Xylem Inc. (XYL) Q1 2023 Earnings Call Transcript

Xylem Inc. (NYSE:XYL) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET

Company Participants

Andrea van der Berg - VP, IR

Patrick Decker - CEO

Sandy Rowland - CFO

Matthew Pine - COO

Conference Call Participants

Deane Dray - RBC Capital Markets

Nathan Jones - Stifel

Joe Giordano - TD Cowen

Mike Halloran - Baird

Scott Davis - Melius Research

Andy Kaplowitz - Citigroup

Operator

Welcome to the Xylem First Quarter 2023 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions]

I would now like to turn the call over to Andrea Van der berg, Vice President of Investor Relations. Please go ahead.

Andrea van der Berg

Thank you, Operator. Good morning, everyone, and welcome to Xylem First Quarter 2023 Earnings Call. With me today are Chief Executive Officer, Patrick Decker; Chief Financial Officer, Sandy Rowland; and Chief Operating Officer, Matthew Pine. They will provide their perspective on Xylem's first quarter 2023 results and discuss the second quarter and full-year outlook.

Following our prepared remarks, we will address questions related to the information covered on this call. I ask that you please keep to one question and a follow-up, and then return to the queue.

As a reminder, this call and our webcast are accompanied by a slide presentation available in the Investors section of our website, www.xylem.com. A replay of today's call will be available until midnight, May 11. Please note the replay number +1-800-925-9354 or +1-402-220-5384. Additionally, the call will be available for playback via the Investors section of our website under the heading Investor Events. Please turn to Slide 2.

We'll make some forward-looking statements on today's call, including references to future events or developments that we anticipate will or may occur in the future. These statements are subject to future risks and uncertainties, such as those factors described in Xylem's most recent annual report on Form 10-K and subsequent reports filed with the SEC. Please note that the Company undertakes no obligation to update any forward-looking statements publicly to reflect subsequent events or circumstances, and actual events or results could differ materially from those anticipated.

Please turn to Slide 3. We have provided you with a summary of our key performance metrics, including both GAAP and non-GAAP metrics. For the purposes of today's call, all references will be on an organic and/or adjusted basis, unless otherwise indicated. Non-GAAP financials have been reconciled for you and are included in the Appendix section of the presentation.