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Xylem Reiterates 2024 Guidance As Previously Provided On May 2, 2024; Introduces Long-Term Financial Framework

Author: Benzinga Newsdesk | May 30, 2024 07:11am

Xylem's long-term financial framework anticipates annual organic revenue growth in the range of 4 percent to 6 percent, with approximately 1 percent from implied revenue synergies offset by the impact of simplification initiatives. This results in average annual adjusted EBITDA margin expansion of approximately 100 basis points per year, an acceleration of margin expansion compared to Xylem's previous long-term framework of 50 to 75 basis points.

Posted In: XYL