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4-Traders Homepage  >  Equities  >  Nyse  >  Xylem Inc    XYL

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Xylem Inc : Xylem's Flojet® awarded Global Strategic Supplier of the Year honors by Manitowoc, world leader in foodservice equipment

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04/04/2012 | 07:05pm CET

Xylem Inc. (NYSE: XYL), a leading global water technology company focused on addressing the world's most challenging water issues announced today that its Flojet® pumps have earned the Global Strategic Supplier of the Year award from Manitowoc, the world's leading foodservice equipment company.

"We applaud Xylem for its exceptional job in understanding the needs of our business and those of our customers, while offering us the superb reliability and adaptability of its products," said Tom Wooderson, director of supply chain, Manitowoc Foodservice.

Against a competitive field of numerous suppliers, Manitowoc selected Xylem for its outstanding product quality, on-time delivery, global capabilities and strategic collaboration on new products that enhance Manitowoc's own customer relationships.

For over 20 years, Xylem has provided Manitowoc with Flojet pumps for its post-mix fountain beverage machine applications, smoothie machine pumps, icemaker pumps and refrigeration pack pumps. Customers across the globe that benefit from the partnership between the two companies include leading soft drink beverage makers and suppliers, quick-serve restaurants and convenience stores; essentially anywhere soft drinks or fountain service are available.

"We're proud to be recognized as Manitowoc's Global Strategic Supplier of the Year," said Jim Jackson, director of global beverage sales for Xylem's Flow Control business unit. "It's a testament to the strength of our relationship, the hard work of the Xylem team, the experience that comes with serving over four billion soft drinks per year and our commitment to delivering products that delight Manitowoc's customers."

Flojet®, a Xylem brand, is a leading manufacturer of small motor-driven and air-operated pumps for beverage and industrial applications.

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential, commercial, agricultural and industrial settings. The Company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world's most challenging water and wastewater problems. Launched in 2011 from the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in White Plains, N.Y., with 2011 revenues of $3.8 billion and 12,500 employees worldwide.

The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all -- that which occurs in nature. For more information, please visit us at http://www.xyleminc.com.

Xylem Inc.
Erin Vadala, +1 978-468-3076
erin@warnerpr.com


© Business Wire 2012
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Financials ($)
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EBIT 2017 615 M
Net income 2017 401 M
Debt 2017 1 789 M
Yield 2017 1,37%
P/E ratio 2017 22,25
P/E ratio 2018 19,58
EV / Sales 2017 2,31x
EV / Sales 2018 2,19x
Capitalization 8 819 M
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Average target price 54,5 $
Spread / Average Target 11%
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NameTitle
Patrick K. Decker President, Chief Executive Officer & Director
Markos I. Tambakeras Non-Executive Chairman
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Nicholas R. Colisto Chief Information Officer & Senior Vice President
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