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Xylem Reports Fourth Quarter And Full-Year 2020 Earnings

Xylem Reports Fourth Quarter And Full-Year 2020 Earnings

Operational performance exceeds expectations on the top and bottom line; quarter sequential gains across all segments and end markets Fourth-quarter and full-year revenue of USD 1.37 billion and USD 4.88 billion, respectively Fourth-quarter 2020 reported net income of...

SUEZ Subsidiary To Dispose 53.51% Stake In ESSAL With APUC

SUEZ Subsidiary To Dispose 53.51% Stake In ESSAL With APUC

France: SUEZ, through its subsidiary Aguas Andinas S.A., has agreed with Algonquin Power & Utilities Corp (APUC) to dispose of its entire stake of 53.51% in Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) as part of a takeover bid. The total enterprise...

SUEZ Disposes Of 4.8% Stake In Aquasure

SUEZ Disposes Of 4.8% Stake In Aquasure

Australis: SUEZ has agreed with AMP Capital, UniSuper, and Macquarie Prism to dispose of 4.8% of its stake in AquaSure, Victorian Desalination Plant (VDP) public-private partnership project in Australia, for a cash consideration of c.AU$76m. The disposal is expected...

Xylem Announces Second Quarter 2020 Results

Xylem Announces Second Quarter 2020 Results

Reported net income of $31 million or $0.17 per share; adjusted net income of $73 million or $0.40 per share Revenue declined 14% on a reported basis, and 12% organically, impacted by COVID-19 Strong cash performance with the free cash flow of $137 million, up 117%;...

WABAG Announces Its Results For Q4 FY 19-20

WABAG Announces Its Results For Q4 FY 19-20

Consolidated revenue of Rs. 2,557 crores with an order book of over Rs. 11,000 crores. India: VA Tech WABAG Limited has recently announced its financial results for the financial year ended on 31st March 2020. FY 19-20 Highlights: Order Book of over Rs. 11,000 Crore...

Xylem Appoints Sandra Rowland As Senior VP And CFO

Xylem Appoints Sandra Rowland As Senior VP And CFO

USA: Xylem Inc. has appointed Sandra Rowland as Senior Vice President and Chief Financial Officer (CFO), effective October 1, 2020. She will report to Xylem President and Chief Executive Officer Patrick Decker. Rowland will succeed Mark Rajkowski, who will retire from...

Xylem Announces Net Income Of USD 38 Million In 2020’s Quarter One

Xylem Announces Net Income Of USD 38 Million In 2020’s Quarter One

Reported net income of USD 38 million or USD 0.21 per share; adjusted net income of USD 42 million or USD 0.23 per share Organic revenue declined 8% in the first quarter, impacted by COVID-19; declined 9% on a reported basis Maintaining a strong balance sheet, USD1.7...

Let’s Get Our Priorities Straight

Let’s Get Our Priorities Straight

“Water flows uphill towards money.” - Gautam Buddha Editor’s Note, February 2020 Most of us would agree on the basic premise that if we increase the access to better sanitation and good-quality drinking water for our population then it results in both short-term and...