NYSE:XYLMachinery
Xylem (XYL) Stock Rallies As Record Margins Power Profit Growth
Xylem shares opened the morning after earnings up about 4% at US$124.97, a strong move for a steady water technology stock that usually trades on long contracts rather than headlines. The market is reacting to one clear message: profitability is the story this quarter.
Record quarterly earnings per share of US$1.46 and an adjusted EBITDA margin of 23.3% put the focus firmly on margins rather than modest top line growth. For investors thinking beyond today’s bounce, the question now is how...