Xylem Inc. (NYSE:XYL) shares are trading lower after it reported second-quarter FY24 results. Revenue grew 26% Y/Y to $2.17 billion (+9% organically), beating the consensus of $2.145 billion on strong execution and demand. By segment, Measurement & Control Solutions revenue was $482 million (+26% Y/Y), Water Infrastructure revenue was $631 million (+22% Y/Y), Applied Water revenue was $456 million (-5% Y/Y) and Water Solutions and Services was $600 million (+76% Y/Y). Orders were up 12% Y/Y on a reported basis and declined 1% Y/Y organically to $2.09 billion. The adjusted EBITDA margin reached 20.8%, up 170 basis points Y/Y, driven by productivity savings, higher volume, and ...