Xylem (NYSE: XYL) reported Q1 EPS of $0.52, $0.04 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.25 billion.

• First quarter 2019 reported net income was $79 million or $0.43 per share; Adjusted net income for the quarter was $94 million or $0.52 per share, up 12% excluding foreign exchange translation
• Delivered $1.2 billion in revenue for the first quarter, up 6% organically
• Cash flow from operations up 32%
• Reaffirms full-year 2019 organic revenue growth guidance of 4 to 6% and updates full-year guidance for adjusted earnings per share to $3.12 to $3.32

“We continue to see robust momentum in the demand for our solutions as we help our customers solve their water challenges and drive the digital transformation of the sector,” said Patrick Decker, President and Chief Executive Officer of Xylem. “While we’re disappointed with our margin performance in the quarter, we’re confident in our long-term growth outlook and in continuing to achieve attractive margin expansion.”

GUIDANCE:

Xylem sees FY2019 EPS of $3.12-$3.32, versus the consensus of $3.30. Xylem sees FY2019 revenue of $5.3-5.4 billion, versus the consensus of $5.42 billion.

For earnings history and earnings-related data on Xylem (XYL) click here.