XYL

Xylem Inc.

Industrial/Transportation


Presented:01/15/2014
Price:$35.58
Cap:$6.56B
Current Price:$136.68
Cap:$33.20B

Presented

Date01/15/2014
Price$35.58
Market Cap$6.56B
Ent Value$7.37B
P/E Ratio19.5x
Book Value$11.67
Div Yield1.6%
Shares O/S184.49M
Ave Daily Vol1,310,000
Short Int1.35%

Current

Price$136.68
Market Cap$33.20B
Xylem Inc. engages in the design, manufacture, and application of engineered technologies for water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. The Water Infrastructure segment offers a range of products, including water and wastewater pumps, testing equipment, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, YSI, and Leopold names for transportation, treatment, and testing of water and wastewater applications in public utilities and industrial facilities. The Applied Water segment provides pumps, valves, heat exchangers, controls, and dispensing equipment under the Goulds Water Technology, Bell & Gossett, AC Fire, Standard, Flojet, Lowara, Jabsco, and Flowtronex names for residential and commercial building services, industrial water, and irrigation applications. The company sells its products through a network of direct sales force, resellers, distributors, and value-added solution providers primarily in the United States, Europe, and the Asia Pacific. Xylem Inc. is headquartered in Rye Brook, New York.

Highlights

In October of 2011, ITT Corporation executed a spin-off of Xylem (XYL). The stock suffered as the industrial water (pumps, valves, etc.)-focused stand-alone failed to live up to lofty expectations. Enough corporate infrastructure had been built to meet a $5 billion annual revenue run-rate, but due to the issues in Europe and a municipal slowdown, revenues never exceeded $3.8 billion. Gretchen McClain stepped down from the CEO post in the fall of 2013 after a string of earnings misses, and the presenter is now long shares of XYL because the Board brought former ITT Corp chairman, president and CEO Steve Loranger back in to turn the company around.

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