Xylem [XYL]
No date is written here that is not sourced. Where a date is not disclosed, the entry says so.
| catalyst | date | source / status | why it matters |
|---|---|---|---|
| Q2 2026 results | 2026-07-28 — ALREADY OCCURRED | 10-Q accession 0001524472-26-000110 and 8-K 0001524472-26-000108, both filed 2026-07-28 | This memo is written two days after the event. Revenue $2,336m (+1.5%, +1.3% organic); operating margin 16.7% (+340bp); orders $3,086m, +42.0%; EPS $1.11, adjusted $1.46 |
| Q3 2026 results | NOT YET ANNOUNCED | prior-year comparable 10-Q filed 2025-10-28; the two before that 2024-10-29 and 2023-11-01 | First test of whether the Q2 margin above 16% holds, and whether the WSS orders surge repeats or was a single contract |
| FY2026 10-K, with the annual total-backlog figure | NOT YET ANNOUNCED | FY2025 10-K filed 2026-02-25; FY2024 filed 2025-03-03; FY2023 filed 2024-02-28 | The single most important scheduled disclosure on this name. Total backlog is disclosed annually only. FY2025 was $4,615m against FY2024's $5,070m (−9.0%). This figure is the only way to check whether Q2'26's 1.32 book-to-bill reached the balance of contracted work |
| Measurement & Control restructuring completion | "through the end of 2027" | FY2025 10-K, verbatim: the M&C actions "are expected to continue through the end of 2027" | 74bp of the terminal-margin bridge. A disclosed end-date, not an estimate |
| Applied Water data-centre revenue quantification | NOT DISCLOSED, no date | "data center" mentions went 0 → 19 in Q2'26 (6 prepared / 13 Q&A) and drove Applied Water organic orders +9.2%; Xylem has never published a dollar figure | Would change the numerator of the entire valuation. Recorded as not disclosed — no date is estimated |
| Debt maturity: 3.250% Senior Notes due 2026, $500m | 2026 — month not disclosed in the 10-Q table | 10-Q debt note; $531m sits in "short-term borrowings and current maturities" | Inside the thesis horizon. Xylem issued $990m of new notes (5.200% due 2033, 5.450% due 2036) in 1H 2026, so the refinancing is effectively pre-funded |
| Buyback continuation | ongoing, no scheduled date | 1H 2026: $1,243m repurchased against $13m in 1H 2025; share count 243.1m (Feb) → 233.5m (Jul), −4.0% | Mechanically supports EPS. It is debt-funded ($990m issued) and is not an operating result |