Xylem Inc Issues FY 2013 Guidance; Net Income Guidance Below Analysts' Estimates

Xylem Inc announced that for fiscal 2013, it expects revenue growth of 3% to 4% to approximately $3.9 billion. Fiscal 2013 adjusted net income is forecast to grow 2% to 7% to $335 to $354 million, for adjusted earnings per share of $1.80-$1.90 per share. The Company anticipates that restructuring and realignment costs will range from $60 to $70 million for the year. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $3.9 billion, net income of $356 million and EPS of $1.90 for fiscal 2013.