Premium water-solutions provider Xylem Inc. XYLposted in-line earnings in first-quarter 2018.
Earnings
Quarterly adjusted earnings came in at 51 cents per share, in line with the Zacks Consensus Estimate. However, the bottom line came in 30.8% higher than the year-ago tally.
Revenues
Quarterly revenues came in at $1,217 million, comfortably beating the Zacks Consensus Estimate of $1,179 million.
Segment Details
Revenues of the Water Infrastructure segment came in at $480 million, up 14.6% year over year. The upswing stemmed from sturdy dewatering applications’ demand and elevated sales from all utilities end-markets.
Applied Water segment generated revenues of $366 million in the reported quarter, up 9.9% year over year. Ongoing large industrial projects and solid commercial building applications’ demand drove this improvement.
Quarterly revenues of the Measurement & Control Solutions segment came in at $371 million, up 16.3% year over year. This improvement was supported by strong analytics, as well as gas, electric and services businesses.