Back to top

Analyst Blog

Xylem Inc. (XYL - Analyst Report), a leading name in the water solutions sector, has recently announced changes in its top management. Ms. Gretchen W. McClain, who was serving the company in the power of Chief Executive Officer (CEO) and President, has decided to step down, effective immediately.

Ms. McClain had been associated with Xylem since the company’s divestiture from ITT Corporation (ITT - Analyst Report) in Oct 2011. Prior to this, Ms. McClain was working as the President of ITT Corp.’s Residential & Commercial Water business and later as President of the ITT Fluid and Motion Control business.

Mr. Steven R. Loranger, currently a director of Xylem, has been appointed as the new CEO. In the meantime, Xylem has begun the search for Ms. McClain’s successor as this is a temporary appointment. Prior to the spin off, Mr. Loranger was serving ITT Corp. in the power of Chairman, President and CEO of ITT Corporation.

Mr. Loranger’s long-standing association with the company will enable him to drive Xylem to newer heights.

With the appointment of the new CEO, Xylem reaffirmed its previously issued guidance. Revenues for 2013 are expected to be roughly $3.7 billion. Adjusted net income for 2013 is expected in the range of $260.0 million to $279.0 million, representing $1.40 to $1.50 earnings per share. Reported net income for 2013 is estimated in the range of $205.0 million to $237.0 million or $1.10 to $1.27 per share.

Xylem is based in White Plains, N.Y. and operates in more than 150 countries worldwide. The company currently has a $4.96 billion market capitalization and carries a Zacks Rank #5 (Strong Sell).

Other stocks to watch out for in the industry include Gorman-Rupp Co. (GRC - Snapshot Report) and Graham Corp. (GHM - Snapshot Report), both retain a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%