Topic: How To Invest

Q: Thanks for all the good advice! It has kept me out of a couple of bad stocks. What do you think about Xylem Inc. (XYL)? Thanks again.

Article Excerpt

A: Xylem Inc., $98.05, symbol XYL on New York (Shares outstanding: 180.3 million; Market cap: $17.6 billion; Manufacturing & Industry sector; TSINetwork Rating: Average;, is a manufacturer of water technology and equipment for construction firms, utilities, farmers, food and beverage companies, and many others. Its products include water and wastewater pumps, hydro turbines, utility meters, software and analytics, etc. It has 360 locations in 40 countries with more than 16,500 employees. On January 23, 2023, Xylem announced that it would acquire Evoqua (symbol AQUA on New York) for $7.5 billion. Evoqua is a North American leader in water treatment. Its customers include life sciences, microelectronics, utilities, and food and beverage companies. The firm is an expert in the remediation of contaminants such as Per- and Polyfluoroalkyl Substances (PFAs). Xylem’s revenue rose 0.8%, from $5.21 billion in 2018 to $5.25 billion in 2019. Revenue then fell 7.1% in 2020 to $4.88 billion as the pandemic took hold and hurt business for the company’s…