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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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Xylem (XYL) Q4 2020 Earnings Call Transcript


Operator
Welcome to the Xylem fourth quarter and fiscal year-end 2020 earnings conference call. [Operator instructions] I would now like to turn the call over to Matt Latino, vice president of investor relations.
Matt Latino
Vice President of Investor Relations
Thank you, Pasha. Good morning, everyone, and welcome to Xylem s fourth quarter and full-year 2020 earnings conference call. With me today are Chief Executive Officer Patrick Decker and Chief Financial Officer Sandy Rowland. They will provide their perspective on Xylem s fourth quarter and full-year 2020 results and discuss the first quarter and full-year outlook for 2021.
Following our prepared remarks, we will address questions related to the information covered on the call. [Operator instructions] As a reminder, this call and our webcast are accompanied by a slide presentation available in the Investors section of our website at www.xylem.com. A replay of today s call will be available until midni ....

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