a 26.0% increase YoY, driven by 9.2% organic growth and $302 million from acquisitions and divestitures. This indicates a successful growth strategy combining organic initiatives and strategic acquisitions.
Net income margin increased to 8.9% in Q2 2024, up 360 basis points from 5.3% in the prior year. This improvement reflects enhanced profitability and operational efficiency.
Gross margin remained flat at 37.8% for Q2 2024. While revenue increased, the gross margin did not improve, indicating potential challenges in managing costs or pricing effectively.