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Xylem reports strong growth in water technology sector

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Xylem Inc has reported fourth quarter revenue of $1.32 billion (€1.16 billion) and full-year 2021 revenue of $5.2 billion (€4.5 billion).
Productivity and volume drove the increase at the leading global water technology company dedicated to solving the world’s most challenging water issues.
“The team closed out 2021 with a strong performance, delivering full-year margin expansion alongside solid growth in revenue and earnings in the face of accelerating supply chain headwinds through the quarter,” said Patrick Decker, president and CEO of Xylem. “To mitigate the effects of inflation, the team also drove solid productivity improvements and price realisation above our expectations. Market demand was clearly robust, as evidenced by continued strong orders and backlog growth in both the quarter and the year.”
“We expect the first half of 2022 to continue to be supply constrained due to ongoing chip shortages,” Decker continued. “Order-to-revenue conversion is set to pick up pace progressively, as we expect those constraints to begin easing in the latter part of the year. Overall, we expect full-year growth in the mid-single digits, with significant margin expansion in the second half, keeping us on track to achieve our 2025 growth and strategic milestones.”
Xylem announced that its Board of Directors declared a dividend in the amount of $0.30 per share, an increase of 7%. The dividend is payable on March 17, 2022, to shareholders of record as of February 17.