Pump Manufacturer Xylem Reports 16.3 Percent Full-Year 2024 Revenue Hike

Water technology company and pump manufacturer Xylem posted $8.562 billion in 2024, compared to $7.364 billion in 2023, a 16.3-percent hike. Revenue from products totaled $7.095 billion, compared to $6.291 billion the year before, a 12.8-percent hike. Revenue from services reached $1.467 billion compared to $1.073 in 2023, a 36.7-percent jump.

“The team delivered a strong fourth quarter to close a record-breaking year for Xylem,” said Matthew Pine, Xylem CEO. “We set new benchmarks for full-year revenue, net income and adjusted EBITDA margins, and earnings per share, with the team showing great operating discipline across the portfolio. All segments delivered strong Q4 orders growth, giving us momentum coming into 2025 on resilient underlying demand.

“In a year of transition and transformation, the team focused on what matters while delivering on the initiatives that have laid the foundation for sustainable growth and value creation. Our 2025 guidance reflects the team’s commitment to our long-term framework as we continue to enable our customers to address the world’s greatest water challenges.”