Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Water Infrastructure | 2,364.0 | 2,247.0 | 2,079.0 | 2,177.0 | 2,176.0 | 2,004.0 | 1,932.0 | 1,940.0 |
| Applied Water | 1,767.0 | 1,613.0 | 1,434.0 | 1,541.0 | 1,534.0 | 1,421.0 | 1,393.0 | 1,422.0 |
| Measurement & Control Solutions | 1,391.0 | 1,335.0 | 1,363.0 | 1,531.0 | 1,497.0 | 1,282.0 | 446.0 | 291.0 |
| Total revenues | 5,294.0 | 4,998.0 | 4,681.0 | 5,002.0 | 4,963.0 | 4,707.0 | 3,771.0 | 3,653.0 |
| Revenue growth [+] | 5.9% | 6.8% | -6.4% | 0.8% | 5.4% | 24.8% | 3.2% | -6.7% |
| Water Infrastructure | 5.2% | 8.1% | -4.5% | 0.0% | 8.6% | 3.7% | -0.4% | -20.6% |
| Applied Water | 9.5% | 12.5% | -6.9% | 0.5% | 8.0% | 2.0% | -2.0% | -3.5% |
| Measurement & Control Solutions | 4.2% | -2.1% | -11.0% | 2.3% | 16.8% | 187.4% | 53.3% | |
| Cost of goods sold | 3,438.0 | 3,220.0 | 3,046.0 | 3,203.0 | 3,181.0 | 2,860.0 | 2,309.0 | 2,249.0 |
| Gross profit | 1,856.0 | 1,778.0 | 1,635.0 | 1,799.0 | 1,782.0 | 1,847.0 | 1,462.0 | 1,404.0 |
| Gross margin | 35.1% | 35.6% | 34.9% | 36.0% | 35.9% | 39.2% | 38.8% | 38.4% |
| Selling, general and administrative | 1,227.0 | 1,179.0 | 1,143.0 | 1,158.0 | 1,161.0 | 1,089.0 | 914.0 | 854.0 |
| Research and development | 206.0 | 204.0 | 187.0 | 191.0 | 189.0 | 181.0 | 110.0 | 95.0 |
| Other operating expenses | -89.0 | -199.0 | -195.0 | -248.0 | -244.0 | 10.0 | | -9.0 |
| EBITDA [+] | 748.0 | 839.0 | 751.0 | 955.0 | 937.0 | 801.0 | 589.0 | 597.0 |
| EBITDA growth | -10.8% | 11.7% | -21.4% | 1.9% | 17.0% | 36.0% | -1.3% | -7.2% |
| EBITDA margin | 14.1% | 16.8% | 16.0% | 19.1% | 18.9% | 17.0% | 15.6% | 16.3% |
| Depreciation | 111.0 | 118.0 | 117.0 | 117.0 | 117.0 | 109.0 | 87.0 | 88.0 |
| EBITA | 637.0 | 721.0 | 634.0 | 838.0 | 820.0 | 692.0 | 502.0 | 509.0 |
| EBITA margin | 12.0% | 14.4% | 13.5% | 16.8% | 16.5% | 14.7% | 13.3% | 13.9% |
| Amortization of intangibles | 125.0 | 127.0 | 134.0 | 140.0 | 144.0 | 125.0 | 64.0 | 45.0 |
| EBIT [+] | 512.0 | 594.0 | 500.0 | 698.0 | 676.0 | 567.0 | 438.0 | 464.0 |
| EBIT growth | -13.8% | 18.8% | -28.4% | 3.3% | 19.2% | 29.5% | -5.6% | -7.4% |
| EBIT margin | 9.7% | 11.9% | 10.7% | 14.0% | 13.6% | 12.0% | 11.6% | 12.7% |
| Non-recurring items [+] | -110.0 | 9.0 | 133.0 | 212.0 | 22.0 | 15.0 | 30.0 | 15.0 |
| Asset impairment | | | 58.0 | 148.0 | | 25.0 | 30.0 | 6.0 |
| Restructuring charges | 29.0 | 7.0 | 75.0 | | | | | |
| Loss (gain) on sale of business | 1.0 | 2.0 | | 1.0 | | -10.0 | | 9.0 |
| Pension curtailments and settlements | -140.0 | | | | | | | |
| Interest expense | 50.0 | 76.0 | 77.0 | 67.0 | 82.0 | 82.0 | 70.0 | 55.0 |
| Interest expense | 50.0 | 76.0 | 77.0 | 67.0 | 82.0 | 82.0 | 70.0 | 55.0 |
| Other income (expense), net [+] | -132.0 | 2.0 | -5.0 | -3.0 | 13.0 | -4.0 | 2.0 | 9.0 |
| Other | 7.0 | | -5.0 | -4.0 | 13.0 | 6.0 | 2.0 | |
| Pre-tax income | 440.0 | 511.0 | 285.0 | 416.0 | 585.0 | 466.0 | 340.0 | 403.0 |
| Income taxes | 85.0 | 84.0 | 31.0 | 15.0 | 36.0 | 136.0 | 80.0 | 63.0 |
| Tax rate | 19.3% | 16.4% | 10.9% | 3.6% | 6.2% | 29.2% | 23.5% | 15.6% |
| Minority interest | | | | | | -1.0 | | |
| Net income | 355.0 | 427.0 | 254.0 | 401.0 | 549.0 | 331.0 | 260.0 | 340.0 |
| Net margin | 6.7% | 8.5% | 5.4% | 8.0% | 11.1% | 7.0% | 6.9% | 9.3% |
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| Basic EPS [+] | $1.97 | $2.37 | $1.41 | $2.23 | $3.05 | $1.84 | $1.45 | $1.88 |
| Growth | -16.8% | 68.0% | -36.7% | -27.0% | 65.7% | 26.9% | -22.8% | 2.1% |
| Diluted EPS [+] | $1.96 | $2.35 | $1.40 | $2.21 | $3.03 | $1.83 | $1.44 | $1.87 |
| Growth | -16.6% | 67.7% | -36.6% | -27.0% | 65.6% | 26.7% | -22.8% | 2.3% |
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| Dividends per share [+] | $1.20 | $1.12 | $1.04 | $0.96 | $0.84 | $0.72 | $0.62 | $0.56 |
| Growth | 7.1% | 7.7% | 8.3% | 14.3% | 16.7% | 16.2% | 10.0% | 10900.0% |
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| Shares outstanding (basic) [+] | 180.2 | 180.2 | 180.1 | 180.0 | 179.8 | 179.6 | 179.1 | 180.9 |
| Growth | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.3% | -1.0% | -1.2% |
| Shares outstanding (diluted) [+] | 181.0 | 181.5 | 181.1 | 181.2 | 181.1 | 180.9 | 180.0 | 181.7 |
| Growth | -0.3% | 0.2% | -0.1% | 0.0% | 0.2% | 0.5% | -0.9% | -1.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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