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Xylem (XYL) Q1 2018 Results - Earnings Call Transcript

May 01, 2018 2:33 PM ETXylem Inc. (XYL)4 Comments
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Xylem, Inc. (NYSE:XYL) Q1 2018 Earnings Call May 1, 2018 9:00 AM ET


Matthew Latino - Xylem, Inc.

Patrick K. Decker - Xylem, Inc.

E. Mark Rajkowski - Xylem, Inc.


Nathan Hardie Jones - Stifel, Nicolaus & Co., Inc.

Deane Dray - RBC Capital Markets LLC

Ryan Michael Connors - Boenning & Scattergood, Inc.

Walter Scott Liptak - Seaport Global Securities LLC

Chip Moore - Canaccord Genuity, Inc.

Jim Giannakouros - Oppenheimer & Co., Inc.

Joseph Giordano - Cowen & Co. LLC

Robert D. Barry - Susquehanna Financial Group LLLP

R. Scott Graham - BMO Capital Markets (United States)

Brian Lee - Goldman Sachs & Co. LLC


Welcome to the Xylem First Quarter 2018 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.

I would now like to turn the call over to Mr. Matt Latino, Senior Director of Investor Relations.

Matthew Latino - Xylem, Inc.

Thank you, Kristal, and good morning, everyone, and welcome to Xylem's first quarter 2018 earnings conference call. With me today are Chief Executive Officer, Patrick Decker and Chief Financial Officer, Mark Rajkowski.

They will provide their perspectives on Xylem's first quarter 2018 results and discuss the full year outlook. Following our prepared remarks, we will address questions related to the information covered on the call. I'll ask that you please keep to one question and a follow-up and then return to the queue. As a reminder, this call and our webcast are accompanied by a slide presentation available in the Investors section of our website at www.xylem.com.

A replay of today's call will be available until midnight on June 2. Please note the replay number is 800-585-8367 and the confirmation code is 4177-4098. Additionally, the call

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Comments (4)

17 Jul. 2018
I would say bless you if you can time things so precisely. Here, now, in the middle of July, we are beginning to see some weakness, and I am beginning to nibble. I have no idea where the bottom is. The chart seems to have good support at 50, but I don't expect to see that level. If we get a negative report in two weeks, we could see 55, and I would be a buyer at that price. But there are loads of political, environmental and other effects that could change everything, IMHO. But long term, water system managers have been essentially blind until recently, and with new sensing systems the possibility of managing them, and investing in them in some sort of mathematically optimized way is becoming possible. So there is opportunity in the sector. Just my opinion...best of luck.
awisecpa profile picture
IMO most of the water stocks are trading way too high as you say about XYL. They all ran up after the movie “The Big Short” where it was disclosed that Michael Burry mostly invested in water cos. They haven’t come down since!

When they come down, I will sell puts slightly ITM to get an even better price....or just collect premium. Any thoughts on this approach?
It's a great company, but the share price was grossly overinflated. At a P/E of over 35 and a 1.0% dividend, investors were reluctant to buy it at close to $80. However, it is a long-term hold and a buy at a lower price.
Can someone explain why it's dropping so much?
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