), one of the leading providers of innovative solutions for
global water challenges, has received the largest ozone contract
in China. The contract entails the company to supply an ozone
generation and introduction system, which will provide a safe
municipal water supply in Jinshan, Shanghai. The contract is
worth roughly $1.87 million (RMB 11.48 million).
As per the contract, Xylem will provide the water plant with
WEDECO-branded ozone generation and introduction system. The
plant with a capacity of 400,000 tons of water per day will also
be equipped with Xylem's integrated service package -
This contract complements the company's effort to expand its
global footprint. Earlier this month, Xylem received a contract
to provide wastewater services in Tolu, a town located on the
Caribbean coast of Colombia. Per the contract, Xylem will be
required to set up a secondary wastewater treatment solution that
will help eliminate the odor and increase the quality of the
wastewater which can then be used for a number of
The company has been successful in gaining international
contracts this year. Year to date, Xylem has also received
contracts in United Arab Emirates, Sweden and Beijing.
Xylem reported dismal results for the second quarter of 2013,
with a year-over-year slump of 27% in earnings per share to 36
cents, as a result of lower revenues and higher costs. The Zacks
Consensus Estimate for 2013 has dropped 21.4% in the last 60 days
to $1.43 per share. For 2014, the Zacks Consensus Estimate
declined 18.8% during the same period to $1.69 per share.
Xylem currently carries a Zacks Rank #5 (Strong Sell). Other
stocks worth a look in the industry include
EnPro Industries, Inc.
The Middleby Corporation
Altra Holdings, Inc.
). While EnPro Industries carries a Zacks Rank #1 (Strong Buy),
Middleby and Altra Holdings carry a Zacks Rank #2 (Buy).
ALTRA HOLDINGS (AIMC): Free Stock Analysis
MIDDLEBY CORP (MIDD): Free Stock Analysis
ENPRO INDUS INC (NPO): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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