Xylem (HY) Reports Q4 Earnings Up, Revenue Steady

Xylem Inc. (HY) released Q4 results, reporting an 8% year-over-year increase in net income to $147.6 million, or $0.32 per share, on slightly higher revenue of $1.12 billion. The improvement followed a challenging water infrastructure environment, with the company attributing the gains to cost optimization and higher pricing in its industrial water segment. Management cited a 2% rise in water treatment unit sales and improved performance in its smart irrigation business.