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Xylem expands footprint in Turkey with acquisition of Anadolu Flygt

Prior to the acquisition, Xylem held 46 per cent shares of Anadolu Flygt. ....

Naji Skaf , Feyyaz Yumurtac , Anadolu Flygt , Middle East , Advanced Infrastructure Analytics ,

Xylem Reports Fourth Quarter And Full-Year 2020 Earnings

Xylem Reports Fourth Quarter And Full-Year 2020 Earnings
RYE BROOK, N.Y. (BUSINESS WIRE)
Xylem Inc. (NYSE: XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, today reported fourth quarter revenue of $1.37 billion, and full-year 2020 revenue of $4.88 billion, exceeding expectations on strengthening end-market performance, despite COVID-19 related impacts.
Fourth quarter reported operating margin was 13.0 percent, and adjusted operating margin was 13.8 percent, each declining 120 basis points year-over-year. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margin declined 170 basis points to 18.8 percent. COVID-related impacts and inflation drove the margin decline, exceeding productivity improvements and cost savings. Xylem generated net income of $148 million, or $0.82 per share, and adjusted net income of $145 million, or $0.81 per share, which excludes the impact of restruct ....

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