), one of the leading providers of innovative solutions for
global water challenges, recently announced to have received a
contract worth $0.5 million to provide its wastewater services in
Tolu, a town located on the Caribbean coast of Colombia.
As per the contract signed, Xylem will be required to set up a
secondary wastewater treatment solution that will help eliminate
odor problems and increase the quality of the wastewater that can
then be used for a number of applications.
The water treatment solution installation is likely to be
complete and operational by Nov 2013. Xylem through this set up
is likely to save 11% of maintenance cost annually as well as
reduce land requirements that can be used for other commercial
A look into Xylem's second quarter 2013 financial results
(announced on Jul 30, 2013) clearly shows that the company won
several important contracts in the quarter, totaling more than $1
billion. China, Singapore, United Arab Emirates, and Spain were
some of the prime locations of the contracts won.
The Zacks Consensus Estimate for Xylem currently stands at $1.43
for 2013 and $1.69 for 2014, reflecting year-over-year decline of
19.2% and growth of 18.4%, respectively. Also, we have an
of +1.4% for 2013 and 7.1% for 2014.
Xylem Inc. is based in White Plains, New York and operates in
more than 150 countries worldwide. The company currently has a
$5.1 billion market capitalization and carries a Zacks Rank #5
Other stocks to watch out for in the industry are
), each with a Zacks Rank #1 (Strong Buy) while
The Middleby Corp.
) carries a Zacks Rank #2 (Buy).
GRAHAM CORP (GHM): Free Stock Analysis Report
GORMAN RUPP CO (GRC): Free Stock Analysis
MIDDLEBY CORP (MIDD): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
To read this article on Zacks.com click here.