Water solutions provider,
), has been successfully implementing its strategy for
international expansion. The company has recently strengthened
its presence in India with a new contract awarded by
privately-held Essar Projects (India) Limited. Per the contract,
Xylem will install the Sanitaire ICEAS biological treatment
system at a new wastewater treatment plant in Jamnagar, Gujarat.
The contract value remained undisclosed.
The wastewater plant, with a capacity of 70 million liters per
day, will treat all the municipal wastewater in Jamnagar. Xylem
will be responsible for the installation as well as ongoing
services and maintenance of the plant. The treated wastewater
will be used for non-potable industrial purposes, thereby
reducing the region's dependence on the Narmada River.
Earlier this month, Xylem won an equipment and service
contract from the Singapore Land Transport Authority worth $6.5
million (S$8.2 million). In September, Xylem 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).
With such high-value international contract wins, we expect
the company to secure better results in the coming quarters.
Xylem is expected to release the third-quarter 2013 results on
Oct 29. The Zacks Consensus Estimate for the company stands at 36
cents, reflecting a year-over-year decline of 18.7%. The company
has a current market capitalization of $5.2 billion.
Xylem currently carries a Zacks Rank #4 (Sell). Other stocks
worth a watch in the industry include
Manitex International, Inc.
). While Manitex International carries a Zacks Rank #1 (Strong
Buy), Colfax and Dover Corp. carry a Zacks Rank #2 (Buy).
COLFAX CORP (CFX): Free Stock Analysis Report
DOVER CORP (DOV): Free Stock Analysis Report
MANITEX INT INC (MNTX): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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